Healthcare & Existence Sciences Private Equity Finance Deal Tracker: Shockwave Medical Safeguards $40 Million in Financing

Healthcare & Existence Sciences Private Equity Finance Deal Tracker: Shockwave Medical Safeguards $40 Million in Financing
by

Healthcare & Existence Sciences Private Equity Finance Deal Tracker: Shockwave Medical Safeguards $40 Million in Financing

Shockwave Medical has announced it’s guaranteed $40 million in funding.

Shockwave Medical, located in Fremont, Calif., develops technology to treat peripheral and coronary vascular disease and aortic stenosis. It’s the developer of Lithoplasty balloon catheters.

The funding round was co-brought by coming back investor Sofinnova Partners and new investor Venrock, using the participation of RA Capital, Deerfield, Sectoral Asset Management, Ally Bridge Group and 2 undisclosed large-cap investors.

Shockwave Medical indicated the funding could be put toward the introduction of the Lithoplasty system. The organization states the Lithoplasty group of balloon dilatation catheters incorporate lithotripsy electrodes concerned with the compliance of rigid vascular and valvular lesions just before low-pressure dilation, which is supposed to limit injuries to healthy tissue and overcome limitations of current revascularization technologies.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *