Medtech developer Concept Medical said yesterday it received $60 million from cardiologist and serial entrepreneur Dr. Kiran Patel to support pursuit of an FDA investigational device exemption trial for its sirolimus-coated balloon device.
The Florida-based company touted the device as the world’s first sirolimus-coated balloon, and said that funds will also be used to support clinical data collection and clinical registries in pursuit of European market reimbursement.
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