Christcot Medical Receives $257,000 New Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f278baf7-e71e-493d-a8ca-c2338854c62a&Preview=1 - Date
4/26/2012 - Company Name
Christcot Medical - Mailing Address
44 Bent Road Sudbury, MA 01776 - Company Description
The emerging medical device company focuses on chronic medical conditions that could use rectally delivered medications. Its new device, InsertEase, is a suppository applicator that the company said improves the effectiveness of the medication delivered and is expected to improve compliance. The product is the first rectal suppository applicator to be cleared by the U.S. Food and Drug Administration for marketing and distribution. - Website
Undisclosed
- Transaction Type
Debt - Transaction Amount
$257,000 - Transaction Round
Undisclosed - Proceeds Purposes
The team is focused on scaling up for manufacturing by building a multi-cavity mold and expanding licensing coverage. - M&A Terms
- Venture Investor
Massachusetts Life Sciences Center
