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ABK Biomedical raises $30mm in Series B round

Executive Summary

ABK Biomedical Inc. (developing microspheres for embolization procedures) raised $30mm through its Series B round co-led by F-Prime and Varian Medical Systems. The company will put the proceeds towards continued development of the Easi-Vue microspheres for treatment of hypervascular tumors and the Eye90 radio-opaque yttrium-90 microspheres for transarterial radiation of liver tumors. First-in-human use of Eye90 is expected in 2020, while the Easi-Vue could be in human studies later this year.
Deal Industry
  • Biotechnology
  • Medical Devices
  • Pharmaceuticals
    • Radiopharmaceuticals, Contrast Agents
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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