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Cariescan raises £750,000 in funds
CARIESCAN, the dental technology group formed out of collapsed university spinout Idmos, has raised £750,000, its second fundraising this year.
The Dundee-based company said the cash, raised from existing shareholders including Scottish Enterprise, would be used for research and marketing investment.
Chief executive Graham Lay said Cariescan's first product, which it claims measures tooth decay more accurately than X-rays, is now on sale in the UK, while a distribution agreement for Canada is imminent. Lay said the cash should take the company to profitability.
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Friday 25 May 2012
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