Updated at 4:57 p.m., Wednesday, January 3, 2007
Hoana Medical raises $20.9M in latest financing round
Advertiser StaffHonolulu-based Hoana Medical Inc. today said it has raised $20.9 million in its latest round of financing.
The medical device company has developed technology that monitors physiological conditions without the need for electrical leads, electrodes or cuffs.
To date, Hoana has raised nearly $40 million in private equity along with $12 million in federal money for clinical evaluation and testing.
Hoana a spin-off from Hawai'i science and engineering company Oceanit is now accepting commercial customer orders for its LG1 Intelligent Medical Vigilance System.