Novasys Medical Inc., a Newark, N.J.-based developer of a device to treat female stress urinary incontinence, has raised $49.5 million in Series D funding. Versant Ventures led the round, and was joined by Three Arch Partners, Skyline Ventures and return backers Affinity Capital Management, Alloy Ventures, Delphi Ventures, GBS Venture Partners, INVESCO Private Capital, JPMorgan Partners (managed by Panorama Capital) and ONSET Ventures.
Novasys Medical, Inc., a developer of innovative therapies in women's health, announced today that it has secured
“We are very pleased that Versant, ThreeArch and Skyline, three of the best known and respected venture capital firms in the
Female Stress Urinary Incontinence
SUI is the involuntary leakage of urine associated with laughing, coughing, sneezing and recreational activities. The condition is caused by a variety of factors, most commonly childbirth, and often restricts the social, professional, and personal lives of an estimated 15 million women in the
The FDA-cleared Renessa System includes a small probe which a physician passes through the natural opening of the urethra (transurethral). The probe heats multiple small treatment sites in the submucosa of the bladder neck and upper urethra, denaturing collagen in the tissue, thereby reducing or eliminating leaks. The Renessa treatment can be performed in the convenience of a physician's office using local anesthesia. There are no incisions, bandages or dressings required. Recovery is rapid and comfortable, with minimal post-procedure limitations. To date, over 300 urologists, urogynecologists and gynecologists have been trained and have performed the Renessa procedure in over 2500 patients.
About Novasys Medical
Novasys Medical, Inc. is a privately held, venture-backed company which develops innovative therapies in women's health. The company's initial focus is the development and commercialization of the Renessa System, a proprietary, non-surgical approach to the treatment of female stress urinary incontinence (SUI).
For more information, please visit http://www.novasysmedical.com