EndoGastric Solutions said today that it closed its Series I financing round bringing in a total of $45 million, with proceeds slated to support commercialization and and improving market demand for its EsophyX device. The EsophyX device is designed to be deployed transorally, resulting in an incision-less fundoplication. EndoGastric Solutions’ first version of the EsophyX device […]
EndoGastric Solutions adds $31m
EndoGastric Solutions, which last week reported raising more than $25 million, said today that the total raise was $30.5 million. Redmond, Wash.-based EndoGastric Solutions said the round was led by existing backers Advanced Technology Ventures, Canaan Partners, Canepa Healthcare, Chicago Growth Partners, CRG, Radius Ventures, Sightline Partners and “several new healthcare investors excited about EGS’ commercial […]
EndoGastric Solutions raises $25m
EndoGastric Solutions has raised $25.4 million in equity from 28 investors as part of a $35.5 million offering, according to a document filed with the SEC this week. The Washington-based company has not yet publicly stated what it plans to do with its newly-acquired funds. EndoGastric Solutions sells a device designed to reconstruct the gastroesophageal […]
What is the future of medtech in 2018?
Some of the largest medtech companies showed in 2017 that they are ready to grow through embrace the new healthcare ecosystem. Medical device companies are putting greater emphasis on value-based. They’re putting more attention to clinical and economic research and adopting digital products that incorporate machine learning and data integration. Questions, though, still remain as […]
EndoGastric Solutions touts more MAC reimbursement wins for Esophyx device
EndoGastric Solutions said today that new Medicare Administrative Contractors Noridian Health Care Solutions and National Government Services have been granted reimbursement access for the transoral incisionless fundoplication procedure using its Esophyx device. The Redmond, Wash.-based company’s TIF procedure is designed to prevent stomach acids refluxing back into the esophagus by reconstructing the gastroesophageal valve. Noridian, […]
Mediware taps ex-Optum exec Miller for CEO | Personnel Moves July 28, 2017
Healthcare tech group Mediware Information Systems said it tapped former United-Health Group subsidiary OptumInsight chief exec Bill Miller as its new CEO, replacing Kelly Mann, who has served in the corner office since 2007. Mediware said that Miller will work with the Lenexa, Kansas-based company’s management to “build and accelerate the company’s platform” to expand […]
7 medtech stories we missed this week: June 2, 2017
From Implandata receiving CE Marking to Inolife eyeing up-listing, here are 7 medtech stories we missed this week but thought were still worth mentioning. 1. Dextera seeks expanded indications for MicroCutter 5/80 stapler Dextera Surgical announced in a June 1 press release that it has filed a 510(k) with the FDA for its MicroCutter 5/80 stapler. The […]
EndoGastric Solutions touts U.S. reimbursement win
EndoGastric Solutions said today it won reimbursement coverage through U.S. health insurer Health Care Service Corporation for transoral incisionless fundoplication procedures using its EsophyX device, effective July 15. The EsophyX device is designed for the reconstruction of the gastroesophageal valve through a partial fundoplication procedure, performed transorally, the company said. The new medical policy through […]
EndoGastric Solutions wins nod from medical society for Esophyx anti-GERD device
The American Gastroenterological Assn. recommended that insurers cover the Esophyx device for treating gastroesophageal reflux disease made by EndoGastric Solutions. Citing the data from a quartet of randomized, controlled trials, the AGA said transoral incisionless fundiplication with Esophyx ought to be reimbursed for the 20% to 40% of GERD patients who don’t respond to medication. “[T]he 3‐year-plus evidence […]
EndoGastric Solutions launches EsophyX Z device designed to treat GERD
EndoGastric Solutions said today it launched its EsophyX Z device designed for treating gastroesophageal reflux disease, and that the device was used in its 1st treatment procedure. The 1st procedure was performed during a transoral incisionless fundoplication procedure at Cali.’s U.C. Irvine Health by Dr. Kenneth Chang, the Redmond, Wash.-based company said. “There are certain GERD […]
EndoGastric Solutions raises $50m for acid reflux device
Update: Corrected to accurately reflect the company admitted to no wrongdoing in its Dept. of Justice case. EndoGastric Solutions said today it raised $50 million in a new round of financing for its EsophyX acid reflux treatment device. The company makes endoscopic surgical equipment for transoral incisionless fundoplication, tissue-stapling in the stomach and esophagus, designed […]
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