Mayo Clinic Spin-out Tenex Health Lands $11.8 Million
2/8/2012 8:29:34 AM
A tendon injury treatment firm that has licensed technology developed at the Mayo Clinic has raised $11.8 million through a PIPE (private investment in a public entity) transaction. Tenex Health is a California company that has developed the FAST (Focused Aspiration of Soft Tissue) procedurefor percutaneous removal of tissue that can help restore the normal functioning of tendons and soft tissue. Last February, Tenex announced the FDA clearance of its portable device used in conjunction with the FAST procedure that allowedsoft tissue removalin the elbow, knee, ankle, foot, and shoulder.