BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Neuros Medical, Inc. Raises Second Round of Funding


7/18/2012 8:16:12 AM

CLEVELAND--(BUSINESS WIRE)-- Neuros Medical, Inc., a medical device company, announced it has raised a $3.5 million round of funding, led by Boston Scientific and Glengary LLC. Also joining in the round were current investors Case Tech Ventures, JumpStart Ventures, NorthCoast Angel Fund, Ohio Tech Angel Fund, Queen City Angel Fund III, Physician Investment Group, as well as new investors RiverVest Venture Partners, LLC, Blue Tree Allied Angels, and ModelVest.

“Building upon our initial investment of Neuros in 2009, we’re proud to continue our support,” stated Stephen R. Haynes, Managing Partner, Glengary LLC. “The team at Neuros has continued to meet their objectives and increase the value of the Company, as was evident by the successful execution of the first-in-man feasibility study which produced significant pain reduction results,” he added.

“Having the strong support of our current investors, as well as a from a well- respected industry leader in Boston Scientific, sends a strong signal that our execution to date and efforts going forward are well received,” said Jon J. Snyder, President and CEO Neuros Medical.

Neuros Medical recently received an Investigational Device Exemption (IDE) approval from the U.S. Food and Drug Administration (FDA), allowing it to commence a pilot clinical trial to evaluate the Company’s patented high frequency Electrical Nerve Block™ technology for use in acute treatment of pain in the residual limb of amputees. The trial is currently underway.

About Neuros Medical, Inc.

Neuros Medical, a Cleveland, Ohio based neuromodulation company, is focused on developing proprietary therapies for unmet needs to patients worldwide. The Company’s patented platform technology, Electrical Nerve Block™, is focused on the elimination of chronic pain in a variety of applications including amputation pain, chronic post-surgical pain, chronic migraine, and trigeminal neuralgia.

Contact:

Neuros Medical, Inc.

Jon J. Snyder, President and CEO, 440-951-BLOK (2565)

440-487-7515

jsnyder@neurosmedical.com



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES