Averto Medical secures $30.5m to advance ColoSeal system [Yahoo! Finance]
ShockWave Medical, Inc. (SWAV)
Last shockwave medical, inc. earnings: 2/13 04:03 pm
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Source: Yahoo! Finance
The funding round was led by Cormorant Asset Management and supported by Venrock Healthcare Capital Partners, CVF, LifeSci Venture Partners and other investors. Averto will use the proceeds to advance the clinical testing of its ColoSeal Intraluminal Diversion System to obtain regulatory approvals. The system is designed to allow procedures such as colorectal cancer resection while eliminating the need to create an invasive temporary diverting stoma. It could potentially benefit more than 100,000 patients each year who undergo colorectal surgeries. In line with the financing, Averto Medical has announced executive appointments. Averto Medical named Dr Ken Song, a physician-scientist and entrepreneur, as executive chairman. Dr Song said: “Averto Medical is developing a medical device to avoid the need for ostomy, which is a debilitating procedure. “As a former gastroenterologist who has taken care of patients with ostomies, the value proposition of ColoSeal for patients,
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SWAV
Earnings
- 2/15/24 - Beat
SWAV
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 5/3/24 - Form 4
- SWAV's page on the SEC website