View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
October 13, 2017updated 16 Oct 2017 10:30am

Deals this week: Shockwave Medical, Theraclion, Pacific Edge

Shockwave Medical Inc has secured an additional $35m in a series C venture financing round led by Fidelity Management and Research Company.

By Laura Thomson

Shockwave Medical Inc has secured an additional $35m in a series C venture financing round led by Fidelity Management and Research Company.

The US-based company had previously secured $45m last November, while the latest round has increased the total funding to $80m.

The company plans to use the funds to develop its Peripheral and Coronary Lithoplasty Systems in the US and Europe.

Theraclion SA has signed an agreement with EDAP TMS SA to distribute its Echopulse system in France.

Both companies involved in the transaction are based in France.

“The US-based ophthalmic company plans to use the funds towards establishing a marketing team and to launch new products.”

New Zealand-based cancer diagnostics company Pacific Edge Ltd has announced a rights offering of 66 million shares priced at $0.32 a share to raise $21.3m.

Avita Medical Ltd has announced the rights offering of 276.5 million shares priced at A$0.05 ($0.3) each to raise A$12.44m ($9.65m). The company previously announced the private placement of 101 million shares priced at A$0.05 ($0.3) a share to raise A$4.5m ($3.49m).

The US-based medical device company plans to use the funds towards working capital purposes.

Sight Sciences Inc has secured $10m in a series C financing round led by Allegro Investment Fund.

The US-based ophthalmic company plans to use the funds towards establishing a marketing team and to launch new products.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU