Tech Company Financing Transactions
PneumRx Funding Round
On 3/6/2007, PneumRx announced $27 million in Series B funding from Adams Harkness Ventures, Alta Partners and KBL Healthcare Ventures.
Transaction Overview
Company Name
Announced On
3/6/2007
Transaction Type
Venture Equity
Amount
$27,000,000
Round
Series B
Investors
Proceeds Purpose
PneumRx expects to use the Series B funds to complete clinical trials
and prepare for commercialization of two major medical devices. PneumRx's
PneuSeal(TM) product, a proprietary, highly adhesive sealant, is currently
undergoing clinical trials in Germany to assess its safety and
effectiveness for reducing pneumothorax complications in lung biopsy.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
530 Logue Avenue
Mountain View, CA 94043
USA
Mountain View, CA 94043
USA
Phone
Website
Email Address
Overview
PneumRx is a rapidly growing medical device company dedicated to providing innovative devices to clinicians that will assist in early diagnosis and minimally invasive treatment of lung diseases.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Erin McGurk
Chief Financial Officer
Nicola Downes
Chief Technical Officer
Mark Mathis
VP - Manufacturing
David Thompson
VP - Marketing
Lisa Rogan
VP - Regulatory Affairs
Kara Reiter
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Prev: 3/6/2007: VentiRx Pharmaceuticals venture capital transaction
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