Deal Announcements

Patton Medical Devices Secures $15 Million Financing

Monday, October 22, 2007 5:00:00 AM PDT | VentureDeal Staff

AUSTIN, TX -- Medical device developer Patton Medical Devices, LP said that it has raised a $15 million round of financing from an undisclosed investor.

Patton makes a device that enables patients with diabetes to inject insulin for up to a three day period using the same injection point, which is kept clean and sterile by the company's device attached to the skin.

In addition to reducing pain, the other main benefit of the device is to increase compliance, since many diabetics complain of daily pain associated with injections after each meal.  Increased compliance has been associated with lower health-care costs, better quality of life and ultimately longer life for diabetic patients.

Email Page  Email Page | Print Page Print Page

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.
Venturedeal Twitter Venturedeal Facebook Venturedeal Linkedin

PCI - Level1