Last deal

Amount

Series D

Stage

01.05.2022

Date

1

all rounds

General

About Company
Medality Medical develops a surgical device to extract excess mesenteric visceral fat.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Hydrasolve, Andrew Technologies

founded date

01.01.2007

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

The privately funded company, which includes an NIH grant, has received FDA approval to undertake a human clinical trial for the extraction of excess mesenteric visceral fat to reverse T2D. The trial will be conducted at The University of Texas Health Science Center at San Antonio upon receipt of Institutional Review Board (IRB) approval. The company's CEO, Edward Gillen, has over 30 years of medical device industry experience, with 15 years business experience in diabetes care and surgical devices.
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