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Wednesday, Jul 1, 2026

Device Maker Raises $9M

Irvine medical device maker MiCardia Corp. said Thursday it raised $9 million in a second round of financing.

HBM Biocapital, a Switzerland-based fund, led the investment.

A couple of Orange County investors took part: MedFocus Family of Funds and the BioStar Private Equity Fund LLC.

MedFocus and BioStar are connected to Michael Henson, a longtime local device entrepreneur and investor. Henson is MiCardia’s chairman.

MiCardia plans to use the money to develop implantable devices to treat late-stage congestive heart failure and mitral heart valve disease.

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