Tampa medtech company raises $6 million from local investors

    0
    140

    A Tampa-based medtech company with a focus on chronic lung diseases has received $6 million.

    H-CYTE Inc. received the funding from a group including philanthropists and Tampa natives Rex Farrior and Preston Farrior, as well as Todd Wagner, the co-founder of Broadcast.com. The investment is in the form of preferred stock which may be converted into shares of common stock at a fixed price in excess of the current market, at approximately $.41 per share.