Minnesota device maker issued a series of updates this month on its legal and financial dealings, including that it secured more than $733,000 to help pay for its corporate expenses.
Skyline Medical said it raised a little more than $2 million in its latest funding round.
The Eagan, Minn.-based medical device company, formerly known as BioDrain Medical, makes the Streamway surgical waste management device.
When John Kornberg joined then-BioDrain Medical in 2011 as an investor, the company had spent the past decade developing its Streamway surgical waste management device and getting clearance to commercialize it in the U.S. But, Kornberg told MassDevice.com recently, it was quickly apparent that BioDrain was stalled, unable to leverage its 510(k) clearance from the FDA into significant U.S. sales.
Skyline Medical said it named Stephen Zastrow as its new senior vice president of sales.
Zastrow joins Skyline, formerly known as BioDrain Medical, with nearly 30 years of experience in the medical device field. His resume includes stints as a sales VP with both VMBC and Scanlan International. Zastrow is expected to join the company at the beginning of the next year.