Medcomtech, S.A. announced that it expects to receive €4.5 million in funding
April 10, 2017
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Medcomtech, S.A. (BME:MED) announced a private placement of shares for gross proceeds of €4.5 million on April 11, 2017. The transaction has been approved by the board of directors of the company. The transaction is subject to approval from shareholders of the company.
Medcom Tech SA is a Spain-based company primarily engaged in the distribution and wholesale of technologically advanced products in the areas of Orthopedics, Biologicals, Traumatology and Neurosurgery in Spain, Portugal and Italy. The Company comprises of four departments: Department of Goods, Department of medical professionals, Department of Administration and Logistics and Department of Finance. The product range offered by the Company includes devices treating spine disorders (Dervical, Dorsal of Lumbar pathologies), thousands of patented prosthetic implants for surgery, implants used to synthesize fractures, prosthetic implants for upper limb and foot, as well as medical instruments and precision accessories, among others. The Company also has a license to distribute the patents of such companies as United Ortopedic Corporation, K2M, Bone Support, PAN Medical Ltd, Ranier Technology Ltd, Ascencion Orthopedics and Extremity Medical LLC, among others.
MEDCOMTECH, S.A. 
