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Series C financing for Transcend Medical raises $22.5mm

Executive Summary

Ophthalmic surgical device maker Transcend Medical Inc. grossed $22.5mm in its Series C financing from 15 first-time and returning backers including an undisclosed global biopharma/device company. Transcend will spend the money on completing the US COMPASS trial of its CyPass Micro-Stent, a micro-invasive device for glaucoma patients implanted during cataract surgery, that reduces intra-ocular pressure.
Deal Industry
  • Medical Devices
    • Implantable Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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