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Funding moves Conor closer to drug-eluting stent sector

Conor Medsystems is to use a $10m cash boost to accelerate its efforts to enter the drug delivery device sector with its first product - a drug-eluting coronary stent.

Conor Medsystems is to use a $10m cash boost to accelerate its efforts to enter the drug delivery device sector with its first product - a drug-eluting coronary stent.

The Palo Alto, California company, which received the funding from new and existing investors, told Clinica that the firm could be ready to start human trials of the stent in Europe later this year or in early 2003

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