Ivantis said it raised a $27 million Series B round led by Ascension Health Ventures aimed at funding a quartet of clinical trials for its Hydrus Microstent glaucoma treatment.
The Irvine, Calif.-based medical device company said the device, an eyelash-sized stent, is designed to reduce eye pressure.
"We are pleased and grateful to have AHV leading our Series B financing, as well as the ongoing commitment of our current investors," president & CEO Dave Van Meter said in prepared remarks. "Through partnerships with our new investors AHV and MemorialCare Innovation Fund, whose limited partners include several leading nonprofit hospital systems in the U.S., we have added 2 ideal new investors as we seek to maximize not only the potential clinical benefits but also the socioeconomic impact of our technology."
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