EndoGastric funds US sales with $30m round:
This article was originally published in Clinica
Executive Summary
Natural orifice surgery (NOS) specialist EndoGastric Solutions has completed a $30m series D round of financing. Redmond, Washington-based EndoGastric plans to use the new finances to expand sales and marketing efforts for its transoral StomaphyX device for binding tissue in the gastrointestinal tract to help weight loss, and fund the launch of its EsophyX device for treating gastroesophageal reflex disease later this year. The round was lead by DeNovo Ventures and included contributions from existing investors Chicago Growth Partners, MPM Capital, Advanced Technology Ventures, Foundation Medical Partners and Oakwood Medical Investors. The financing sees DeNovo's Joe Mandato join the EndoGastric board of directors.
You may also be interested in...
New EU Filings
Obecabtagene autoleucel, Autolus Therapeutics’s investigational treatment for relapsed or refractory B cell precursor acute lymphoblastic leukemia, is among the latest products that have been filed for review by the European Medicines Agency for potential EU marketing approval.
BMS Has A Strong Pipeline, But Access Challenges Remain
Bristol Myers Squibb’s head of major markets, Monica Shaw, wants to improve patients’ access to lifesaving therapies. And the group has several new products ready to roll.
Novartis Hires Ex-BMS Chief As It Pursues US Growth Strategy
The Swiss pharma company is looking to tap into the experience of ex-BMS leader Giovanni Caforio to help further it US-first commercial strategy.