Apnex Medical Receives $10,000,000 New Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7ba892db-9800-4baa-a5f6-ba7dd6013851&Preview=1 - Date
9/24/2012 - Company Name
Apnex Medical - Mailing Address
2890 Centre Pointe Drive St. Paul, MN 55113 - Company Description
APNEX Medical is the second spin-out company of Prospex Medical, Inc.,
a medical device incubator founded in 2005 by Michael Berman, Robert
Atkinson, and Chad Kugler. The company is developing a medical device using active implantable technology to treat obstructive sleep apnea. - Website
http://www.apnexmedical.com - Transaction Type
Venture Equity - Transaction Amount
$10,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
The company is testing the device on patients in Australia, Europe and the United States. The study will prepare the company to pursue regulatory approval to sell the device. - M&A Terms
- Venture Investor
New Enterprise Associates
