Company name: Altura Medical.
Industry: Medical devices.
Location: San Clemente, California.
Product:Abdominal Aortic Aneurysm Stent-Graft to repair abdominal aortic aneurysms.
Money raised: $6 million (earlier regulatory filings show the company raised an additional $16.5 million).
How it will be used: To fund ongoing product development and clinical trials that will help toward obtaining CE Mark for commercalization in Europe.
Investors: Advanced Technology Ventures, SV Life Sciences, New Leaf Venture Partners.
Management team: George Wallace, chairman.
Market size: Endovascular Abdominal Aortic Aneurysm (AAA) Repair market willbe worth $1.6 billion by 2015.
Competitors: Medtronic, Cook Medical, W.L. Gore & Associates, and Endologix.
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By Arundhati Parmar
Arundhati Parmar is the Medical Devices Reporter at MedCity News. She has covered medical technology since 2008 and specialized in business journalism since 2001. Parmar has three degrees from three continents - a Bachelor of Arts in English from Jadavpur University, Kolkata, India; a Masters in English Literature from the University of Sydney, Australia and a Masters in Journalism from Northwestern University in Chicago. She has sworn never to enter a classroom again.More posts by Author
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