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Endomedix

Description

Developer of a unique surgical hemostat for cranial and spinal surgery. The company develops a surgical device that allows surgeons to avoid the issue facing most other devices of this kind: swelling. This leads to compression of neural tissues which often produces pain, paralysis and loss of function which in turn often necessitate revision surgery. The company's device gently contracts in wet or moist environments, which has been shown in trials in standard in vivo model that hemostasis can be achieved in about 20 seconds versus the 10 minutes that current leading products achieve, saving hospitals time and expenses.

2005

Founded

PRIVATE

Status

1-10

Employees

Seed

Latest Deal Type

$2.6M

Latest Deal Amount

$1.4M

Total Amount Raised

Description

Developer of a unique surgical hemostat for cranial and spinal surgery. The company develops a surgical device that allows surgeons to avoid the issue facing most other devices of this kind: swelling. This leads to compression of neural tissues which often produces pain, paralysis and loss of function which in turn often necessitate revision surgery. The company's device gently contracts in wet or moist environments, which has been shown in trials in standard in vivo model that hemostasis can be achieved in about 20 seconds versus the 10 minutes that current leading products achieve, saving hospitals time and expenses.

Website:

www.endomedix.com

Ownership Status

Privately held (backing)

Financing Status

Angel-Backed

Primary Industry

Surgical Devices

Primary Office

1 Normal Avenue CELS 404 Montclair, NJ 07043United States +1 (848) 248-1883
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Endomedix Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Endomedix Investors (3)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
James PastenaAngel (individual)Minority000 0000000 0000
National Institute of Neurological Disorders and Stroke (NINDS)Government000 0000000 0000
National Institutes of HealthGovernment000 0000000 0000
James Pastena Angel (individual)
National Institute of Neurological Disorders and Stroke (NINDS) Government
National Institutes of Health Government

Endomedix Executive Team (2)

NameTitleBoard
Seat
Contact
Info
Richard RussoChief Executive Officer, President & Board Member
Piyush ModakDirector of Research & Development
Richard Russo Chief Executive Officer, President & Board Member
Piyush Modak Director of Research & Development

Endomedix Board Members (5)

NameRepresentingRoleSinceContact
Info
James PastenaSelfAngel (individual)000 0000
John AbrahamsEndomedixCo-Founder & Board Member000 0000
Richard OlsonEndomedixBoard Member000 0000
Richard RussoEndomedixChief Executive Officer, President & Board Member000 0000
Weiliam ChenEndomedixCo-Founder & Board Member000 0000
James Pastena Angel (individual) Self
John Abrahams Co-Founder & Board Member Endomedix
Richard Olson Board Member Endomedix
Richard Russo Chief Executive Officer, President & Board Member Endomedix
Weiliam Chen Co-Founder & Board Member Endomedix
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