Saluda Medical said today that it won CE Mark approval in the European Union for its Evoke closed-loop spinal cord stimulation device. Australia- and Bloomington, Minn.-based Saluda, which is backed by both Boston Scientific and Medtronic, said the first commercial implantations have already occurred, in Holland. The Evoke device is designed to measure the response […]
saludamedical
Boston Scientific gets in on $75m round for Saluda Medical
A day after taking out a loan from Medtronic (NYSE:MDT), Saluda Medical brought in $75 million with an equity round joined by Boston Scientific (NYSE:BSX). Australia- and Bloomington, Minn.-based Saluda said Redmile Group and “one other financial institution” participated in the round. Yesterday the company took out a four-year term loan from Medtronic for an unspecified amount, marking […]
Saluda Medical wins another investment from Medtronic
Saluda Medical said today that it took out a four-year term loan from Medtronic (NYSE:MDT) for an unspecified amount, marking the medtech titan’s third investment in the spinal cord stimulation device maker. In May 2017, Australia- and Bloomington, Minn.-based Saluda raised nearly $40 million for the Evoke closed-loop neuromodulation device it’s developing to treat axial […]
Saluda Medical touts Evoke closed-loop SCS studies
Saluda Medical today released data from two studies of its Evoke ECAP-controlled closed-loop spinal cord stimulator. The Evoke SCS system is designed to measure the spinal cord’s response to stimulation and adjust on every pulse to maintain activation within the patient’s therapeutic window, the Australian company said. Results from both the Evoke and Avalon studies […]
Medtronic increases stake in Saluda Medical
Saluda Medical said it raised nearly $40 million (A$53 million) for the Evoke closed-loop neuromodulation device it’s developing to treat axial back pain. The round was led by a new investor, GlaxoSmithKline‘s (NYSE:GSK) Action Potential Venture Capital, joined by existing backer Medtronic (NYSE:MDT), Artarmon, Australia- and Bloomington, Minn.-based Saluda said. The Evoke spinal cord stimulator is […]
