Thursday, May 7, 2009

Sadra Medical Raises $30M

Campbell-based Sadra Medical said Thursday that the firm has raised $30M in a new investment round for the firm's aortic valve replacement systems. According to the firm, the round was led by Accuitive Medical Ventures, and included prior investors Boston Scientific, Finistere, Firstmark Capital, Oakwood, ONSET Ventures, and SV Life Sciences. Sadra Medical has developed a valve usable for percutaneous aortic valve replacement (PAVR), which is fully repositionable, which the firm says addresses limitations of first generation PAVR systems, which take great technical skill to carry out successfully. More information »