Chapel Hill-based 410 Medical Innovation raises $2.2 million

A Chapel Hill, North Carolina-based health care company has raised $2.2 million in a private stock placement.

The offering aimed to raise $2.5 million, but over $250,000 remains unsold, according to a Securities and Exchange Commission filing.

410 Medical Innovation LLC filed the Form D on Sept. 6. The organization, founded in 2013, did not disclose what it intended to do with the proceeds.

The small, privately held company developed a simple solution that allows a health care provider to rapidly deliver fluid to critically ill patients. Sepsis, which arises when the body’s response to infection injures its own tissues and organs, is the most frequent cause of death to hospitalized patients and the leading killer of children worldwide.

410 Medical Innovation’s solution is intended to allow providers to deliver fluid quickly and efficiently to improve patient care.

Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism