IH Systems to Introduce Robot to Fill IV Syringes and Bags

October 31, 2007 - Medical device company Intelligent Hospital Systems said today it secured $7.6 million of equity and debt financing to support the North American market introduction of the company’s RIVA (Robotic Intra Venous Automation) system - a self-contained unit for filling IV syringes and bags.

The device will be marketed to hospital pharmacies.

BDC Venture Capital took the lead with a $3 million investment. Other investors include the Western Life Sciences Venture Fund (WLS) with an investment of $1 million, and a group of investors assembled by Wellington West Capital, who together invested $1.1 million.

For more information: www.intelligenthospitals.com