Medtech incubator Shifamed said this week that its newly formed portfolio company Supira Medical has raised $15.5 million in a new round of financing.
The round was led by The Capital Partnership and joined by Cormorant Asset Management and Shifamed Angels, the Campbell, Calif.-based incubator said. The round officially closed on April 25.
Supira Medical is developing a next-generation percutaneous ventricular assist device intended for use in high-risk patients undergoing interventional procedures, and is being run by Jean Orth in Shifamed’s Silicon Valley facilities.
“I am delighted Jean will lead the Supira team and spearhead the company’s early development efforts. The closing of this significant round of early-stage financing is a testimony to the large, unmet clinical need Supira’s technology will address. Jean’s 25+ years of cardiology-centric medical device experience, which includes her previous role as Executive VP of Business Development at Shifamed, makes her an ideal fit for Supira at this important time,” Shifamed founder & Supira chair Amr Salahieh said in a press release.
The post Newly formed pVAD dev Supira Medical raises $16m appeared first on MassDevice.
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