Banking & Finance  February 3, 2016

EndoShape reports raising $1.8M in new funds

BOULDER — Medical-device company EndoShape Inc., has raised about $1.8 million in new funding, according to a recent filing made with the U.S. Securities and Exchange Commission.

A company official on Wednesday said he couldn’t comment on the funding at this time.

According to the filing, the new funds add to a funding round first disclosed last year that had reached about $1.2 million at that point.

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EndoShape’s Medusa MultiCoil is a device used for the embolization, or blocking, of blood vessels. It’s used to close off vessels that might be ruptured and causing internal bleeding or vessels that are feeding a tumor.

EndoShape received U.S. Food and Drug Administration approval for the device in 2013. That clearance was followed by a $5.9 million funding round in 2014.

BOULDER — Medical-device company EndoShape Inc., has raised about $1.8 million in new funding, according to a recent filing made with the U.S. Securities and Exchange Commission.

A company official on Wednesday said he couldn’t comment on the funding at this time.

According to the filing, the new funds add to a funding round first disclosed last year that had reached about $1.2 million at that point.

EndoShape’s Medusa MultiCoil is a device used for the embolization, or blocking, of blood vessels. It’s used to close off vessels that might be ruptured and causing internal bleeding or vessels that are feeding a tumor.

EndoShape…

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