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VeraLight Secures $20 Million Series C Financing
Date:6/3/2008

e SCOUT technology will have a major impact on how we ultimately identify and treat diabetes and its complications."

About VeraLight

VeraLight, Inc., established in 2004 as an independent spinout of InLight Solutions, is applying its proprietary Spectroscopic Advanced Glycation Endproduct (SAGE) detection technology to develop the SCOUT DS system -- intended to be the first non-invasive diabetes screening system that provides healthcare professionals with an accurate and convenient method for detecting type 2 diabetes and pre-diabetes based on the presence of advanced glycation endproduct biomarkers found in skin. Weighing about 10 pounds, the SCOUT DS is designed to be a simple-to-use device that requires no blood draw, no fasting and no waiting for a lab result. For more information see http://www.veralight.com.

About VeraLight's Investors

Psilos Group has been a successful healthcare venture capital and private equity firm since its founding in 1998. With more than $550 million under management, Psilos focuses its investments across the healthcare services, healthcare information technology, and medical technology sectors. Psilos invests nationwide in businesses that are poised to create enduring market value by fundamentally improving the U.S. healthcare system. Its portfolio companies have a demonstrated ability to reduce the costs of healthcare delivery, improve clinical quality and advance the alignment of payer, patient and provider incentives. Psilos has offices in New York, the San Francisco Bay Area and Santa Fe, New Mexico.

CMEA Ventures is a venture capital firm focused on life sciences, high technology, and energy and materials investments. CMEA invests in both early- and late-stage ventures, and has a strong network of corporate, investment, and entrepreneurial relationships that it leverages on behalf of its portfolio companies. The firm currently manages six fund
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SOURCE VeraLight, Inc.
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