Navigation Links
AngelMD Investor Group Completes Funding Round in Access Vascular, Inc.
Date:10/2/2018

Today, AngelMD is announcing the close of a $594,000 round of funding for Access Vascular, Inc. The syndicate funding is part of the total $3.4 million round that has now been closed by the company.

A peripherally inserted central catheter (PICC) is a critical component to long-term intravenous treatments. However, the status quo for PICC equipment has an inherent problem -- the potential for deep vein thrombosis and pulmonary embolism. These conditions can occur because blood platelets begin to deposit on the PICC's surface immediately after placement. Based in Massachusetts, Access Vascular has developed the HydroPICC -- a PICC developed with proprietary bulk hydrophilic material which is highly resistant to platelet deposit.

"We are grateful for the support that our new and existing investors have given us as we prepare for the roll-out of our first product," said Access Vascular CEO James Biggins. "In addition to funding the initial post-market use of our FDA-cleared HydroPICC, the funds will support the development of other products in our pipeline. This includes a version of our device that may be capable of controlled release of drugs over an extended period of time to actively kill bacteria over the lifespan of the device."

Access Vascular has recently passed a number of milestones on its route to market release. In September, the company released the results of its preclinical studies. These studies showed that in in-vitro and in-vivo use, Access Vascular's HydroPICC achieved a 97 percent reduction in thrombus accumulation versus existing market options.

"I first became aware of the company through AngelMD. Access Vascular has met a huge need for vascular catheters that do not clot and cause complications for patients," said Syndicate Lead Dr. Min Yoon. "CEO James Biggins discussed the technology in depth, and had a clear strategy to provide a return to shareholders."

The company intends to begin a limited market release in October of 2018. This release will signal the first commercial use of the device.

About AngelMD
AngelMD is an investment and networking platform connecting innovative medical startups, physicians, investors, and industry partners. Leading physicians from all over the US have joined AngelMD to help source, evaluate and advise companies in biotechnology, medical device, and healthcare technology. For more information, visit http://www.angelmd.co.

About Access Vascular
Access Vascular is reinventing venous access using our novel bulk-hydrophilic material platform to develop devices that address the key unmet need in the space—reducing catheter thrombus accumulation. Our technology has the potential to improve care, decrease complications and reduce costs by reducing complications resulting from thrombosis. The robust pipeline currently includes midlines, drug delivery catheters, dialysis catheter, and ports, all in various stages of development. More information is available at http://www.accessvascularinc.com.

Read the full story at https://www.prweb.com/releases/angelmd_investor_group_completes_funding_round_in_access_vascular_inc/prweb15808445.htm.


'/>"/>
Source: PRWeb
Copyright©2018 Vocus, Inc.
All rights reserved


Related medicine news :

1. Moving Life Develops Size Efficient Mobility Scooter, Seeks Investors for Revolutionary Product
2. Charlie Thomas, DC Entrepreneur and Investor, Joins Ostendio's Advisory Board
3. Mozido Partners with Investor Adolfo Salume to Launch Mobile Banking, Payment and Marketing Services in Latin America
4. Zamansky LLC Has Filed Another FINRA Arbitration Against UBS Financial Services on Behalf of Investors in the UBS Willow Fund
5. United Gold Direct Now Offering Complimentary Investor Kits
6. Colorado Cannabis CEO Encouraged by New Institutional Investor Interest in the State’s Legal Marijuana Industry
7. ATA and Jones Day to Host Telemedicine Investor and Strategic Summit, Seeking Eligible Emerging Companies
8. Speakers Announced for American Telemedicine Association’s Telemedicine Investor & Strategic Summit
9. HealthSource Chiropractic Franchise Expands National Footprint as Investors Buy In
10. AltMed to Present on Cannabis Investor Webcast
11. New Frontier Financial's Study Unveils Critical Challenges & Opportunities for Investors in the Cannabis Space at Marijuana Investor Summit
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/17/2019)... ... August 17, 2019 , ... ... Fastest-Growing Private Companies—the Inc. 5000 , For the 2nd Year In a Row, ... Growth of 192% Percent , Inc. magazine today revealed that YellowTelescope LLC (YellowTelescope, ...
(Date:8/16/2019)... N.Y. (PRWEB) , ... August 16, 2019 , ... ... and donated a custom handcrafted, one-of-a-kind children’s aircraft to Ronald McDonald House Charities ... designed to give children residents undergoing medical treatments and their family members a ...
(Date:8/15/2019)... ... August 15, 2019 , ... The ... who have been directly affected by the closure of Hahnemann University Hospital in ... during the campaign, the ASCP Foundation will be making hardship grants of up ...
(Date:8/14/2019)... CHARLOTTE, N.C. (PRWEB) , ... August 14, 2019 , ... ... growing private companies in America. This list has long-been established as a mark of ... brands including LinkedIn, Dell, and Oracle. Teguar made the list in 2015, 2016 and ...
(Date:8/14/2019)... (PRWEB) , ... August 13, 2019 , ... New Hampshire-based ... heart-healthy antioxidant resveratrol, today announced an expansion of its line of CBD-infused coffees with ... mg of CBD in a 12-oz bag. , “We are excited to expand ...
Breaking Medicine News(10 mins):
(Date:8/12/2019)... ... 2019 , ... Dr. Kenrick Spence is a renowned cosmetic ... of cosmetic plastic and reconstructive surgery, Dr. Spence serves patients both locally and ... and expertise in treating keloid scars . The USA Today article, entitled ...
(Date:8/12/2019)... ... ... Intalere, the healthcare industry leader in delivering optimal cost, quality and clinical ... The Year - Health IT category of the Pittsburgh Technology Center (PTC) 2019 Tech ... as a healthcare IT innovator in the Pittsburgh area,” said Julius Heil, President and ...
(Date:8/10/2019)... ... August 10, 2019 , ... Founder Margie Barilla continues ... to obtain mental health screenings for early onset of depression, suicidal ideation, or ... solution to the community with free assessment reviews. At scheduled assessments students are ...
Breaking Medicine Technology: