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PneumRx, Inc. Raises $33 Million in Capital
Date:1/4/2011

ased to add a top-tier med-tech corporate partner in this later financing round.  We believe that this partnership will be extremely beneficial as PneumRx prepares for its future pivotal trial, commercialization and reimbursement efforts in the US.  We also appreciate the addition of two prominent European venture firms to our board.  We look forward to working more closely with Forbion and Endeavour Vision as we expand our commercial efforts in Europe," said Erin McGurk, Founder, President and CEO of PneumRx, Inc.  "2010 was an exciting year for PneumRx, receiving our CE Mark and achieving our first European sales and we look forward to expanding into the US in 2011, with our plans for our pivotal clinical trial.  We are pleased to be able to bring our RePneu Lung Volume Reduction Coil treatment to a greater number of emphysema patients suffering from this debilitating disease."

Martien van Osch, Managing Partner at Forbion Capital Partners said, "PneumRx brings an effective therapy for a large group of emphysema patients. For most of these patients there are, to date, no good treatment alternatives.  Over 1500 coils have been implanted to date and the safety and efficacy profile is very exciting. We are proud to lead this current financing round and to help the company establish a presence and commercial infrastructure in Europe."

Daniel Bertholet, Investment Director at Endeavour Vision, commented, "Having reviewed all the companies in this sector, I am convinced that PneumRx has developed the most promising Lung Volume Reduction device to treat emphysema patients and is likely to become the preferred clinical option in a few years.  We are delighted to join the company in order to support both the European market launch and the pivotal clinical study."

Martien van Osch and Daniel Bertholet will both join the Board of Directors.

About PneumRx, Inc.

PneumRx, Inc. is a rapidly growing medi
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