Report: Medical-device makers raised $366M in venture funding in Q1

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Medical-device companies secured $366 million in venture financing during the first three months of 2009 as the economic recession pressures hospitals to postpone the purchasing of medical equipment, according to a report by Ernst & Young. Although the sector is facing the effects of the downturn, “it’s positioned to weather a recession better than other industries,” said an Ernst & Young official. Boston Globe, The (05/05)

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