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Cardima completes $3 million placement:

Cardima, which is in phase III clinical trials of its REVELATION Tx ablation microcatheter to control atrial fibrillation, has completed a private placement of 2.8 million shares, for $3.8 million. The shares went to institutional and other investors in the US. The company says that the funding round will be sufficient for completion of the REVELATION Tx trials.

Cardima, which is in phase III clinical trials of its REVELATION Tx ablation microcatheter to control atrial fibrillation, has completed a private placement of 2.8 million shares, for $3.8 million. The shares went to institutional and other investors in the US. The company says that the funding round will be sufficient for completion of the REVELATION Tx trials.

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