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News

Medisse raises more funding for adhesion barrier solution

Medisse : 30 January, 2013  (Company News)
Medisse closes a Series B equity financing round of 2.6 milion euros for the clinical trial of the company's lead product FlexiSurge Adhesion Barrier.


The new investor IIG joins the existing investors, BioGeneration Ventures and Omnes Capital in the round. In addition Medisse will receive an innovation credit from the Dutch Ministry of Economic Affairs. Medisse is active in resorbable implants for soft tissue applications, based on a patented flexible polymer platform.



Sandra de Vos, Chief Executive Officer of Medisse said: "We are very pleased that this investment round give us the opportunity to bring the company to the next level. With these proceeds we will perform the first clinical trial of FlexiSurge Adhesion Barrier, aiming to obtain a CE mark, but will also be used for developing other devices. The growing use of resorbable materials for soft tissue applications creats exciting opportunities for Medisse".



Marius Prins, Managing Director of PPM Oost, fund manager of IIG: "The international demand for medical adhesive prevention is promising. Important health care benefits can be achieved. With this investment, IIG aims to facilitate Medisse’s technology validation to a human proof of concept and commercial roll out in Europe".



Medisse's Chairman Joost Holthuis, representing BioGeneration Ventures on the board, said: "We are looking forward to bring a number of innovative resorbable products towards the clinic and first commercial use the coming years based on a proven and versatile technology platform".


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