Navigation Links
BridgePoint Medical Closes $9.1 Million Series C Financing
Date:3/10/2011

MINNEAPOLIS, March 10, 2011 /PRNewswire/ -- BridgePoint Medical, Inc., a private company developing innovative and proprietary technology in the field of interventional cardiology for crossing coronary and peripheral chronic total occlusions (CTO), announced today that it has completed its third round of financing earlier this year, totaling $9.1 million.  The round was lead by a new strategic investor and joined by existing investors New Enterprise Associates, Polaris Venture Partners, Foundation Medical Partners and Michael Berman. 

Interventional cardiologists are currently unable to broadly treat patients with chronic total occlusions which comprise approximately one third of all patients with coronary artery disease and approximately one half of patients with peripheral artery disease. For these patients, the common alternative is bypass surgery or palliative care. In order to treat a CTO patient with minimally invasive therapy, a physician must first successfully cross the blockage and place a guidewire beyond the occlusion. BridgePoint Medical's CrossBoss™ Catheter and Stingray™ System are uniquely designed to facilitate guidewire placement and subsequent dilatation balloon or Drug Eluting Stent (DES) placement in this challenging anatomy.

"The inability to successfully deliver therapeutic tools severely limits patient options for CTO treatment today.  We believe that BridgePoint Medical has the technology and the team to address this challenge and the potential to reduce the need for highly invasive and expensive bypass surgery," said Andrew Firlik, General Partner, Foundation Medical Partners.

In September, 2010 the company completed the U.S. Facilitated Antegrade Steering Technique in Chronic Total Occlusions (FAST-CTOs) Study.  The study evaluated the ability of the CrossBoss™ Catheter and Stingray™ System to successfully and safely facilitate placement of a guidewire beyond a CTO in the vessel true lumen in cases that were otherwise refractory to treatment with a conventional guidewire. One hundred forty-seven patients were enrolled at 20 sites.  The company has filed a 510(k) with the FDA requesting market clearance for the indication of coronary CTO treatments in the U.S.  

The Series C financing will be used to enable marketing and sales efforts for BridgePoint's CrossBoss™ Catheter and Stingray™ System in the United States, Europe and Japan through the use of distributors and direct sales.  Additionally, BridgePoint Medical will be initiating a U.S. IDE study of the technologies in peripheral artery disease in the first half of 2011.

"The addition of a new investor combined with the continuing commitment of our present investors is a testament to the significant progress we have made in the development and investigation of our CrossBoss™ Catheter and Stingray™ System. This funding will enable us to accelerate growth through initiation of commercialization activities globally," stated Michael Berman of Berman Medical and Chairman of the BridgePoint Board of directors.

About BridgePoint Medical

BridgePoint Medical, Inc. is a privately held company established in 2006 to design, develop and commercialize new technologies and techniques to treat challenging coronary and peripheral artery disease. 


'/>"/>
SOURCE BridgePoint Medical, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. BridgePoint Medical(R) Receives European CE Mark for Stingray(R) and CrossBoss(TM) for Opening Completely Blocked Arteries
2. BridgePoint Medical®, Inc. Completes and Submits to FDA in the U.S. FAST-CTOs With the CrossBoss® and Stingray® CTO Recanalization System
3. Harvard Medical School-Partners HealthCare Center for Genetics and Genomics Successfully Completes Evaluation of AutoGenomics 2C9-VKORC1 Panel to Assess Warfarin Sensitivity
4. You May Have a Thyroid Problem and Not Know It - Particularly If Youre Over 60, Says a New Harvard Medical School Report
5. Harvard Medical School-Partners HealthCare Center for Genetics and Genomics Successfully Completes Evaluation of AutoGenomics 2C9-VKORC1 Panel to Assess Warfarin Sensitivity
6. Globus Medical Raises $110 Million in Series E Financing Round
7. Quark Pharmaceuticals Appoints New Chief Medical Officer
8. Boston University Biomedical Engineers Find Chink in Bacterias Armor
9. Rochester Medical Anti-Infection Foley Catheter Demonstrates Effectiveness in Randomized Trial
10. Rockwell Medical Technologies, Inc. Begins Patient Enrollment for its SFP Dose-Ranging Study
11. Flexible Medical Systems Raises $1.2M Seed Investment for Initial Human Trials
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/20/2017)... Texas , April 20, 2017  Vivify Health, ... mobile devices, has been awarded a very significant patent ... via EMRs to continual care via digital health.  This ... key intellectual property and further secures Vivify,s position as ... launched in 2009, was the first company to apply ...
(Date:4/20/2017)... WOONSOCKET, R.I. , April 20, 2017 /PRNewswire/ ... (NYSE: CVS), today unveiled a new store design ... new assortment of healthier food, health-focused products and ... the store to help customers discover new offerings. ... represent the next evolution of the customer experience ...
(Date:4/20/2017)... LUND, Sweden , April 20, 2017 /PRNewswire/ ... OTCQX: NEVPF) ("NeuroVive") today announced positive preclinical ... company,s preclinical compound for non-alcoholic steatohepatitis (NASH), ... NV556 has previously ... STAM™ NASH model. Today, NeuroVive,s scientists present ...
Breaking Medicine Technology:
(Date:4/27/2017)... ... April 27, 2017 , ... Today, Jefferson Health in Philadelphia ... announced an agreement to create the Jane and Leonard Korman Respiratory Institute in ... Leonard Korman Family Foundation. The collaboration leverages the strengths of each organization and ...
(Date:4/27/2017)... ... ... Healthcare companies are trying to meet talent shortages and find new ways to ... “If you’re a healthcare executive open to new opportunities this year you’re probably taking ... you are for a new job search. I’ve heard from countless job seekers in ...
(Date:4/27/2017)... ... 27, 2017 , ... The American Brain Foundation last night ... Neurology Award (PLINA). The couple joins a prestigious list of past PLINA winners, ... actor Michael J. Fox and former U.S. Attorney General Janet Reno. , Smith ...
(Date:4/27/2017)... ... 2017 , ... SyncDog, Inc. , the leading ISV ... 2017 in Santa Clara, California. Each year, MobileIron Live! assembles mobility innovators, ... maximize the benefits of mobility in their operations securely. MobileIron is ...
(Date:4/27/2017)... Malibu, CA (PRWEB) , ... April 27, 2017 , ... ... United States with an oil many times purer and more potent than the market ... mountain air of Gstaad, Switzerland, as well as a patented chromatography process for extraction, ...
Breaking Medicine News(10 mins):