Mendota Heights, Minnesota — Kalypto Medical Inc. has received an $8 million investment for its portable device that uses vacuum pressure to help wounds heal.
Kalypto, formerly known as Iasis Medical, reported an investment of $8.375 million in a regulatory filing.
The company’s wound therapy system employs a portable, battery-powered suction pump that uses vacuum, or negative, pressure to remove fluid from around a wound, ideally helping the wound heal more quickly. Kalypto’s device is designed for use by patients suffering from chronic wounds caused by diabetes or circulatory problems, such as foot or leg ulcers.
Chief Executive Philip Vierling didn’t immediately return a call.
The company’s device received clearance from the U.S. Food and Drug Administration in October 2008.
Kalypto, which started up in 2006, reported a $9 million fund-raise in April 2008 and a $1.5 million round in October 2007.