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NOTES tech firm gains $21.5m to grow sales

This article was originally published in Clinica

Executive Summary

Gastrointestinal surgical devices developer EndoGastric Solutions (EGS) has raised $21.5m in series E financing from its current investors. This brings the total investment in the Redwood City, California firm to over $100m. The proceeds from the recent round will help EGS further expand commercialisation of its EsophyX and StomaphyX devices, designed to perform incisionless, natural orifice translumenal endoscopic surgery (NOTES). The company EsophyX is indicated for treatment of gastroesophageal reflux disease, and StomaphyX is used for creating large tissue folds in the gastrointestinal tract. The devices are both CE-marked and FDA-cleared, and are being commercialised mainly in the US, as well as in Europe and South America.

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