Pittsburgh-area medical device company Wright Therapy Products is looking to raise $500,000, according to regulatory filings.
The company develops compression pumps and other accessories for patients suffering from poor circulation or swelling in their limbs. Wright Therapy also markets its pumps for the treatment of sports injuries that result in swelling.
Wright Therapy got its start in the 1980s when CEO Carol Wright’s father, Edward, created a compression pump for a family members suffering from chronic lymphedema, a blockage of the lymph vessels that drain fluid from tissues throughout the body. The condition often results in swelling of the limbs.
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Last year, Wright was looking to add a national sales force to help build the company’s revenues. It’s possible the funding would be used to support that initiative.
So far, the company has raised $100,000 of the targeted amount, according to a document filed with the Securities and Exchange Commission.
Economic development group Pittsburgh Life Sciences Greenhouse has previously invested in Wright Therapy.