ThermalTherapeutic Systems has raised $800,000 toward a round of investment that will fund the commercial launch of its hyperthermic perfusion device. The portable device, called the VeraTherm, received U.S. Food and Drug Administration clearance in March 2010. The 26-pound device is used to pump heated or unheated fluid into patients’ abdomens or chest cavities. Hyperthermic […]
ThermalTherapeutic Systems Inc. signed a “strategic alliance” with Boston-based medical device developer and distributor Applied Medical Products and Solutions Inc. The terms of the deal were not released, but ThermalTherapeutic’s Veratherm Portable Hyperthermic Perfusion System is the company’s first offering. The Pittsburgh-based company won 510(k) clearance from the Food & Drug Administration for the device […]
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ThermalTherapeutic Systems Inc. has received clearance from the U.S. Food and Drug Administration to begin selling its flagship portable perfusion device, which is used to pump fluid into the abdomen or chest cavity of patients suffering from hyperthermia. Obtaining FDA clearance of the Veratherm Portable Hyperthermic Perfusion System is a “critical step,” for the company, […]
The company in July submitted its application to the U.S. Food and Drug Administration and in August closed on $750,000 in capital. This latest funding would be a catalyst to launch the technology.