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This Series B financing will allow Preceptis to expand its commercial infrastructure and develop future pipeline technologies. In addition, the new partners from China will assist Preceptis in accelerating global expansion by bringing its cutting edge technology to China. Mr. JC Sun served as the strategic advisor for the overall partnership and strategic planning.
Ear tube procedures are the most common pediatric procedure in the U.S. (1.2M cases per year) and are currently performed in children using general anesthesia — the only option until now. The Hummingbird TTS is the only product that has received FDA clearance for ear tube procedures using conscious sedation; giving anesthesiologists the ability to adjust the level of sedation needed for this quick, minor procedure. “The Hummingbird TTS has demonstrated its safety and efficacy in U.S. clinical trials and pilot commercial use. Parents and pediatricians have already shown that they will seek out otolaryngologists and hospitals that offer the Hummingbird TTS for ear tube procedures. The next step is a full commercial release in the US, followed by China and the rest of the world,” said Steve Anderson, CEO of Preceptis Medical, Inc.