Cere Vasc, Inc. announced it raised $11.1 Million in an initial filing from an offering of $32.5 Million
Cere Vasc, Inc. announced it raised $11.1 Million in an initial filing from an offering of $32.5 Million
06/05/20, 6:44 PM
Location
auburndale
Money raised
$11.1 million
Industry
biotechnology
Company Info
Location
2120 commonwealth ave., suite 1
auburndale, massachusetts, united states
Additional Info
Located in Massachusetts’ healthcare hub, CereVasc, Inc., is a clinical stage, medical device company focused on the development of novel, minimally invasive treatments for patients with neurological diseases. Its initial product, the eShunt System, encompasses first-ever, groundbreaking percutaneous transvenous-transdural access to the central nervous system intended to allow the first minimally invasive treatment for communicating hydrocephalus (CH), a potential improvement to the current standard of care. The eShunt device concept originated from Tufts Medical Center physicians Carl Heilman, MD, Neurosurgeon-in-Chief and Chair of Neurosurgery, and Adel Malek, MD, PhD, Chief of Neurovascular Surgery and Director of Endovascular Neurosurgery. The patented eShunt System includes an endovascularly implantable cerebral spinal fluid shunt and delivery components, which are designed to treat CH without invasive surgery.