Navigation Links
PLC Systems Secures Additional Financing For US Clinical Trials And General Working Capital
Date:7/2/2012

MILFORD, Mass., July 2, 2012 /PRNewswire/ -- PLC Systems Inc. (OTCBB: PLCSF), a company focused on innovative medical device technologies, today announced that it has completed an additional round of financing  with an affiliate of  Genesis Capital Advisors  LLC. These funds will enable PLC to continue its U.S. clinical trials for its RenalGuard® program, as well as continue to expand its distribution of RenalGuard internationally.   

PLC has received $1 million of the additional funding, and anticipates securing two additional payments of $500,000 each over the next six months through the sale of  Senior Secured Convertible Notes and Warrants. The Senior Secured Convertible Notes contain the same conversion terms and the Warrants contain the same exercise prices as those provided in the initial $4 million financing in February 2011.  Under the financing agreement, PLC has issued Genesis 5% Senior Secured Convertible Notes that mature three years from date of issuance, Warrants offering 100% coverage that can be exercised within five years from issuance and additional Warrants to purchase up to an additional 10,000,000 shares of common stock at an exercise price of $.25 per share. This funding is in addition to Genesis' original $4 million financing in February 2011 and includes monies that had been available to PLC based upon meeting certain operational milestones, or at the investor's discretion.

Mark R. Tauscher, president and chief executive officer of PLC Systems Inc., stated, "We greatly appreciate the vote of confidence from Genesis in providing this additional funding, which will enable us to make more concerted progress both with our U.S. clinical trial as well as in seeking to generate more substantial sales internationally with our expanded network of distributors. All the scientific data we have seen thus far, from investigator-sponsored clinical trials and other industry data, convince us tha
'/>"/>

SOURCE PLC Systems Inc.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine technology :

1. Transonic Systems Selects Infinity Info Systems To Implement Microsoft Dynamics CRM To Drive Business Performance And Operational Excellence
2. Medical Imaging Information Systems Market to 2017 - Replacement of Legacy Systems and Advances in Software Present Growth Opportunities
3. Combat Medical Systems buyout of Z-Medica ushers in new growth
4. Elektas Gamma Knife and Radiation Therapy Systems for Cancer Treatment Take Top Three Places in 2012s Best in KLAS for Radiation Therapy
5. Vocollect Healthcare Systems And Prime Care Technologies Bring AccuNurse Key Performance Metrics To Long-Term Care Providers Via primeVIEW Digital Dashboard
6. Smith & Nephew launches two plating systems for foot and ankle surgeons at AOFAS annual meeting in San Diego
7. Argus Health Systems to Showcase Customizable Product for Medical Drug Claim Compliance at AHIP Institute 2012
8. HemoShear Publishes Key Review on Human-Relevant Organotypic Systems
9. Eleven Integrated Health Systems Form Largest Private-Sector Diabetes Registry in United States
10. American Medical Systems and Allergan Sign Agreement for JetTouch™/BOTOX® Co-Development Program
11. Particle Measuring Systems® Celebrates 40 Years of Leadership
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/12/2014)... , Sept. 12, 2014 /PRNewswire-iReach/ -- 9 th ... 22-24, 2014 – Bethesda, MD ... http://www.fdanews.com/9thInspectionsSummitEarlyBird   Photo - http://photos.prnewswire.com/prnh/20140912/145652 ... for the next inspection than to get a glimpse ... during and after an inspection. Come to ...
(Date:9/12/2014)... 12, 2014  Lakeland Industries, Inc. (NASDAQ: ... industrial protective clothing for industry, municipalities, healthcare and ... local levels, today announced the global availability of ... Ebola virus.  In response to the increasing demand ... healthcare workers and others being exposed to Ebola, ...
(Date:9/12/2014)... , September 12, 2014 ... by Products (Glucose Monitoring & Infectious Diseases Testing Kits, ... Professional Monitoring), Over the Counter & Prescription Based - ... the global POC Diagnostics Market over the forecast period ... grow at a CAGR of 9.3% from 2013 to ...
Breaking Medicine Technology:FDAnews Announces: Early Bird Registration Discount Ends Sept.19 for 9th Annual Inspections Summit, Oct. 22-24, 2014 2FDAnews Announces: Early Bird Registration Discount Ends Sept.19 for 9th Annual Inspections Summit, Oct. 22-24, 2014 3Lakeland Industries Announces Global Availability of Hazmat Suits for Ebola 2Lakeland Industries Announces Global Availability of Hazmat Suits for Ebola 3Lakeland Industries Announces Global Availability of Hazmat Suits for Ebola 4Point-Of-Care Diagnostic Market Worth $27.5 Billion by 2018 2Point-Of-Care Diagnostic Market Worth $27.5 Billion by 2018 3Point-Of-Care Diagnostic Market Worth $27.5 Billion by 2018 4
... Sept. 29, 2011 The U.S. Food and Drug ... the International Internet Week of Action (IIWA), a cooperative ... and illegal medical products. (Logo: http://photos.prnewswire.com/prnh/20090824/FDALOGO ... between Sept. 20 and Sept. 27 is called OPERATION ...
... Sept. 29, 2011 CIVCO ... installed at the Instituto Radioterapia del Este in Puerto ... the Protura system elevates the level of radiation therapy ... need for many patients to travel for treatment. ...
Cached Medicine Technology:FDA Participates in Global Efforts to Protect Consumers and Patients from Unsafe Drugs on the Internet 2FDA Participates in Global Efforts to Protect Consumers and Patients from Unsafe Drugs on the Internet 3FDA Participates in Global Efforts to Protect Consumers and Patients from Unsafe Drugs on the Internet 4CIVCO's Protura™ Installed at Puerto Rico's Instituto Radioterapia del Este 2CIVCO's Protura™ Installed at Puerto Rico's Instituto Radioterapia del Este 3
(Date:9/13/2014)... (PRWEB) September 13, 2014 “I had ... we breathe, especially in major cities, is quite contaminated ... Ontario, Canada. “I thought we deserved a healthier alternative.” ... invented THE OXYGENIZER. , THE OXYGENIZER prevents pollutants and ... mouth. In doing so, it provides added peace of ...
(Date:9/13/2014)... MillionaireSinglesDating.com is a millionaire ... leading niche dating services provider, which also launched ... sugar daddy site , SugarDaddyMeet.com, and the ... site has recently reached 2 million users milestone. ... The members include CEOs, lawyers, doctors, pro athletes, ...
(Date:9/13/2014)... By Steven Reinberg ... -- An American doctor infected with Ebola who is being ... back, doctors there said. Dr. Rick Sacra has been ... to the Omaha-based medical center on Sept. 5. ... for ice cream with a pint of Ben & Jerry,s ...
(Date:9/13/2014)... September 13, 2014 Top10BestSEOHosting.com is ... recently compared a lot of web hosting suppliers ... and Arvixe are the best ASP.NET hosting suppliers ... Top10BestSEOHosting.com, ASP.NET hosting is a very popular way ... websites. , The IT manager is happy to ...
(Date:9/13/2014)... (PRWEB) September 13, 2014 Deaf Awareness falls ... The Hearing and Speech Agency hosts a week-long celebration ... Language (ASL) as the main form of communication. Voice ... schedule includes an ASL film night, a yoga class, a ... to the entire community. , The schedule is as follows: ...
Breaking Medicine News(10 mins):Health News:Personal Air Filtering Device Invented by InventHelp Clients (TOR-9166) 2Health News:MillionaireSinglesDating.com Reaches 2 Million Users Milestone 2Health News:American Ebola Patient Gets Appetite Back 2Health News:American Ebola Patient Gets Appetite Back 3Health News:Best ASP.NET Hosting Suppliers in 2014 Unveiled By Top10BestSEOHosting.com 2Health News:Baltimore Nonprofit Celebrates Deaf Awareness Week 2Health News:Baltimore Nonprofit Celebrates Deaf Awareness Week 3
... Atlantium Technologies, an Israeli-based water technologies company, today ... light water pasteurization and disinfection systems are now ... the U.S. dairy industry. The announcement by ... Administration finalized the 2009 Pasteurized Milk Ordinance (PMO), ...
... BRIDGEWATER, N.J., Oct. 15 In support of National ... new initiative to expand its commitment to raising awareness ... is sharing findings from the GRACE (Gender, Race And ... in North American women previously treated with HIV medications ...
... continued effort to give back to the communities in ... Fairfax, Va.-based American Society for Radiation Oncology (ASTRO) is ... cancer survivorship. Halos of Hope will work with ... ASTRO,s 51st Annual Meeting, scheduled for November 1-5, 2009, ...
... give back to the communities in the cities visited ... Radiation Oncology (ASTRO) is partnering with Gilda,s Club Chicago ... Chicago will work with ASTRO by participating in the ... for November 1-5, 2009, at McCormick Place West in ...
... , CHICAGO, Oct. 15 The NFL and National Dairy ... new initiative aimed at tackling childhood obesity by giving youth ... environment. The program will reach 36 million youth in 60,000 ... , The youth-led program empowers children and teens to take ...
... , MORRISVILLE, Pa., Oct. 15 Managing Myeloma ... educational website for multidisciplinary professionals, announces the opportunity for ... the December 2009 American Society of Hematology Annual Meeting ... airfare, hotel accommodations, and a per diem ...
Cached Medicine News:Health News:Atlantium Technologies' UV System Provides U.S. Dairy Processors With the Equivalent to Heat-Pasteurized Water 2Health News:Atlantium Technologies' UV System Provides U.S. Dairy Processors With the Equivalent to Heat-Pasteurized Water 3Health News:Tibotec Therapeutics Recognizes National Latino AIDS Awareness Day With Information and Insights for the Latino Community 2Health News:Tibotec Therapeutics Recognizes National Latino AIDS Awareness Day With Information and Insights for the Latino Community 3Health News:Tibotec Therapeutics Recognizes National Latino AIDS Awareness Day With Information and Insights for the Latino Community 4Health News:Tibotec Therapeutics Recognizes National Latino AIDS Awareness Day With Information and Insights for the Latino Community 5Health News:Tibotec Therapeutics Recognizes National Latino AIDS Awareness Day With Information and Insights for the Latino Community 6Health News:Tibotec Therapeutics Recognizes National Latino AIDS Awareness Day With Information and Insights for the Latino Community 7Health News:NFL, National Dairy Council Take Aim at Childhood Obesity With Fuel Up to Play 60 2Health News:NFL, National Dairy Council Take Aim at Childhood Obesity With Fuel Up to Play 60 3Health News:NFL, National Dairy Council Take Aim at Childhood Obesity With Fuel Up to Play 60 4Health News:NFL, National Dairy Council Take Aim at Childhood Obesity With Fuel Up to Play 60 5Health News:Managing Myeloma Website Announces Fellow Scholarship Program to Attend and Report on Annual American Society of Hematology in New Orleans 2
20 g MVR knife. Dimensions: 31.8 mm x 1.18 mm x 2.7 mm....
Full Handle Laseredge Spoon Blade Knife, 3.0 mm angled double bevel. Blade dimension: 11.0 mm (L) x 3.0 mm (W). Cut: 320....
Full Handle Laseredge Slit Blade Knife, 3.2 mm angled double bevel. Blade tip dimension: 14.4 mm x 3.2 mm x 4.0 mm....
Full Handle Laseredge Slit Blade Knife, 3.0 mm angled bevel up. Blade tip dimension: 14.4 mm x 3.0 mm x 3.7 mm....
Medicine Products: