Oregon medical device company raises $3.8 million

Medical supply company Clear Catheter Systems Inc. has raised another $3.75 million, according to a new filing with the Securities and Exchange Commission.

The company makes chest catheters that are used after heart surgery. The technology helps prevent problems from blood clots, which are common after cardiac procedures.

A Clear Catheter executive did not immediately return a call for comment. Such SEC filings sometimes give an incomplete picture of a fundraising round.

The Bend company has raised equity from investors several times, including a $4 million round in 2011 and a $1.2 million round led by the Oregon Angel Fund in 2010.

Clear Catheter’s product won federal approval in 2010.

“This device has the potential to help minimize the risk of surgery, avoid complications and reduce the cost of care for patients recovering from heart surgery,” said then-CEO Edward Boyle said at the time.

Boyle is now the company’s chairman.


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