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INDUSTRY FIRST

Oto Nexus Medical Technologies, Inc. announced it raised $4.41 Million in an initial filing from an offering of $8.27 Million

Jan 11, 2019over 6 years ago

Amount Raised

$4.41 Million

Round Type

seed

BellevueHealthcare

Company Information

Company

OtoNexus Medical Technologies, Inc.

Location

1546 NW 56TH STREET

Bellevue, Washington, United States

About

OtoNexus is developing the world’s first medical device to provide objective diagnostic data to instantly and accurately diagnose middle ear infections (Otitis Media) in children and adults. A simple and elegant solution, the device applies a well-known medical technology, ultrasound, in a completely novel way to achieve a key advance in differentiating when and when not to prescribe antibiotics. One-use-per-patient tips create a recurring revenue stream. The device will provide data in seconds and will be easy to use by physicians or non-physician personnel (NPs, PAs). Definitive, objective data identifying both the presence and the type of fluid behind the eardrum will lead to better outcomes and significantly reduced healthcare costs.

FundzWatch™ Score

70
Medium Activity

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