Navigation Links
Tryton Medical, Inc. Closes $14 Million Financing
Date:3/31/2008

NEWTON, Mass., March 31 /PRNewswire/ -- Tryton Medical, Inc., the leading developer of stents designed for the definitive treatment of bifurcation lesions announced today that it has closed a $14 million Series C round of financing. Two new investors, PTV Sciences and RiverVest Venture Partners joined with Spray Venture Partners in the financing. Rick Anderson from PTV and Jay Schmelter from RiverVest have been appointed to the Tryton Board of Directors.

"Bifurcation lesions are an important opportunity in the stent marketplace. We have reviewed all the technology approaches in development. The ease-of-use, superb clinical results, and commercialization strategy, position's Tryton to make a real impact on this important clinical need", said Rick Anderson, Managing Director of PTV Sciences, and former Company Group Chairman, Cordis Corporation.

"We are very pleased to have completed this financing with the addition of PTV and RiverVest," stated Dan Cole, Co-Founder and Board Member of Tryton and General Partner of Spray Venture Partners. "This capital will allow Tryton to advance its leadership position with aggressive execution of its European commercialization strategy and clinical trial plans in the U.S."

The Tryton Side-Branch Stent is a high-performance cobalt chromium balloon expandable stent, which marries with approved drug eluting stents to definitively treat the entire spectrum of coronary artery bifurcation lesions. Bifurcation lesions account for approximately 20% of 2.2 million angioplasty procedures performed each year. Results from the Tryton I (First-In-Man) Study demonstrated Tryton's ease of use and unprecedented long term results (3% Target Lesion Revascularization, Side Branch Late Loss 0.12 plus or minus 0.47 mm and NO side branch failures). Based on the strength of these results, Tryton recently received CE mark, establishing its leadership position with the first stent commercially available for bifurcation lesions.

Information on PTV Sciences

PTV Sciences (http://www.ptvsciences.com), founded in 2003, is a leading life and materials sciences venture capital fund focused on building industry leading companies and investing in extraordinary people. PTV Sciences has a team of investment professionals and 13 venture partners representing the leading clinicians, scientists, academic institutions and entrepreneurs. PTV Sciences has offices in Austin and Houston, Texas.

Information on RiverVest Venture Partners:

RiverVest Venture Partners (http://www.rivervest.com) is a venture capital firm investing in emerging medical device, biopharmaceutical and other healthcare venture opportunities. RiverVest applies both its capital and its team's diverse range of expertise to create and grow successful enterprises that address unmet medical needs in major markets.

Information on Spray Venture Partners:

Since 1996, Spray (http://www.spraypartners.com) has provided capital and management experience to the formation, financing, and strategic growth of many early-stage medical technology companies throughout the United States. The firm works closely with clinical and technical founders to create companies that develop, market and deploy innovative technologies that meet significant unmet healthcare needs.

Information on Tryton Medical, Inc.

Tryton Medical, Inc. was founded in 2003 by Aaron V. Kaplan, M.D. (Associate Professor of Medicine at Dartmouth Medical School/Dartmouth- Hitchcock Medical Center) along with Dan Cole to develop stents for the definitive treatment of bifurcation lesions. Tryton is based in Newton, MA with work coordinated by H. Richard Davis (Chief Technical Officer). More information regarding Tryton can be found at http://www.trytonmedical.com or by contacting Richard Davis (hrdavis@trytonmedical.com).


'/>"/>
SOURCE Tryton Medical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. Tryton Medical Receives CE Mark Approval for its Side-Branch Stent
2. SBT Acquisition Inc. Successfully Completes Tender Offer for Shares of Lifecore Biomedical, Inc.
3. Arobella Medical, LLC Launches Qoustic Wound Therapy System(TM)
4. Tutogen Medical, Inc. Reports First Quarter Fiscal 2008 Financial Results
5. Nonin Medical, Inc. Receives Frost & Sullivans 2007 Award for Product Differentiation Innovation
6. Tutogen Medical, Inc. Reports Year-End Fiscal 2007 Financial Results
7. Tutogen Medical, Inc. to Report Fourth Quarter and Fiscal Year 2007 Financial Results
8. Tutogen Medical, Inc. and Zimmer Holdings, Inc. Announce Agreement for International Distribution of Biological Products
9. Tutogen Medical, Inc. to Present at the Roth Capital Partners 2007 New York Conference
10. CryoLife Closes on $15 Million Credit Facility with GE Healthcare Financial Services
11. AssureRx Closes Round of Funding to Commercialize Pharmacogenetic Test
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2017)... ... June 27, 2017 , ... According to a recent report ... do not have negative short- or long-term effects on benthic communities. , ... (PCBs) located at the Puget Sound Naval Shipyard & Intermediate Maintenance Facility in ...
(Date:6/26/2017)... ... 26, 2017 , ... The Workgroup for Electronic Data Interchange (WEDI) , ... in healthcare information exchange and a statutory advisor to the U.S. Department of Health ... Office of the National Coordinator for Health Information Technology, will deliver the keynote at ...
(Date:6/23/2017)... ... June 23, 2017 , ... ... all six of their healthcare job boards. As the largest network of ... therapists, and biotechnicians, DocCafe.com and the MedJobCafe.com Health Network work to match ...
(Date:6/22/2017)... Germany (PRWEB) , ... June 22, 2017 , ... ... is taking over the allergy specialists DST Diagnostische Systeme & Technologien GmbH, thereby ... all know someone who suffers from hay fever, urticaria, asthma, atopic eczema or ...
Breaking Biology Technology:
(Date:5/16/2017)... , May 16, 2017   Bridge ... health organizations, and MD EMR Systems , ... development partner for GE, have established a partnership ... Portal product and the GE Centricity™ products, including ... EMR. These new integrations will ...
(Date:4/24/2017)... Janice Kephart , former 9/11 ... Partners, LLP (IdSP) , today issues the following ... March 6, 2017 Executive Order: Protecting the ... be instilled with greater confidence, enabling the reactivation ... applications are suspended by until at least July ...
(Date:4/18/2017)... 2017  Socionext Inc., a global expert in SoC-based imaging and ... the M820, which features the company,s hybrid codec technology. A demonstration ... Probe, Inc., will be showcased during the upcoming Medtec Japan at ... the Las Vegas Convention Center April 24-27. ... Click here for an ...
Breaking Biology News(10 mins):