Medical Tubing and Extrusion

Medical tubing and extrusion technologies

Flow Medical raises $6M in round with strategic investors

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This illustration shows Flow Medical's novel delivery scaffold and its nitinol tubing.
Flow Medical describes its HELYX-PE System as “an investigational 9 French catheter-directed thrombolysis platform that combines an expandable infusion scaffold, integrated angiography, and continuous pulmonary artery pressure monitoring.” [Illustration courtesy of the company]
Flow Medical has raised $6 million in a new funding round that includes two strategic medical device investors, the company tells MassDevice.

The Chicago-based startup is developing the investigational HELYX-PE System, a next-gen catheter-directed thrombolysis platform for pulmonary embolism.

The device developer froze its design this year, expects to perform a first-in-human case “very soon” and is planning for an IDE submission in 2027, Flow Medical co-founder and CEO Jennifer Fried said in an interview.

The company will use the new funds for that first-in-human clinical evaluation of the system, continued product development and manufacturing, and to prepare for a U.S. pivotal study in support of an FDA 510(k) submission.

Read the full story on MassDevice.

 

About Jim Hammerand

Jim Hammerand is the managing editor of Arrowfly's MassDevice and Medical Design & Outsourcing, where he leads coverage of medtech innovation, design, engineering and manufacturing. He also contributes to our Devicetalks podcasts and live events. Hammerand has more than two decades of journalism experience spanning newspapers, magazines, websites, live events, radio and TV news. For nearly a decade, Hammerand reported and edited business news for American City Business Journals as a reporter and digital editor at the Minneapolis/St. Paul Business Journal and then as managing editor of the Puget Sound Business Journal in Seattle. He holds degrees in journalism and management from the University of Minnesota and has won journalism awards from the Society of Professional Journalists, American Society of Business Publication Editors, and Trade, Association, Business Publications International. Connect with him on LinkedIn or by email at [email protected].