Etel entrepreneur makes medical deal

Entrepreneur Sean Melly has made a multimillion euro investment in a new medical devices firm - his first investment since he sold his telecoms firm, Etel, for €100 million six months ago.

2nd June, 2007

Entrepreneur Sean Melly has made a multimillion euro investment in a new medical devices firm - his first investment since he sold his telecoms firm, Etel, for €100 million six months ago.

Melly has backed Vasorum, a Dublin company that has invented an implant to close arteries after cardiac surgery.

The company was founded by vascular surgeon Jim Coleman and Christy Cummins, who previously founded and sold two other medical device firms.

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