St. Paul, MN – According to filings with the U.S. Securities and Exchange Commission, Phraxis is raising $4,500,000.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, James Hickey played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Phraxis
Phraxis is an early stage medical device company developing a new vascular access device for hemodialysis patients. Vascular access has been termed the Achiles Heel of dialysis since complications with conventional access methods add to patient morbidity and mortality. Phraxis is attempting to develop an easily implanted device that provides immediate access for dialysis and reduces the number and severity of complications.

To learn more about Phraxis, visit http://www.phraxis.com/

Contact:
James Hickey, President and Chief Executive Officer
866-673-1011

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