Navigation Links
PEAK Surgical, Inc. Closes $21 Million Series C Financing
Date:2/4/2008

- Joyce Erony Joins Board of Directors -

PALO ALTO, Calif., Feb. 4 /PRNewswire/ -- PEAK Surgical, Inc., a medical device company that is developing a new category of tissue dissection systems based on a proprietary technology, today announced that it has raised $21 million in a Series C financing led by new investor Signet Healthcare Partners. The company also announced that Joyce Erony, managing director of Signet Healthcare Associates, has joined PEAK Surgical's board of directors. Existing investors Lehman Brothers and Venrock Associates also participated in this financing round.

"The size, valuation and timing of this financing validates the progress we have made in advancing our pulsed plasma technology and developing our flagship product, the PEAK Surgery System," said John Tighe, president and chief executive officer of PEAK Surgical. "This financing allows us to aggressively pursue the development plan and commercialization efforts for our PEAK Surgery System, which we believe represents a quantum leap over surgical instruments in use today and will revolutionize the way surgery is performed. We believe it may have applications in more than 2 million surgical procedures."

The PEAK(TM) Surgery System includes the PEAK PlasmaBlade(TM), a disposable cutting tool that offers the exacting control of a scalpel and the bleeding control of traditional electrosurgery without the extensive collateral damage. PEAK Surgical has filed a pre-market notification (510k) with the U.S. Food and Drug Administration (FDA) for the PEAK Surgery System. The company also has started setting up manufacturing for the PEAK PlasmaBlade and is establishing a national sales force to distribute the device once the 510k has been cleared by the FDA.

"PEAK Surgical has the financial foundation, management team and technology platform in place to ensure rapid development of its next-generation tissue dissection system," Erony said. "We believe PEAK Surgical's pulsed plasma technology has broad applicability across numerous surgical fields and that the PEAK PlasmaBlade may offer a new alternative for surgeons to provide better outcomes for their patients, including reduced scarring and faster recovery."

PEAK Surgical has raised more than $29 million to date in three rounds of private financing.

About PEAK Surgical, Inc.

PEAK Surgical, Inc. is a medical device company that is developing a new category of tissue dissection systems based on a proprietary technology. PEAK's flagship product in development, the PEAK(TM) Surgery System, combines the PULSAR(TM) Generator, which supplies unrivaled pulsed plasma radiofrequency energy, with the PEAK PlasmaBlade(TM), a disposable cutting tool that offers the exacting control of a scalpel and the bleeding control of traditional electrosurgery without the extensive collateral damage. The company is exploring the applicability of this technology across numerous surgical fields, including general, cardiac, gynecologic, plastic and neuro surgery. For more information, please visit http://www.peaksurgical.com.


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

Related medicine news :

1. Ascension Orthopedics Closes $21 Million Financing and Recruits an Orthopedics Industry Veteran as CEO
2. Synergy Life Science Partners Closes $143M Debut Medical Device Fund
3. MM2 Group Closes Sale for New Fish Oil Product
4. NutraDyne, Inc. Closes Amended Exchange Agreement With Changchun Yongxin Dirui Medical Co., Ltd.
5. MM2 Group Closes $1.1 Million Sale
6. Danaher Closes Subsequent Offering Period for Tektronix; Acquires Over 90% of TEK Shares
7. BCP Veterinary Pharmacy Helps Cure Diabetic Cats with BCP PZI(R), the Closest Match to Feline Insulin Available
8. NovaBay Pharmaceuticals Closes Initial Public Offering of Common Stock
9. Pfizer Closes La Jolla Campus Due to Continuing Fire Emergency
10. Nexia Closes Acquisition of Green Endeavors; Landis Salons On Track to Generate Revenues of $2.2 Million in 2007
11. MediKeeper Closes Series A Financing Round with PacifiCap as Lead Investor
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/10/2016)... ... February 10, 2016 , ... Intalere’s 2016 Executive Forum, taking ... of the country’s top healthcare executives to share insights on transformational strategies to ... Forum is the provider-centric perspective, experience, expertise and strategy shared by the participants,” ...
(Date:2/10/2016)... MA (PRWEB) , ... February 10, 2016 , ... Gout ... switch, and brings pain that is often severe, with intense swelling and redness. It ... than eight million people, but older adults are the most susceptible, according to the ...
(Date:2/10/2016)... ... ... Armune BioScience signed a definitive agreement with ARCpoint Labs ... country. Launched in April of 2015, Apifiny is the only cancer specific, non-PSA blood ... exceeded 3,000 tests in 2015. Primary care physicians and urologists have utilized Apifiny to ...
(Date:2/10/2016)... ... February 10, 2016 , ... Pediatric ... in their patients. Research shows that the Goal Attainment Scale (GAS) captures 20% ... this challenge and learn more about the Goal Attainment Scale, Education Resources Inc. ...
(Date:2/10/2016)... ... February 10, 2016 , ... A ... Safety Congress and Expo event March 9-11, 2016. Hosted by Ohio's Bureau of ... , As the longest running and largest worker's compensation event in Ohio, ...
Breaking Medicine News(10 mins):
(Date:2/10/2016)... LONDON , February 10, 2016 ... 2016, which will be held at Victoria Park Plaza in ... host an informative seminar on technology and future advances for ... seminar, led by Lorna Graham , associate director of ... technology to keep up with new regulations and standards in ...
(Date:2/10/2016)... ATLANTA , Feb. 10, 2016  LexisNexis® ... and technology, today announced the launch of ... analytics solution that helps improve and optimize the ... evaluation of performance using severity-adjusted scores. By measuring ... a critical solution to deliver better outcomes, improve ...
(Date:2/10/2016)... SAN DIEGO , Feb. 10, 2016 ... biopharmaceutical company developing novel, clinical-stage therapies for sickle cell ... an underwritten public offering of 29,090,910 units at a ... unit consists of one share of the Company,s common ... the Company,s common stock at an exercise price of ...
Breaking Medicine Technology: