Okami Medical raises funds to support technology development

25 June 2020 (Last Updated June 25th, 2020 11:05)

Okami Medical, the second portfolio company of medical device incubator Inceptus Medical, has raised fresh funds to support the commercialisation of catheter-based technologies for peripheral vascular occlusion.

Okami Medical raises funds to support technology development
The financing will support the commercialisation efforts of Okami’s catheter-based technologies for peripheral vascular occlusion. Credit: Patho / Wiki Commons.

Okami Medical, the second portfolio company of medical device incubator Inceptus Medical, has raised fresh funds to support the commercialisation of catheter-based technologies for peripheral vascular occlusion.

The company raised $7.2m in a Series D financing round, which was led by US Venture Partners.

The round was also joined by the members of Okami’s board of directors and medical device industry veterans.

Okami’s LOBO Vascular Occlusion System is a single-device solution for the occlusion of a range of arterial targets, eliminating the need for multiple embolic devices.

By combining a patented design with proprietary HDBRAID technology, the system generates a highly occlusive pore structure that substantially reduces blood flow and accelerates vessel closure.

The technology platform enables the successful treatment of a diverse set of conditions by providing fast and efficient closure of blood vessels throughout the body.

The LOBO system was granted 510(k) clearance by the US Food and Drug Administration (FDA) for the occlusion of peripheral arteries.

Okami president and CEO Bob Rosenbluth said: “We are pleased to continue to work with investors who have supported us in our mission to create and foster innovative concepts into successful companies, including Inari Medical, Sequent Medical and MicroVention.

“We will use these funds to support and accelerate Okami’s commercial and technology development programs.”

Founded in 2017, Okami Medical focuses on the development of intuitive devices for the occlusion of peripheral vessels.

Peripheral vascular occlusion is a circulatory condition caused by reduced blood flow to the limbs due to narrowed blood vessels.