Nectero Medical raises $96 million in series D financing
USA-based Nectero Medical has raised $96 million in a Series D financing round led by Norwest Venture Partners, with significant investments also from Boston Scientific, BioStar Capital and others.
The Arizonian firm, which is focused on developing innovative therapies to treat aneurysmal disease, said it would use the money in part to accelerate the execution of the Phase II/III STAAABLE trial.
The proceeds will also be used to support the submission of a New Drug Application with the US Food and Drug Administration for Nectero EAST, a single-use, endovascular system for the treatment of infrarenal abdominal aortic aneurysm (AAA).
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