The Medical Device Business Journal — Medical Device News & Articles | MassDevice
Private equity player OrbiMed Advisors, which invests in the life science space, registered to raise a $300 million fund to invest in healthcare companies in Asia, according to an SEC filing.
OrbiMed’s Shanghai- and Mumbai-based Asia PE fund focuses on "opportunities in China and India across all sectors of healthcare, including healthcare services," according to its website.
Sonendo said it closed the 2nd portion of a $27 million funding round for its sonic root canal device.
Orbimed Advisors led the round, joined by new backer Themes Investment Partners and existing investors Fjord Ventures and NeoMed Management, according to a press release.
Israel-based medical device maker Medigus Ltd. closed a $8 million private placement in support of its SRS Endoscopic system, a minimally invasive treatment for gastroesophageal reflux disease.
The round was sold to OrbiMed Israel Partners Limited Partnership which received 39.9 million shares of Medigus, representing 30.7% of the company.
