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5i Sciences Announces Appointment of a Senior Healthcare Consultant and Successful Financing
Date:7/22/2014

The Company also announced completion of a Series B financing that raised $2.5 million and resulted in the conversion of $2.9MM in convertible Notes, $2 MM of which, was previously announced. Dr. Rose indicated that these funds will be used to further the development of products for airway management in anesthesia care and sleep medicine.

Avram Miller, Vice-Chairman, remarked “Over the last twelve months, 5i Sciences has made significant progress in strengthening its board and management team, and advancing the development of its core technology. The more than five million dollars that the company has raised provides a solid financial foundation which will allow the company to bring its first products to market.”

About 5i Sciences:
5i Sciences is developing its proprietary continuous negative external pressure (cNEP®) technology for important medical and consumer applications. The Company is dedicated to offering simple to use, safe and well-tolerated products that keep the upper airway open. For more information, visit http://www.5iSciences.com.

Read the full story at http://www.prweb.com/releases/2014/07/prweb12035379.htm.


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