Endotronix closes Series C round funding for development of artery sensor
Digital health company Endotronix has raised $32 million in its Series C round funding that will help finance development on its cloud-based patient management system and artery sensors.
Endotronix, based in Woodridge, Illinois, specializes in providing solutions for patients with advanced heart failure. Funding was provided by venture capital firms like BioVentures Investors, SV Life Sciences, Aperture Venture Partners and OSF Ventures, according to a statement from the company.
Representatives from several of the investors will now serve on Endotronix’s board of directors.
"The Series C financing will fund our clinical program including commercialization of our cloud-based outpatient management system and the safety and feasibility study for our implantable wireless pulmonary artery sensor,” said Harry Rowland, CEO of Endotronix, in a statement.
The artery sensor, which is designed to manage patients’ hemodynamics, has been shown to reduce heart failure hospitalizations by 37 percent, according to Endotronix.
"Patient-friendly, wireless solutions that provide early detection and link the physician and patient in continuous communication have enormous potential for the management of chronic heart failure," said Leslie Saxon, MD, professor of medicine and executive director for the Center for Body Computing at the University of Southern California, in a statement. "The Endotronix solution optimizes the inefficient management and communication pathways that currently plague both patients and physicians."
Senior Writer
As a Senior Writer for TriMed Media Group, Katherine primarily focuses on producing news stories, Q&As and features for Cardiovascular Business. She reports on several facets of the cardiology industry, including emerging technology, new clinical trials and findings, and quality initiatives among providers. She is based out of TriMed's Chicago office and holds a bachelor's degree in journalism from Columbia College Chicago. Her work has appeared in Modern Healthcare, Crain's Chicago Business and The Detroit News. She joined TriMed in 2016.