Hearing device developer Eargo said yesterday it closed the 1st tranche in a $45 million in a Series C investment round. Funding in the round was led by Nan Fung Life Sciences and joined by New Enterprise Associates, Charles and Helen Schwab and Maveron, with funds slated to support continued development, marketing and branding efforts the Mountain […]
Otolaryngology/Ear, Nose & Throat (ENT)
OptiNose IPO pulls in $120m
OptiNose (NSDQ:OPTN) raised $120 million with its initial public offering last week, adding $20 million to the target is set earlier this month. Yardley, Penn.-based OptiNose floated 7.5 million shares at $16 apiece in the offering, above the range it set Oct. 3 for 6.3 million shares at $15 to $17 apiece. Get the full story at our sister […]
Intersect ENT touts results from pivotal study of steroid-releasing sinus implant
Intersect ENT (NSDQ:XENT) touted data this week from the pivotal Resolve II trial of its investigational steroid-releasing sinus implant, Sinuva. The Phase III trial evaluated Sinuva in 300 adult chronic sinusitis patients, who were all indicated for revision sinus surgery at study entry due to recurrent, medically refractory symptoms and bilateral nasal polyposis. Get the full […]
OptiNose sets terms for $100m IPO
OptiNose set terms for its IPO this week, according to a regulatory filing submitted to the SEC. The company plans to offer 6.3 million shares at $15 – $17 apiece and funds affiliated with Avista Capital Partners intend to buy $25 million worth of shares as part of the offering, according to OptiNose. The company is slated to […]
Medtronic launches StealthStation ENT surgical navigation system
Medtronic (NYSE:MDT) said today it launched its StealthStation ENT surgical navigation system designed for otolaryngology procedures. The StealthStation ENT works by generating an electromagnetic field around the target patients’ anatomy during surgery so instrument positioning can be dynamically tracked, the Fridley, Minn.-based company said. “The intraoperative use of computer-aided surgery is very helpful to assist the […]
CSA Medical wins another FDA expansion for TruFreeze cryotherapy
Endoscopic cryo-ablation company CSA Medical said today it won expanded FDA 510(k) clearance for its TruFreeze spray cryotherapy system, now cleared for use on patients with Barrett’s esophagus with low grade dysplasia. With the clearance, the device is now approved for both low and high grade dysplasia as well as malignancies, the Boston-based company said. “Over the […]
Preceptis launches trial of its Hummingbird ear tube system
Preceptis Medical said today that it launched trial of its Hummingbird tympanostomy tube system. The Plymouth, Minn.-based company’s Hummingbrid TTS tympanostomy tube system is designed to reduce pain for pediatric patients undergoing ear tube procedures, allowing moderate, conscious sedation with no need for general anesthesia. The 1st patient in the prospective, office-based study was enrolled by […]
IotaMotion raises $2m for robotic cochlear implant system
Medical robotics start-up IotaMotion said today it raised $2 million in a seed financing round to support the development of its Iota-Soft novel robotic cochlear implantation platform. The Iowa City-based company, spun out from the University of Iowa’s Otolaryngology Department, is developing a robotic-assisted insertion device designed to aid surgeons in advancing cochlear implant electrodes. […]
Study: Esophageal surgeries with robotic platforms safe and effective
Transchiatal esophagectomy procedures utilizing robotic platforms are “effective and safe” for carefully selected patients, according to a new study from Allina Health hospitals. The robotic technology platforms can provide operating surgeons with better views during surgery and allow lymph nodes to be removed without additional incisions, according to the study. Results from the study, which […]
Pediatric ear tube delivery system dev Preceptis seeks $1m in funding
Pediatric ear tube delivery device developer Preceptis Medical is looking to raise $1 million, according to an SEC filing posted this week. The Plymouth, Minn.-based company produces the Hummingbrid TTS tympanostomy tube system designed to reduce pain for pediatric patients undergoing ear tube procedures. The device won FDA clearance last July for use with pediatric […]
Intersect ENT tops EPS, sales estimates in Q2
Shares in Intersect ENT (NSDQ:XENT) surged today after the drug-device company beat expectations on Wall Street with its second quarter results. The Menlo Park, Calif.-based company posted a loss of -$2.3 million on sales of $24 million for the 3 months ended June 30, for bottom-line growth of 62% on sales growth of 24% compared with the […]