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

   

Sequent Medical Inc. Raises $26.0 Million Venture Financing


3/7/2012 7:26:10 AM

ALISO VIEJO, Calif., March 6, 2012 /PRNewswire/ -- Sequent Medical, Inc. announced today that it has closed a $26.0 million Series C venture capital financing. Delphi Ventures led the financing and was joined by existing investors Versant Ventures, US Venture Partners, and Domain Associates. James Bochnowski of Delphi Ventures will join Sequent Medical's Board of Directors.

"We are fortunate to have a strong consortium of life science venture capital firms and would like to welcome both Delphi Ventures as an investor in Sequent Medical and James Bochnowski as a Board member," said Tom Wilder, President and Chief Executive Officer. "We will utilize these funds to support our clinical, commercial, and technology development programs, including our initial WEB® Aneurysm Embolization System product line." Building upon on the foundation of endovascular embolic coils, the WEB is an intrasaccular neurovascular embolization device that is designed to bridge the neck of a ruptured or unruptured intracranial aneurysm and to promote rapid, peri-procedural stasis.

About Sequent Medical, Inc.

Sequent Medical, Inc. is a neurovascular device company that is dedicated to the development of innovative catheter-based technologies for neurovascular specialists and their patients. The company has developed proprietary MicroBraid(TM) technology to create the WEB, a low porosity intrasaccular embolization device that is deployed within the aneurysm to facilitate occlusion and healing. The WEB bears the CE Mark, and is available at select centers in Europe and other countries, but is not available for use in the United States. Sequent Medical Inc. is headquartered in Aliso Viejo, California, and has a European operation based in Bonn, Germany. For more information, please visit www.sequentmedical.com.

SOURCE Sequent Medical, Inc.



Read at BioSpace.com
Read at News Release

   

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