Most startup medical device companies raise 10s of millions to research and develop their products before they even get to the commercial stage. But for Sanovas and co-founder Larry Gerrans, the 12-year journey to that point required a scant $9 million – all raised from the pulmonary device firm’s founders, friends and family, Gerrans told MassDevice.com last month.
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MASSDEVICE ON CALL — Sanovas is expanding its corporate headquarters and opening a manufacturing facility in Sausalito, Calif. as it prepares to file for FDA clearance for its drug-delivery technology.
The company’s micro-surgical technologies feature what Sanovas calls the world’s smallest surgical camera to access hard-to-reach areas of the body and provide minimally invasive diagnosis, treatment and drug delivery, according to a press release.
The numbers on pulmonary disease in the U.S are staggering – more than 203,000 people were diagnosed in 2007 alone, according to the Centers for Disease Control, which lists nearly 160,000 lung cancer deaths for that year.
Add in other pulmonary afflictions like chronic obstructive pulmonary disease (126,000 deaths in 2005, according to the CDC) and the numbers pass from staggering to mind-boggling.