dimecres, 2 d’abril del 2014

Transcend Medical closes on $22M Series C round




Transcend Medical says it closed on a $22 million Series C round, including an investment from an unnamed medical device multi-national.





Transcend Medical closes on $22M Series C round

Transcend Medical said it closed on a Series C round worth $22 million that included a contribution from an unnamed "global pharmaceutical and medical device company."


Transcend, which is developing a micro-stent called the CyPass to treat glaucoma, said it plans to use the proceeds to complete its Compass pivotal trial for the CyPass device. The study's follow-up period is slated to be complete during the 2nd quarter of 2015, according to a press release.




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