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Calypso captures $44 million in venture capital

Seattle-based Calypso Medical Technologies http://www.calypsomedical.com/ has raised $44 million in venture capital, making it the largest amount raised by a Washington-based company in more than a year.

The previous high came in April 2004, when Seattle-based Corus Pharma, which is developing drugs for cystic fibrosis and severe asthma, raised $65 million, according to VentureOne, a San Francisco-based research firm.

Calypso Medical is developing an implantable sensor that pinpoints the location of tumors before the patient receives radiation. The sensors are tracked by a system also being built by Calypso.

The company said more than 1 million patients receive radiation treatment in the U.S. every year.

By Tricia Duryee

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2002294520_calypso01.html

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