Galway medtech Vivasure closes first tranche of €52m fundraise | Business Post

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Unnamed lead investor has option to buy the company, which is seeking FDA approval for its patch-based medical devices. chastaylor reports.

Galway-based medtech company Vivasure Medical has raised €22 million with the closure of the first tranche of a planned €52 million funding round with the unnamed lead investor having an option to buy the firm should certain milestones be achieved.

The Series D funding is to be used to support the push towards regulatory approval of a portfolio of absorbable, patch-based devices for procedures.Subscribe from just €1 for the first month!

 

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