April 19, 2011 / 8:50 PM / in 7 years

UPDATE 1-NMT Medical says to liquidate assets

* Fires all employees

* Says failed to get financing (Follows alerts)

April 19 (Reuters) - Heart device maker NMT Medical Inc said it will discontinue operations and liquidate assets after it failed to raise additional capital.

The Boston, Masachusetts-based company also said it has fired all its employees.

Last year, the company suffered a setback when its device to prevent stroke in patients with a congenital heart condition failed to meet its main goal of a late-stage trial. [ID: nSGE65G0HX] (Reporting by Kavyanjali Kaushik in Bangalore; Editing by Don Sebastian)

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