Home World Galway-based Signum Surgical secures €2.9m investment ThePipaNews

Galway-based Signum Surgical secures €2.9m investment ThePipaNews

ThePipaNews

Medical technology company Signum Surgical has raised €2.9 million to support its ongoing regulatory and clinical programs.

The funding round was led by Halo Business Angel Network’s medical technology syndicate, a joint initiative of Enterprise Ireland, InterTrade Ireland and Invest Northern Ireland.

Additional investment came from the Western Development Commission, as well as other angel investors from the medical technology industry.

Signum Surgical previously raised €2.6 million in 2016 and another €3.9 million in 2019.

The company now plans to commercialize its BioHealx device, which is designed to treat a colorectal condition called anal fistula.

“This investment will facilitate our regulatory submissions and clinical data collection leading to the commercialization of BioHealx, an innovative product with the potential to change the lives of patients suffering from this severely debilitating condition,” said co-founder and CEO Moshe Zilversmit.

“The strong investor interest in Signum indicates that the BioHealx technology addresses a large unmet need in a significant market. We are excited to explore partnerships with corporate strategies interested in the space,” added director Alan Levy.

Founded in 2016 by Zilversmit and Eoin Bambury, Signum Surgical is a spin-out of the National University of Ireland BioInnovate programme. The company is headquartered in Galway.

RELATED ARTICLES

Plans for North Lincolnshire solar farm with power to power 2,400 homes to be subject to site visits ThePipaNews

ThePipaNews The project would last 40 years and produce enough electricity to power nearly 3,000 homes.

14 powerful responses to the possibility of winter break ThePipaNews

ThePipaNews Oonagh Keating. Updated October 7, 2022 You will be aware that there is a crisis to do with *spin the wheel* INFLATION,...

PSNI calls encounter with Downpatrick residents anti-social behaviour ThePipaNews

ThePipaNews Local families are calling on police to do more

Dobies Garden center near Glasgow is advertising jobs for elves and elves ThePipaNews

ThePipaNews A garden center near Glasgow is looking for a team of 'elves and elves' in...

Peterborough teenager sets Guinness World Record for spine-bending flexibility challenge ThePipaNews

ThePipaNews Liberty Barros set the record at Spirals Gymnastics Club in Peterborough

Man learns to walk again after losing legs in Boston construction accident – NECN ThePipaNews

ThePipaNews When you walk into Wilson Ortega's hospital room, visitors and staff are greeted with a big smile. On Wednesday afternoon, the 34-year-old...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Maryam Nawaz’s arrival caused serious chaos outside Avonfield ThePipaNews

ThePipaNews The arrival of Pakistan Muslim League-Nawaz (PML-N) vice-president Maryam Nawaz at London's Avenfield caused a stir. According to ARY News, Pakistan Muslim League-N...

Plans for North Lincolnshire solar farm with power to power 2,400 homes to be subject to site visits ThePipaNews

ThePipaNews The project would last 40 years and produce enough electricity to power nearly 3,000 homes.

Marital abuse will be difficult to prove Marital abuse will be difficult to prove / Article by Virag Gupta ThePipaNews

ThePipaNews Aurangabad7 hours agoCopy the linkIn many developed countries, such as the United States, women are denied the right to an abortion because of...

Faisalabad: Montgomery market fire, death toll rises to 7 – Pakistan ThePipaNews

ThePipaNews The death toll in Faisalabad's Montgomery Bazaar fire has risen to seven. According to rescue teams, the accident took place in Faisalabad's busy Montgomery...

14 powerful responses to the possibility of winter break ThePipaNews

ThePipaNews Oonagh Keating. Updated October 7, 2022 You will be aware that there is a crisis to do with *spin the wheel* INFLATION,...

Recent Comments