Medisyn Gets $1.5 Million Shot in the Arm

Medisyn Technologies, a company that has fashioned a rapid drug-design and development process, has raised $1.5 million in bridge financing as it seeks to accelerate its own development. The funding round was led by an investment group assembled by Minneapolis financier Stan Baratz. Other participants included existing Medisyn investors Sherpa Partners, StarTec Investments, Andcor Cos. and Portage Capital. The Wayzata firm expects to officially close on the funding round at the end of the month.

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