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University of Rochester spin-off secures $2 million in funding

perienced management team the formula for success."

The core technology of the company was developed by the University's Heart Research Follow-up Program. The program, funded in part by the National Institutes of Health, is an international leader in the science of heart arrhythmias and a rare genetic condition associated with an abnormal QT interval, called the congenital Long QT Syndrome (LQTS).

"The formation and success of iCardiac is a perfect example of how medical research at the University of Rochester Medical Center can serve as a catalyst for regional economic growth," said Bradford Berk, M.D., Ph.D., CEO of the University of Rochester Medical Center.

Mikael Totterman, chief executive officer of iCardiac Technologies, said the company is now well positioned to serve its pharmaceutical customers and partners, as well as to expand its sales and research efforts.

"We are extremely pleased with the results of the financing efforts and appreciate the strong validation of our business direction from the financial community," Totterman said.


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Contact: Mark Michaud
mark_michaud@urmc.rochester.edu
585-273-4790
University of Rochester Medical Center
6-Oct-2006


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