Tuesday, October 7, 2008

Nexeon MedSystems Gets $24M

Nexeon MedSystems, a newly formed company focused on developing stents and other medical devices, announced this morning that the firm has raised $24M in funding from SurModics, Inc., Guidant Corporation, and other private investors. The firm, which has R&D operations in Carlsbad, California with its headquarters in Charleston, West Virginia, said the funding will go towards development and clinical trials for the firm's coronary stent system. The firm was formerly known as Paragon Intellectual Properties, LLC. More information »