TyRx
Company

Last deal

$2M

Amount

Venture - Series Unknown

Stage

04.06.2013

Date

2

all rounds

$22M

Total amount

date founded

Financing round

General

About Company
TYRX commercializes medical-pharmaceutical combination devices for multiple surgical markets.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1998

founders

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The New Jersey-based company, formerly known as Advanced Materials Design, LLC, specializes in the design, development, and commercialization of resorbable polymeric biomaterials. Their flagship products include PIVIT CRM, a mesh-based pouch containing antibacterial agents to prevent microbial colonization of implanted generators or defibrillators, and AIGISRx Flat, an antibacterial product that protects against infections associated with implanted pacemakers and defibrillators. TYRX's drug-device combination products utilize polymer technology to deliver site-specific therapy, addressing a critical need in the surgical market.
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M&A Details
1

Transaction name

Acquired by

Medtronic

announced date

06.01.2014

price

$160M

Financials

Funding Rounds
2
2

Number of Funding Rounds

$22M

Money Raised

Their latest funding was raised on 04.06.2013. Their latest investor Clarus Ventures. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
04.06.2013
1
$2M
08.12.2010
3
$20M
Co-Investors
Investors
4
0

Number of lead investors

4

Number of investors

Investor 
Lead 
Round 
Partners 
No
Venture - Series Unknown
No
Venture - Series Unknown
No
Venture - Series Unknown
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Yumin Choi

Yumin Choi

Yumin Choi is a Vice President of HLM Venture Partners. Yumin is currently a Director of Vets First Choice and is a board observer at Institute for Health Metrics (IHM), Nordic Consulting, and TYRX. He is a director to The Capital Network, a non-profit focused on educating entrepreneurs around topics of fundraising and finance, He previously was chair of the New England Venture Network (NEVN), the largest young Venture Capital organization in New England. Yumin is co-chair of the Boston Symphony Orchestra Venture Capital and Private Equity committee and is on Boston University’s Coulter Foundation Oversight Committee. Prior to HLM, Yumin was with Angel Healthcare Investors, a health care focused early stage investment group, ZweigWhite's Financial Advisory Services and Mergers & Acquisitions Group and was co-founder and CEO of CY Digital. He is also a mentor in health care focused startup accelerators, Blueprint Health and Healthbox, and is an active angel investor. Yumin received a BS from Babson College.

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People

Founders
1
Jeff Wolf
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Employee Profiles
4

Ray Imp

CFO

Robert White

Robert White

President & CEO

Activity

Recent News
0