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Arsenal Medical Secures $3 Million Venture Capital Debt

Friday, October 05, 2012 5:54:00 AM PDT | VentureDeal

   Watertown, Massachusetts  --  Biotechnology company Arsenal Medical has received $3 million in new venture capital debt investment, according to an SEC regulatory filing.

Arsenal is developing a nano-fiber drug delivery system for a wide range of local drug delivery applications.

Investors in the financing were not disclosed, nor was how the company intends to use proceeds.

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