Tryton Medical Receives $24,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0e8cedb0-9fb9-4077-9c27-8ee80e3c36d7&Preview=1 -
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
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Venture Investor
PTV Sciences -
Venture Investor
RiverVest Venture Partners -
Venture Investor
Spray Venture Partners -
Venture Investor
3×5 Special Opportunity Partners
