The interim data demonstrated that use of the Endura™ Embolization System in bifurcation aneurysms can result in greater aneurysm occlusion and lower coil prolapse into parent arteries when compared to commercially available coil-only treatments.
Artio Medical was founded in 2014 as a small R&D group focused on developing metal implants for vascular embolization.
MetactiveMedical Raises $1.2 Million of Additional Capital and Awarded $1.5 Million Grant from the National Institutes of Health
This new investment capital and grant funding will be used to continue the development of our novel platform of embolic products, which we believe will provide physicians with devices that are exceptionally deliverable, can be placed with a high level of precision, are resistant to migration, and provide immediate, complete, and lasting occlusion,” stated F. Nicholas Franano, MD, President and CEO of Metactive.
Metactive also announced the closing of $1.5 million of additional Series A financing, co-led by Mid-America Angels, with the participation of a family office and additional individual investors. Metactive previously raised $7.5 million in Series A funding, bringing the total funding raised to $9 million.