A Medical Device Daily

Lusora Healthcare Systems (San Francisco), a wireless personal and home health security company, reported closing two private placements for proceeds of $700,000.

Each unit consists of one share of the company common stock and one common stock purchase warrant exercisable for the purchase of an additional share of common stock.

The $700,000 equity financing will be used to fund the company’s ongoing product development, production, and marketing activities and for general working capital purposes, it said.

“The successful closing of this financing is an important step towards establishing a market for Lusora’s primary Healthcare Security solution – LISA [Lusora Intelligent Sensory Architecture]. The majority of this financing is earmarked for market development of our wireless healthcare security products and solutions,” said Dan Bauer, president and CEO of Lusora Healthcare Systems.

Lusora is a publicly traded wireless security company. Lusora Healthcare Systems is focused on wireless security applications primarily within the healthcare industry. Its first product suite, named LISA, is focused on a monitoring system for elderly persons.

The system is designed to protect the independent lifestyle of elderly persons while enabling relatives and professional caregivers to stay in constant contact.

MDD releases new report on orthopedics market

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