Stentys finds funds for bifurcation stent development

Twitter icon
Facebook icon
LinkedIn icon
e-mail icon
Google icon

Stentys has completed an $18 million Series B round of venture financing to help finish clinical trials and obtain CE Mark for its drug-eluting, bifurcated stent.

The lead investor was U.K. venture capitalist firm Scottish Equity Partners, and the Series A investor Sofinnova Partners also participated in the B round, according to the Paris-based company.

Brian Kerr, one of the founding directors of Scottish Equity Partners and a partner in the firm's healthcare group, will join the Stentys board of directors, the company said.

“Stentys has achieved a major breakthrough in terms of patient safety, ease of use for cardiologists, and clinical efficacy,” said Kerr. “It has a high-caliber management team, and it has made rapid progress towards obtaining regulatory approval. There is a $1 billion-plus market opportunity for its product, and we are confident that the company will deliver significant value.”