Medrobotics Closes $25 Million Financing
Company Expanding Commercialization of Flex® Robotic System in Otolaryngology
RAYNHAM, Mass--(BUSINESS WIRE)--
Medrobotics Corp., a surgical products company focused on medical robotics, today announced closing a $25 Million Preferred Stock financing. Existing Medrobotics shareholders participated in the financing. Proceeds will be used to expand the Company’s commercial efforts for the Flex® Robotic System.
The Flex® Robotic System was designed to provide hospitals and surgeons an affordable, easy-to-use, minimally-invasive surgical robotic platform. The flexible robotic technology allows surgeons to access, visualize, and deliver surgical instruments to sites that are difficult or impossible to reach with traditional surgical methods.
About Medrobotics
Medrobotics Corporation (www.Medrobotics.com) is a privately-held company headquartered in Raynham, Massachusetts that manufactures and markets the Flex® Robotic System, a robot-assisted platform that provides surgeons with single-site access and visualization of hard-to-reach anatomical locations. The Company is committed to providing more patients with access to minimally invasive surgery. Medrobotics received FDA clearance for the Flex® Robotic System in 2015, and the CE mark in 2014.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151105007086/en/
- Health Care Industry
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