TechniScan Medical Systems Completes Latest Round of Financing

TechniScan Medical Systems (TMS), a Salt Lake City-based developer of ultrasound technology for breast imaging, announced that it has successfully completed its latest round of financing. TMS CEO and President David Robinson commented, "TechniScan is very pleased to have worked together with the Maxim Group to raise $6.7 million in equity financing. The funds raised from this round are critical for our next clinical phase and will accelerate our 2005 timeline and the expansion of our staff."

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