Inx Medical Raises $700,000, Seeks FDA Approval for Device

Published: May 09, 2013

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Inx Medical LLC, a medical device startup, today submitted its application with the Food and Drug Administration for a new device used to aid in the surgical removal of hemorrhoids. Inx Medical President and CEO Jim Vermeersch said the device stands a very good chance of being approved quickly due to devices with similar applications that are already on the market. He expects to get a response from the FDA within 60 to 90 days. “There are predicate devices on the market so I anticipate that we’ll be approved quickly,” Vermeersch said. “We could move to manufacturing and sales later this year.”

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