Michigan dental device company Axenic raising $1 million

Axenic DHP

KALAMAZOO, Michigan — Device company Axenic Dental is raising $1 million, according to a filing with the Securities and Exchange Commission.

Axenic’s focuses on disposable dental devices and its products include the Axenic DHP, a high-speed disposable drill the company says cuts the costs of cleanup and sterilization while giving patients the piece of mind of knowing their drill was only used on them. The 4-year-old company had received FDA approval for the device in early 2008.

VentureWire reports the company is raising a total of $3 million to bring the drill to market.

The company has raised about $250,000 of its $1 million, which Axenic is raising through dept and other options, according to the SEC. Previous investors include Apjohn Group, which co-founded the company.