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EuroPCR 2017: Robocath Eyes H1 2018 Robotic Catheterization System Launch With New Funds

 
• By Tina Tan

Emerging medical robotics firm Robocath has raised fresh funds to take its R-one system through clinical trials and into the market by the first half of next year.

Robocath
• Source: Robocath

Robocath is set to embark on safety and efficacy studies of its R-one robotic catheterization system, supported by a fresh injection of funds from both new investors and existing shareholders. The €4.7m ($5.2m) round – led by M Capital and Normandie Participations, contributions from past investors Go Capital and NCI – will not only help see the company through the regulatory pathway, it should also take the French firm beyond the anticipated H1 2018 market launch of the technology and to the end of next year, Robocath CEO Pascal Guy told Medtech Insight.

News of the financing was announced during of the annual EuroPCR meeting, in Paris May 16-19, where Robocath is showcasing...

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