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Stock impact report

VitalConnect reels in $100m investment to expand patient monitoring products [Yahoo! Finance]

Trinity Capital Inc. (TRIN) 
Company Research Source: Yahoo! Finance
The US company stated that it would use the funds to expand the commercial presence of its biosensor and remote patient monitoring offerings. VitalConnect's portfolio includes VitalPatch RTM, a wearable biosensor for the remote monitoring of up to 21 different cardiac arrhythmias and vital signs including respiratory rate and body temperature; and VitalConnect Solution, a platform for the remote monitoring of key vital signs for home use or in hospital settings. The equity financing portion of the funding tranche was led by new investor Ally Bridge Group, with participation from existing VitalConnect investors, including EW Healthcare Partners, MVM and Revelation Partners. Trinity Capital provided the debt financing. VitalConnect CEO Peter Van Haur commented: “Our best-in-class proprietary biosensor, coupled with the live streaming of eight vital signs and biometric parameters over a seven-day wear period, sets VitalConnect apart from the competition. “Additionally, we contin Show less Read more
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