Tech Company Financing Transactions
SPR Therapeutics Funding Round
On 1/24/2012, SPR Therapeutics announced $2.2 million in Series A funding from NDI Medical and private investors.
Transaction Overview
Company Name
Announced On
1/24/2012
Transaction Type
Venture Equity
Amount
$2,200,000
Round
Series A
Investors
NDI Medical (Lead Investor)
Proceeds Purpose
SPR has also applied for the CE Mark, which signifies European regulatory approval, and expects to receive the designation within a few months. SPR expects to soon begin a pivotal clinical trial aimed at obtaining U.S. Food and Drug Administration clearance.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
22901 Millcreek Blvd. 110
Cleveland, OH 44122
USA
Cleveland, OH 44122
USA
Phone
Website
Email Address
Overview
SPR Therapeutics is a medical device company that is commercializing pain treatments utilizing its proprietary peripheral nerve stimulation (PNS) products. We are developing a pipeline of neurostimulation pain therapies that will exploit the same physiologic mechanism of action, proprietary technology, and clinical approach.
Management Team
Title
Name
Email & Social
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