Women’s health device start-up Elidah is looking to raise $2 million to support its Elitone stress urinary incontinence-treating device, according to a Connecticut Post report. The Elitone device, developed by the Newtown, Conn.-based company, is designed to be worn during the day and provides 20 minutes of electrical stimulation to strengthen pelvic muscles and aid […]
Urology
Cogentix Medical buys UK-based Genesis Medical
Cogentix Medical (NSDQ:CGNT) said today it acquired London-based Genesis Medical for an undisclosed amount. Genesis Medical produces, sells and markets urology products in the U.K. and operated as the exclusive regional distributor for Cogentix’s PrimeSight endoscopy systems. Cogentix said it purchased all tangible assets of Genesis, and will pay up to an additional $671,560 (GBP £515,000) […]
Boston Scientific joins OAB device dev Amphora Medical’s $36m Series B
Amphora Medical said today it closed a $35.5 million Series B financing round, led by major medtech player Boston Scientific (NYSE:BSX), with funds slated to support a US pivotal trial of its Selective Bladder Denervation System for treating women with overactive bladder. Amphora’s Selective Bladder Denervation System is a minimally-invasive, cystopic device which uses targeted ablation […]
NxThera adds $6m for Rezūm prostate device
NxThera said this week that it added another $6 million to its coffers in an ongoing round of debt financing. The Maple Grove, Minn.-based company is offering convertible promissory notes and Series C preferred stock warrants in the round, according to the filing, with the first sale logged Jan. 13. NxThera said it’s looking to raise […]
Cogentix inks deal with Promepla to launch endo-urology devices in US
Cogentix Medical (NSDQ:CGNT) said today it inked a deal with Monaco-based medical device maker Promepla to launch an endo-urology product line within the US. Minneapolis, Minn.-based Cogentix said the slated-to-launch product line includes a full suite of endourological devices including ureteral access sheaths, gravity irrigation lines and nitinol guide wires. “The launch of our endo-urology product […]
Medtronic touts 5-year data on InterStim neuromod device for OAB
Medtronic (NYSE:MDT) today touted 5-year results from the InSite study of its InterStim neuromodulation treatment for overactive bladder syndrome. InterStim is designed to stimulate the sacral nerve to treat OAB, meaning urinary urge incontinence and/or urgency-frequency. The InSite study enrolled 340 patients, of which 272 were implanted with an InterStim device, comparing treatment with the device […]
Uromedica wins CMS coverage for ProAct continence therapy device
Uromedica said today it won a reimbursement code from the Centers for Medicaid and Medicare Services for its ProAct adjustable continence therapy for men, and that it launched the device in the US. The ProAct system has FDA approval and is indicated for treating adult men with stress incontinence from intrinsic sphincter deficiency of at […]
FDA grants de novo clearance for Merit Medical’s Embosphere
Merit Medical (NSDQ:MMSI) said yesterday that its Embosphere device won expanded de novo clearance from the to treat benign prostatic hyperplasia. The federal safety watchdog’s clearance means Embosphere can be used in prostatic artery embolization procedures to treat BPH. “Merit’s Embosphere is the first embolic agent to receive FDA 513(f)(2) classification for prostatic artery embolization, providing a non-surgical […]
Vesiflo raises $3.3m
Medical device startup Vesiflo has raised $3.3 million in an equity and mixed shelf round of financing, according to an SEC filing posted this week. Funds raised in the round come from 55 unnamed investors, with the company looking to bring in an additional $3.7 million for a total of $7 million before closing. Money raised comes […]
NeoTract touts 5-year UroLift study data
NeoTract today presented 5-year results from the pivotal Lift IDE study of its UroLift system, touting rapid reduction of symptoms and sustained effects in treating patients with symptomatic benign prostatic hyperplasia. The UroLift system for benign prostate hyperplasia uses tiny devices that are inserted into the urethra in a minimally invasive procedure to reopen the lower urinary tract […]
Cook Medical recalls select Bush ureteral illuminating caths
Cook Medical this week released information on a select voluntary recall of its Bush DL and Bush SL ureteral illuminating catheter sets over issues with overheating. The Bloomington, Ind.-based company said it has received an increased number of reports of the proximal black component that connects to the distal transparent component overheating and melting, which could […]