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IRM, Inc., a Synecor LLC Portfolio Company, Raises $15.1 Million in Series A Financing

IRM, Inc. is the synergistic result of our focus on major unmet patient clinical needs, market opportunity, and innovative medical device technology.

Richard S. Stack MD, Managing Director of Synecor, LLC

Research Triangle Park, NC – December 18, 2003 – IRM, Inc., an early stage cardiology company dedicated to the management of patients with cardiac arrhythmias and heart failure, announced that it has raised $15.1 Million in Series A Financing. Headquartered in Research Triangle Park, North Carolina, IRM, Inc. will utilize the proceeds to establish and expand its operations. The financing was led by Delphi Ventures and Frazier Healthcare.

IRM was founded in 2003 and incubated by Synecor LLC in the field of cardiac electrophysiology. Synecor, LLC is an accelerator of innovative medical technology with offices located in Research Triangle Park, NC, Portola Valley, CA, and Santa Rosa, CA. SyneCor has assembled significant scientific, financial, and corporate partnerships that participate in the SyneCor incubation model. For more information about Synecor LLC, please visit their website: www.synecor.com.

About Delphi Ventures: Delphi Ventures is a private venture capital firm providing equity financing and supportive business expertise to young biomedical and healthcare companies. Its goal is to contribute added value to the companies it funds by serving as active investors. For more information about Delphi Ventures, please visit the web site at www.delphiventures.com.

About Frazier Healthcare: Frazier Healthcare Ventures, with over $750 million under management, is one of the nation’s premiere providers of early stage venture capital and growth equity to biotech, medical device and other healthcare companies. Established in 1991, Frazier Healthcare has invested in more than 60 emerging healthcare companies and has amassed one of the largest and most domain-experienced, private-equity healthcare investment teams within the venture community. Frazier Healthcare Investment team members include seasoned clinical, scientific, operational and financial professionals who collaborate with entrepreneurs every step of the way. For more information about Frazier Healthcare, please visit the web site at www.frazierco.com.