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Published on 2/21/2006 in the Prospect News Biotech Daily.

Syncro closes $2.2 million first round financing

By Lisa Kerner

Erie, Pa., Feb. 21 - Syncro Medical Innovations, Inc. said it has closed a first round venture capital financing totaling $2.2 million.

The proceeds will allow the company to begin ramping up sales and marketing efforts around the Gabriel Post Pyloric Feeding Tube, a novel magnetically guided enteral feeding device.

The round was led by Norwich Ventures.

Located in Canfield, Ohio, Syncro developed the Gabriel Post Pyloric Feeding Tube.

Issuer:Syncro Medical Innovations, Inc.
Issue:Venture capital
Amount:$2.2 million
Investors:Norwich Ventures
Announcement date:Feb. 21

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