Spiration Borrows $6.5M

Spiration, the Redmond, WA-based maker of devices for lung disease, has raised $6.5 million in debt and options from a single investor, according to a regulatory filing. The company borrowed $7 million last September from its partner, Olympus Medical Systems. Spiration’s IBV valve device is designed to cut off air flow to diseased parts of the lung, where air gets trapped in patients with emphysema.

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