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Aegea raises $17mm through late-stage equity round

Executive Summary

Aegea Medical Inc. (minimally invasive endometrial ablation) raised $17mm through an undisclosed late-stage equity round led by Solas BioVentures. The company will use the proceeds to fund a multi-center study to evaluate its Adaptive Vapor Ablation system in uterine cavity access (and possible minimally invasive interventions) three to four years post-treatment. Proceeds will also support the commercial launch (anticipated in 2019) of Aegea’s next-generation Adaptive Vapor Ablation, an FDA-approved endometrial ablation system for the minimally invasive treatment of menorrhagia (heavy menstrual bleeding) in a physician’s office setting. Since its 2007 inception, the company has brought in $108.5mm.
Deal Industry
  • Medical Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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