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$50m In New Capital Could Help Moximed Spring Into US Earlier

 
• By Tina Tan

In its latest and biggest fundraising to date, Moximed has bagged $50m in a series C round, which will help the company take its joint-unloading technology for osteoarthritis patients through US approval and into early commercialization.

Moximed Inc. is now well funded to see its US regulatory plans through for joint-unloading devices after raising $50m in a series C financing round. The money should also help the firm begin commercialization in what CEO Kevin Sidow believes will be a very receptive market for Moximed's osteoarthritis-relieving technology.

The series C round brought in new investors, Advent Life Sciences and Future Fund, and included participation by existing investors: NEA, Morgenthaler Ventures, Gilde Healthcare, GBS Venture Partners and Vertex...

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