Navigation Links
PhotoThera Closes $50 Million Financing, Announces New President and Chief Executive Officer
Date:4/30/2009

PREPARES FOR LAUNCH OF 'NEST-3' ACUTE ISCHEMIC STROKE CLINICAL TRIAL

CARLSBAD, Calif., April 30 /PRNewswire/ -- PhotoThera, Inc., the developer of transcranial laser therapy (TLT) designed for the treatment of acute ischemic stroke within 24 hours of stroke onset, announced today that it has closed a $50 million Series D round of financing led by Warburg Pincus, a leading global private equity firm, to fund a planned follow-on phase III 'NEST-3' (NeuroThera(R) Effectiveness and Safety Trial) clinical study. The Company previously announced that NEST-3 would build upon the results of its NEST-2 trial, which revealed a statistically significant treatment effect for patients with moderate to moderately severe ischemic strokes using a post-hoc data analysis.

In addition to Warburg Pincus, participating investors include The Vertical Group L.P., Hamilton BioVentures, Delphi Ventures, DeNovo Ventures, and certain individual members of Monterey Advisors, Inc.

PhotoThera also announced that Arthur T. Taylor, former Chief Operating Officer of Kyphon Inc., has been appointed as President and Chief Executive Officer. Taylor succeeds Thomas C. Wilder III who has decided to pursue other opportunities after successfully securing the Series D funding and serving as the Company's President and Chief Executive Officer since April 2006.

"I am very excited about the opportunity to lead PhotoThera during this critical period of building the clinical evidence to support use of our TLT technology in treating acute ischemic stroke patients," said Taylor.

Taylor most recently served as Vice President and General Manager for the Kyphon Products, Spinal & Biologics Business of Medtronic, Inc. Prior to Medtronic's acquisition of Kyphon in late 2007, Taylor served as Kyphon's Chief Operating Officer from 2006, and as Chief Financial Officer from 2004 through 2006. Prior to his Kyphon tenure, Tay
'/>"/>

SOURCE PhotoThera, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. ProAssurance Closes PICA Transaction
2. Conseco Closes Amendment to Credit Facility
3. ReGear Life Sciences Closes $2.5 Million in Series A Financing Following $1M Investment by Stonewood Capital Management, Inc.
4. GetWellNetwork Closes $10 Million Financing, Eight Hospitals Choose PatientLife System(R) for Unparalleled Patient Care
5. Access Pharmaceuticals Closes Acquisition of MacroChem Corp.
6. Hard To Treat Diseases (HTDS) Closes Acquisition of Mellow Hope, China
7. MassMutual Breast Cancer Awareness Campaign Closes with Six-Figure Donation, Greater Understanding of Importance of Financial Preparedness
8. Noteworthy Medical Systems, Inc. Secures Capital from Top European eHealth Provider and Closes on Merger with Strategic Partner
9. Patient Safety Technologies Closes $2.55 Million Financing
10. Summer Street Research Partners Closes Two More Healthcare Company Financings
11. Acclarent, Inc. Closes $26 Million Financing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/29/2015)... ... August 29, 2015 , ... Dr. Tim Novelli, DC., Founder and President ... to increase acceptance of the chiropractic field in the military. All too often VA ... Although Chiropractic was made available to the VA program over a decade ago, the ...
(Date:8/29/2015)... ... ... ProDrop Particles includes over 40 particle backdrops designed for use in ... users can shrink and stretch in the Final Cut Pro X timeline. Choose from ... scale, speed, range, and flare attributes with intuitive controls found in the top-right inspector ...
(Date:8/29/2015)... ... 29, 2015 , ... The popular television program VOICES IN AMERICA, hosted by ... will be devoting an entire short segment to the subject of diabetes. Diabetes is ... on a daily basis, but recent advancements in medical science may prove to be ...
(Date:8/28/2015)... ... August 28, 2015 , ... Joining a growing number ... recently transitioned management companies to partner with Wound Care Advantage (WCA) to utilize ... center. , Transitioning wound care management providers can be a complex undertaking. ...
(Date:8/28/2015)... ... 28, 2015 , ... The Kentucky State Department of Workforce Investment Commissioner Beth ... are applying for, they are unable to pass the initial drug test and therefore ... policies in order to be able to hire long-term, skilled talent. (1) Will Wesch, ...
Breaking Medicine News(10 mins):Health News:The Patriot Project brings Chiropractic Care to the Armed Forces and their Families - Rapid Release Technology Joins the Effort to Recruit more Doctors to Pledge 2Health News:FCPX Effects Developer, Pixel Film Studios, Releases ProDrop Particles. 2Health News:Decatur County Memorial Hospital Transitions Wound Center Management To Wound Care Advantage and the Luvo Operating System 2Health News:Decatur County Memorial Hospital Transitions Wound Center Management To Wound Care Advantage and the Luvo Operating System 3Health News:Decatur County Memorial Hospital Transitions Wound Center Management To Wound Care Advantage and the Luvo Operating System 4Health News:Hiring Obstacles: Drug Abuse a Problem for Workforce 2Health News:Hiring Obstacles: Drug Abuse a Problem for Workforce 3Health News:Hiring Obstacles: Drug Abuse a Problem for Workforce 4
... red wine drinkers have increased HDL cholesterol, commonly referred ... light on why red wine is believed to be ... cholesterol levels between 40 men who drink every now ... who are heavy drinkers. As alcohol consumption shot up, ...
... your blood clot properly.It is so important that all newborns ... The vitamin is found most commonly in leafy green vegetables ... not have bacteria established, they need supplemental vitamin K. ... 90 micrograms for women was set. Because no adverse ...
... can change easily worn muscle fibres into energy-producing muscle ... at Harvard Medical School discovered a protein in muscle ... Texas, they reveal that the protein has the power ... types of muscle fibre. Type II is the easily-fatigued ...
... be possible to increase the supply of lungs for transplant.There ... San Francisco and Nashville have been looking at the supply ... cent of lungs are rejected. That's a very high number. ... ,The researchers checked 30 pairs of lungs that had been ...
... Illinois, confirmed that a compound modelled on a substance ... Previous research has suggested that sulforaphane,// which occurs in ... does so by increasing the level of detoxifying enzymes ... toxic to cells so it may not be a ...
... to researchers from Northwestern Medical School, an injectable gel ... and neck. Head and neck squamous cell carcinoma affects ... cisplatin has been shown to be an effective therapy ... the entire body when given through an IV, it ...
Cached Medicine News:
(Date:8/28/2015)... HONG KONG , August 28, 2015 ... Gero in collaboration with one of the leading academics ... Reis (current world record holder in life extension for ... new insights into biology of aging and age-related diseases, primarily, ... networks. The work has just been published as "Stability analysis ...
(Date:8/28/2015)... and PITTSBURGH , Aug. 28, ... today announced that its shareholders have approved Mylan,s ... PRGO ; TASE) and the related issuance of ... extraordinary general meeting of shareholders held today. The ... at the extraordinary general meeting. In addition, the ...
(Date:8/28/2015)... SAN FRANCISCO , August 28, 2015 ... is expected to reach USD 49.12 billion by 2020, ... 2020, according to a new report by Grand View ... an estimated CAGR of 49.7% from 2014 to 2020. ... Growing aging population along with rising incidences of ...
Breaking Medicine Technology:Gero: Physics Meets Biology to Help Defeat Aging 2Gero: Physics Meets Biology to Help Defeat Aging 3Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 2Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 3Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 4Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 5Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 6Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 7Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 8Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 9mHealth Market is Expected to Reach $49.12 Billion By 2020: Grand View Research, Inc. 2mHealth Market is Expected to Reach $49.12 Billion By 2020: Grand View Research, Inc. 3mHealth Market is Expected to Reach $49.12 Billion By 2020: Grand View Research, Inc. 4mHealth Market is Expected to Reach $49.12 Billion By 2020: Grand View Research, Inc. 5
Forceps, pointed, short jaws, suitable for epilation....
1 mm x 6 mm oval hole....
Bayonet forceps....
Gerald bayonet forceps. Insulated....
Medicine Products: