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July 10, 2020

OtoNexus Medical Technologies receives Keiretsu Capital investment

US-based OtoNexus Medical Technologies has received investment from Keiretsu Capital for the fourth time.

US-based OtoNexus Medical Technologies has received investment from Keiretsu Capital for the fourth time.

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What is driving M&A activity in the MedTech space?

The COVID-19 pandemic has left an indelible mark on the MedTech landscape. Changes in how healthcare is delivered, and new treatment modalities, are creating opportunities and challenges for both new and traditional players. As companies sought out opportunities during the pandemic-driven downturn, the number and value of mergers and acquisition deals in the MedTech space increased. Companies worked to reposition themselves in the newly aligned healthcare world, but with further economic turmoil expected: will these trends be repeated? And what tech areas should firms be looking to expand their capabilities into? GlobalData’s report, “Themes driving M&A activity in the Medical Devices Sector, Q1 2022,” draws upon GlobalData’s extensive MedTech deals databases, highlighting major trends and hot themes in M&A activity. This report will assist you in:
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  • Knowing the key deals that occurred during Q1 2022
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Keiretsu Capital and Keiretsu Forum members are the leading investors in the medical technology firm with a total of $13m in funding since it was founded.

The latest investment round will help OtoNexus to finalise product development and testing for market launch.

OtoNexushas developed ultrasound handheld device to analyse the four disease states of middle ear infection.

Claimed to be the world’s first ultrasound handheld device, it features miniaturised ultrasound technology to diagnose middle ear infections in less than two seconds.

With the help of the device, doctors can evaluate middle ear infections and know whether antibiotic therapy is the right approach.

It is designed to provide clinicians with the information they need to minimise the use of antibiotics, improve patient outcomes and reduce the cost of care.

OtoNexus CEO Caitlin Cameron said: “Our goal is to decrease the usage of antibiotic therapy by 50% for the treatment of middle ear infections.

“From the beginning, Keiretsu Capital has understood how our unique technology empowers physicians to avoid unnecessary prescriptions of antibiotics. With this funding, we are one step closer to completing our product and realising our goal. We are thrilled by this endorsement of Keiretsu Capital.”

Keiretsu Capital managing partner and CEO Nathan McDonald said: “Early on Keiretsu Capital identified OtoNexus Medical Technologies as a company that could change the world.

“OtoNexus identified a huge unmet medical need and developed a unique technology to solve the problem. We are confident in this company and team; they continue to meet their milestones and deliver on targets.”

Keiretsu Capital has invested from Keiretsu Capital Co-investment Funds I, II, III and IV.

Related Companies

Free Report
img

What is driving M&A activity in the MedTech space?

The COVID-19 pandemic has left an indelible mark on the MedTech landscape. Changes in how healthcare is delivered, and new treatment modalities, are creating opportunities and challenges for both new and traditional players. As companies sought out opportunities during the pandemic-driven downturn, the number and value of mergers and acquisition deals in the MedTech space increased. Companies worked to reposition themselves in the newly aligned healthcare world, but with further economic turmoil expected: will these trends be repeated? And what tech areas should firms be looking to expand their capabilities into? GlobalData’s report, “Themes driving M&A activity in the Medical Devices Sector, Q1 2022,” draws upon GlobalData’s extensive MedTech deals databases, highlighting major trends and hot themes in M&A activity. This report will assist you in:
  • Understanding value and volume trends in M&A from Q1 2018 to Q1 2022
  • Understanding regional trends in M&A activity
  • Understanding which medical device sectors are leading M&A activity, and which are lagging
  • Understanding the leading tech trends in Q1 2022 M&A activity
  • Knowing the key deals that occurred during Q1 2022
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

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