Access Scientific Inc. closed a $2 million equity-based financing round.
San Diego-based company has begun the roll out of its new catheter introducer product.
Access Scientific won 510(k) clearance from the Food & Drug Administration for the device, called the "Picc Wand Peelable Safety Introducer" (PDF), in September. The company designed the device to enable "faster, safer and simpler over-wire insertion of sheaths and cathetors" and reduce "the risks of lost cannulation, contamination, embolism and accidental needlestick injury," according to its website.
The Securities & Exchange Commission filing documenting the latest equity sale did not identify the seven investors who supported the round. Board members David Geliebter, a managing partner of New York-based Carrot Capital Healthcare Ventures, and Ellis Jones, the CEO of New York-based private equity firm Wasserstein & Co. are listed as related persons on the filing. The company’s CEO is Dr. Steven Bierman.