Mitralign Lands $7,000,000 New Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3fd8e1ea-51bf-4865-a5ad-8b6004644f05&Preview=1 - Date
9/11/2012 - Company Name
Mitralign - Mailing Address
3 Highwood Drive Tewksbury, MA 01876 - Company Description
We are currently developing an innovative, catheter-based mitral valve repair system that not only provides an alternative to open heart surgery but emulates the traditional surgical repair technique.The condition treated, mitral valve regurgitation (MR), is common in patients with Congestive Heart Failure. Clinical studies have proven that MR significantly increases the risk of mortality in patients afflicted with CHF, a disease affecting 25 Million worldwide. Studies hence recommend earlier treatment of MR in these patients.
- Website
http://www.mitralign.com - Transaction Type
Debt - Transaction Amount
$7,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
The funds provided under the venture loan facility will be used to support Mitralign’s continued product development. - M&A Terms
- Venture Investor
Horizon Technology Finance - Venture Investor
Square 1 Bank
