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A Massachusetts medical device startup said Tuesday it has raised $43.9 million in venture capital to advance its lead product, a minimally invasive shunt to relieve fluid that can build up in the brain as a result of a neurological condition.

Newton-based CereVasc raised the money to fund a clinical trial of its experimental device, the eShunt System. The firm, which was founded in 2014 and has seven employees, plans to begin enrolling volunteers for the trial in the second half of the year.

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