Torax Medical Raises $25 Million

Torax Medical said today that it raised $25 million in a new round of equity financing, according to an SEC filing posted today.

Torax develops the Fenix magnetic continence restoration system, which is made up of a series of magnetic titanium beads that are implanted in the anal sphincter to minimize the involuntary opening of the anal canal. The system comes with a tool to size the implant and a tool to guide the implant and sizing tool into position.

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