Standard Bariatrics raises $ 35 million Series B funding to accelerate development and commercialization of the first obesity surgery platform for gastric sleeve removal, Ohio

Cincinnati, June 1, 2021 / PR News / – CincinnatiBased in Standard Bariatrics, Inc., developed the industry’s first design, the Titan SGS ™. It offers surgeons gastric sleeve removal, the best bariatric surgery for obesity, and the longest continuous staple cut line in the industry, 9 inches

USVP is excited to join Standard Bariatrics, which seeks to change the way bariatric surgery is performed.

Standard Barrier Trix®Today, the emerging market leader in medical devices for bariatric surgery $ 35 million The Series B round was led by US Venture Partners (USVP), a Silicon Valley venture capital firm that works with entrepreneurs to turn ideas into world-changing businesses. New investor River Cities Capital joins Series A syndicate investor River Vest ® Venture Partners, Haterasers at Venture Partners, Queen City Angels and Emergent Medical Partners, who also participated in Series B.

“US Venture Partners is excited to join the Standard Bariatrics team, which aims to transform the way bariatric surgery is performed and improve patient outcomes,” he said. Casey Tansy, General Partner of US Venture Partners.

Standard Bariatrics is addressing the global obesity epidemic by developing device solutions designed to help surgeons achieve more consistent and reproducible surgical results. In April 2021, the company’s Titan SGS ™ stapler was approved by the US Food and Drug Administration.2 Enables the device to be used in obesity surgery that requires the creation of a sleeve gastrectomy. This submission was supported by a successful study with 62 patients.

CEO of Standard Barrier Trix Matt Sokani “We are pleased to receive our Titan SGS ™ stapler approval from the FDA in April 2021. We are now commercializing a solution for surgeons if we close Series B funding soon after FDA approval. We will have the resources we need to expand our plans, continue to use them in gastric sleeve removal, and advance our technology platform. “

About Standard Bariatrics®, Inc.

Standard Bariatrics, Inc. CincinnatiIs a surgical company focused on the innovative development and marketing of medical devices. Driven by a passionate group of surgical innovators, the company continues to bring surgical solutions designed to meet critical market opportunities. Standard Bariatrics® is an experienced team of medical and management professionals with over 175 years of experience developing and commercializing new medical device technologies, clinically and economically, for patients and healthcare providers. There is a record for achieving excellence.

For more information, Or call 513-620-7751.

1. Goodman, Titan SGS Stapler Multisite Study of Longitudinal Gastrectomy. 2020.

2. Usage note. K210278: “The Titan SGS Linear Cutter is intended for the longitudinal and excision of stomach tissue in order to create a tubular bag for gastrectomy.”

Via US venture partners

US Venture Partners (USVP) is the leading venture capital firm in Silicon Valley, working with entrepreneurs to turn ideas into world-changing companies. USVP has invested in more than 500 companies for 40 years. USVP is focused on early stage startups transforming cybersecurity, enterprise software, consumers, and healthcare. The USVP team consists of former entrepreneurs, engineers, executives and financial professionals who support strategy, scaling, team building, product development and business development. USVP is based in the following locations: Menlo Park, California.

About River Cities Capital

River Cities is a growth investment company investing in companies with high potential at the intersection of healthcare and information technology. You want to be a business partner first and then an investor. We are investing significant human capital to leverage our expertise in the field, our network of healthcare opinion leaders, and our close relationship with the healthcare system built over 27 years of history. Capital of the river cities Cincinnati, Ohio And Raleigh, North Carolina..

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Source Standard Barrier Trics

Standard Bariatrics raises $ 35 million Series B funding to accelerate development and commercialization of the first obesity surgery platform for gastric sleeve removal, Ohio

Source link Standard Bariatrics Secures $ 35 Million Series B Funding to Accelerate Development and Commercialization of the First Obesity Surgery Platform for Gastric Sleeve Removal, Ohio

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