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Calibra Medical (formerly Seattle Medical Technologies) brought in $35mm via its Series B financing led by first-time backer Canaan Partners. Other new investors Intersouth Partners and Skyline Ventures were joined by returning shareholders Frazier Healthcare Ventures and Three Arch Partners. The company will use the money for the anticipated 2009 launch of its easy-to-use insulin delivery device. Calibra has raised about $46mm since its formation in 2004. A member of Canaan and Skyline will join the board, with a representative from Skyline serving as a board observer.
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