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Axya Medical Announces Completion of $6.8 Million Financing

February 18, 2005

Axya Medical, a privately held medical device firm, announced that it has completed a $6.8 million private placement of preferred equity led by The Vertical Group of Summit, N.J. The Vertical Group is a venture capital firm that is focused on the fields of medical technology and biotechnology.

Business Wire (http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050216005918&newsLang=en)