BizWire | April 18, 2017
NeuroTronik Limited and NeuroTronik, Inc. today announced closing on a $23.1 million Series B Preferred Stock Financing, tranched in line with project plan milestones. The funding was led by Boston Scientific Group, plc. Other major investors include Hatteras Venture Partners, Synergy Life Science Partners, Lord Baltimore Investment Partners, Mountain Group Capital, and Sovereign’s Capital. The investor group also includes other financial and industry participants.
“Our team has made substantial progress in the development of NeuroTronik CANS Therapy™”
NeuroTronik is in development and investigational clinical use of a novel medical technology approach to help physicians treat heart failure patients who come to the hospital because of their worsened symptoms. Acute Heart Failure (AHF) is the leading cause of older-adult hospitalizations in developed healthcare markets around the world. AHF is a difficult clinical and large economic challenge. NeuroTronik seeks to enhance clinical outcomes for patients, improve patient management for physicians, shorten hospital stays, and reduce the rate at which patients must return to the hospital within a few weeks of discharge…