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Spirus Medical Raises $8.5 Million Second Round

Thursday, April 19, 2007 5:00:00 AM PDT | VentureDeal Staff

STOUGHTON, MA -- Spirus Medical, Inc. announced that it has secured $8.5 million in new financing for its series B round.

Spirus is developing "diagnostic and therapeutic advancement systems for gastroenterology, urology and gynecoloy."  The company claims to have developed a unique endoscopy device that aids in colonoscopy procedures.

Investors in the round were BioVentures Investors, Point Judith Capital, Village Ventures and individual investors.  The company intends to use the proceeds to fund the continued development and commercialization of their device applications.

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