New Wave Surgical Corp. Closes $900K Financing Round

Share Article

The Secured Convertible Debenture was completed in May 2011 and the entire investment came from existing shareholders.

We are extremely pleased to close this financing for more than $900,000USD when we sought funding for only $600,000USD.

New Wave Surgical, a Florida based medical device company, announced today that it has closed a Convertible Debenture round of financing. Andrew Widmark, Executive Chairman, stated “We are extremely pleased to close this financing for more than $900,000USD when we sought funding for only $600,000USD. Particularly gratifying was that the entire investment came from existing shareholders.

New Wave Surgical developed and manufactures a patented device for Laparoscopic and Robotic surgical procedures. The revolutionary visualization improvement platform offered by the company is now used in over 250 hospitals around the U.S.

Executive Chairman Widmark indicated that the fundraising was done quickly and with the minimum of effort. Widmark stated, “It’s fairly easy to raise money when a company is profitable and growing at a rate in excess of 15% per month.

About New Wave Surgical

New Wave Surgical Corp. is a medical device development company incorporated in 2004 to design, patent, and market medical devices for the laparoendoscopic surgical markets. Development of the D-HELP® device was accomplished with the participation of leading surgeons, surgical residents, and operating room staff. The D-HELP (Defogging Heated Endoscopic Lens Protector) is a sterile disposable multifunctional device designed for use in all laparoscopic procedures. The device combines the functions of several supplies currently purchased by hospitals into one simple-to-use device. D-HELP also encompasses valuable new functions that have heretofore been entirely unaddressed in laparoscopy. FDA 510k clearance was received for D-HELP in October 2006 and the product was commercially launched in October 2007. NWS has been granted 2 US patents, and has 4 US patents and 4 international patents pending. In addition, NWS owns 5 trademarks issued or pending as well as EU marking.
For more information please visit http://www.newwavesurgical.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Alexander Gomez
New Wave Surgical
8663468883 701
Email >