Wednesday, October 28, 2015

Blockade Medical Finds Funding For Stroke Treatment

Irvine-based Blockade Medical, a company which is developing medical devices for the treatment of cerebral aneurysms and ischemic stroke, has raised a round of equity funding. Size of the round was not announced. Blockade Medical said the investment came from TitanMed Capital, GP Healthcare Capital, and other investors. The company said it will use the funding for commercialization and development of its products. As part of the investment, the company said it is creating a joint venture for future manufacturing of its devices for the Chinese marketplace.