Bio2 Medical Raises $13.7M

BiO 2 Medical, a medical device manufacturer which has its manufacturing operations in Golden, Colorado, said late Friday that it has raised $13.7M in a Series B funding round. The firm, which is developing a central venous catheter and Inferior Vena Cava (IVC) filter whic his aimed at preventing Pulmonary Embolism (PE) in critically ill patients, said the funding came from Targeted Technology Fund, Pasadera Capital, and also included conversion of $1M in funding from the State of Texas Emerging Technology Fund. The company has headquarters in Texas. The firm said the funding will go towards completing Design Verification Testing in support of CE Mark submission, plus human clinical studies. More information »