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Us Medical Innovations Raises $10.2 M In Private Placement

Sep 21, 2022•about 3 years ago

Amount Raised

$10.2 Million

Takoma ParkMedical DeviceBiotechnologyHealth CareManufacturing

Description

US Medical Innovations, LLC (USMI), a subsidiary of US Patent Innovations, LLC, announced today it has secured a $10.2 million private placement deal from multiple sources including existing partners and new investors. USMI will be using these funds to ramp-up manufacturing of its newly-released Canady Plasma® XL-1000 SMART Electrosurgical Generator (XL-1000) and support the development and release of its Canady HeliosTM Cold Plasma Generator (CHCP) and robotic delivery system for the selective treatment of cancer.

Company Information

Company

US Medical Innovations

Location

Carroll Avenue

Takoma Park, Maryland, United States

About

US Medical Innovations, LLC (USMI) is a private U.S. biomedical device company and wholly-owned subsidiary of US Patent Innovations, LLC. USMI’s focus is developing advanced innovative affordable plasma and robotic electrosurgical devices and striving to develop innovative devices in the field of plasma technology for the eradication of cancer.

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