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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
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SOURCE BridgePoint Medical, Inc.
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