Signifier Medical Technologies closes an oversubscribed funding round
Date: 2019-06-18   Author: Pankaj Singh  Category: #news

Signifier Medical Technologies closes an oversubscribed funding round

Signifier Medical Technologies, a UK-based innovator in sleep disordered breathing market, recently announced the closing of an oversubscribed Series B funding. The round was led by private equity firm, The Pritzker Organization, along with participation from Robert Parkinson Jr (former Chairman and CEO of Baxter International) and existing investors. With this round, the total funding since the company’s establishment in 2015, is expected to exceed $13 million, report sources.

Joseph Gleberman, MD, The Pritzker Organization, was reportedly quoted saying that the firm is looking forward to support Signifier Medical Technologies to bring forward its novel technology to address snoring, which is a health and lifestyle problem.

Prof. Anshul Sama, co-founder & CMO of Signifier Medical Technologies was reported to say that the Signifier Medical Technologies aims to revolutionize the sleep market. The company has been working to develop a novel device to help solve conditions of mild OSA and snoring, which affects over 100 million people in Europe and over 110 million people in the U.S., Sama added.

As per sources close to the matter, the new funds will help Signifier Medical Technologies to accelerate data generation in on-going clinical trials with its advanced Snoozeal neurostimulation device to address OSA (obstructive sleep apnea) and snoring with opinions from leaders in sleep conditions in renowned academic centers, including University of California- San Diego and NY Presbyterian, University College London and Cornell university.

The funding will also enable Signifier Medical Technologies to complete the FDA approval process, add advanced analytics capabilities and broaden its capability set to readily commercialize in strategic geographies.

Along with closing of the funding round, Mr. Steffen Kastner, former MD of Goldman Sachs and Mr. Robert Sullivan, COO and founder of Capital Holdings, will reportedly join Mr. Kieran Gallahue, Chairman on the Board, to drive the company forward. Their diverse and complementary set of skills will accelerate the company's growth to deliver innovations in sleep disorder breathing treatment market.

Source credits : https://www.prnewswire.com/news-releases/signifier-medical-technologies-closes-an-oversubscribed-series-b-funding-round-driving-innovation-in-the-sleep-market-300869200.html



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Global Angular Contact Ball Bearings Industry Market – Porter’s Five Forces Strategy Analysis and Forecast 2025
Author: Sachin Pashte

The New Research Report on Global Angular Contact Ball Bearings Industry Market till 2025 added by Market Study Report LLC studies the current and upcoming Market Size, Share, Demand, Growth Trend and Forecast.

The research report on Angular...


Ladder Industry Market Projection By Key Players, Status, Growth, Revenue, SWOT Analysis Forecast 2025
Author: Sachin Pashte

Market Study Report adds new report on Global Ladder Industry Market analysis 2020-2025. The report focuses on global major leading industry players with information such as company profiles, end users/applications, product and specification.

<...


DNA Repair Drugs Industry Market 2020 | Analysis by Industry Trends, Size, Share, Company Overview, Growth, Development and Forecast by 2025
Author: Sachin Pashte

Global DNA Repair Drugs Industry Market Report available at MarketStudyReport.com gives an industry overview of the DNA Repair Drugs Industry, which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The r...