Novate Medical to seek extra funding from investors

Novate Medical, a young Galway medical devices firm, is set to seek further funding this year from investors to complete "its development stage".

6th July, 2013

Novate Medical, a young Galway medical devices firm, is set to seek further funding this year from investors to complete "its development stage".

The company has previously raised €12 million from investors, including a €8.7 million funding round in 2011. The company's directors say they are confident that sufficient funding will be made available on acceptable terms.

However, the company has yet to record any revenues and is still at development stage. Accounts filed in recent...

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