In a successful week for the medical technology companies in the LSI Alumni community, we saw LSI Alumni raise $87M in Series B funding, appoint new executives, announce new partnerships, and much more on the road to LSI USA ‘25 in Dana Point, CA (March 17-21).
Completed its latest round of funding, raising $3M. The new funds will support two new clinical trials to further demonstrate the safety and efficacy of its surgical adhesion prevention devices, JOCOAT and IPCOAT liquid medical devices.
Appointed Sarah Moore as its Chief Marketing Officer. Distalmotion developed Dexter, a modular, small-format, open-system surgical robot designed to make robotics accessible to more patients.
Secured $37M in Series B funding to accelerate the clinical development and commercialization of its Flexagon self-forming magnet. The device is designed to provide sutureless end-to-end anastomosis via magnetic compression.
Appointed Minogue Medical as its exclusive distribution partner for the Canadian market. This partnership will support the expansion of Inovus’ surgical simulation training solutions in Canada.
Announced the acquisition of LSI Alumni Galen Data. By leveraging Lauxera’s global reach and expertise, Galen Data aims to accelerate the growth of its compliant medical device connectivity infrastructure into new markets and expand its services.
Was granted a key patent by the European Patent Office. The patent covers the company’s NaviSci System for the minimally invasive precision localization and resection of lung and other cancers with real-time surgical margin control.
Successfully closed a $50M Series B funding round to advance its efforts as it progresses toward a first-in-human clinical study. The company also appointed Kim Rodriguez as its new Chief Executive Officer.
Stay tuned for more updates, insights, and achievements of our LSI Alumni in The Weekly Recap, and follow our blog for the latest medical device news and advancements.
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