Direct Flow Medical Obtains $50,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=37af7e99-d744-4502-bcf9-184eab86072b
Date
2/19/2014
Company Name
Direct Flow Medical
Mailing Address
451 Aviation Blvd. Santa Rosa, CA 95403
Company Description
Direct Flow Medical is a medical device company located in Santa Rosa, CA. Direct Flow Medical is developing a percutaneous aortic tissue valve prosthesis to provide patients requiring treatment of cardiac valve insufficiency with a safe and effective percutaneous option.
Website
http://www.directflowmedical.com
Transaction Type
Debt
Transaction Amount
$50,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company will use the new funds to support commercialization of a new transcatheter aortic valve implantation system.
M&A Terms
Venture Investor
PDL BioPharma