MSP Mag: Tammy Lee’s New Xena Ventures Launches First Medical Device

When Tammy Lee signed on as CEO of Nanocore Corp. last May, ownership promised her funding to turn around the Red Wing-based manufacturer of wearable cooling therapeutic products. The money didn’t materialize, Lee says. And she quickly discovered the company’s shaky financial standing made it impossible for Lee—who completed a $34 million Series A capital raise when she was CEO of Recombinetics—to raise what Nanocore needed. She left in November after just six months. Soon, Lee says, the company moved out of its offices and all nine employees were laid off…

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