Tryton Medical Receives $24,000,000 New Financing

  • Feed Type
  • Date
    1/7/2013
  • Company Name
    Tryton Medical
  • Mailing Address
    1000 Park Forty Plaza Durham, MA 27713
  • Company Description
    Tryton Medical, Inc. is the leading developer of stents that are designed to definitively treat bifurcation lesions. 540,000 bifurcation coronary lesions are sub-optimally treated every year with a variety of time consuming and technically challenging procedures. No optimized solution exists for treating bifurcation lesions. As a result, cardiologists are forced to use a provisional strategy which avoids the deployment of a second stent – leaving the un-stented side branch vulnerable to thrombosis and restenosis. The ability to definitively treat bifurcation lesions will enable PCI-stenting to become the new standard of care for the treatment of left main coronary artery disease rather than bypass surgery.
  • Website
    http://www.trytonmedical.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $24,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The financing is expected to see the company through U.S. approval of the Tryton Side Branch Stent.
  • M&A Terms
  • Venture Investor
    PTV Sciences
  • Venture Investor
    RiverVest Venture Partners
  • Venture Investor
    Spray Venture Partners
  • Venture Investor
    3×5 Special Opportunity Partners

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