The local market is set for modest losses after US tech stocks fell hard overnight. : Medtech 4DMedical has added a $40 million capital raise to the close to $30 million grant the company received from the Medical Research Future Fund this week to build a first-of-its-kind lung tracking device. The respiratory health company, which listed on the ASX last year at 73c, announced on Thursday morning it had raised $40 million from issuing 25.8 million shares to institutional investors at $1.55 each.