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Pharma Capital

Nephros raises US$2.9mln; puts listing on national exchange in its sights

Nephros, Inc (OTCQB:NEPH) CFO Andy Astor tells Proactive Investors the medical-device company is taking in a US$2.9mln private placement.

Astor says the money will be used to shore up the company's balance sheet, potentially getting it to the point where it can up-list to a national exchange, as well as manage growth, increase inventory, and possibly pursue strategic opportunities.


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