Tenaxis Medical hauls in $1M

February 7, 2014 By Chris Walker Leave a Comment

Tenaxis Medical said it brought in close to $1.4 million in a still-open funding round.

The Mountain View, Calif.-based medical device company develops and commercializes surgical sealants for vascular and general procedures.

Tenaxis’ marquee product, the ArterX sealant for vascular procedures, uses a prophylactic agent that binds to proteins in both the sealant and the tissue to cross-link them. The sealant has won approval in the U.S. and Europe, according to the Tenaxis website.

The debts-and-warrants round already involves some 30 unnamed investors, according to a regulatory filing. Tenaxis is hoping to raise total of $1.5 million, according to the filing.

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