Alydia Tackles Postpartum Hemorrhage with Device
A small startup is developing a device aimed at treating and preventing maternal bleeding. Menlo Park, CA-based Alydia has raised $10 million in a series B round to help it get the technology past clinical trials and onto the market in the U.S.
The technology works with the normal contractions of the uterus to rapidly stop bleeding. The concept of the device was developed in 2010 at the Cal Poly Center for Innovation and Entrepreneurship.
âWhat is used now are drugs, which work too slowly or might not work,â Anne Morrissey, CEO of Alydia Health, told MD+DI. âThey also complicate the clinical picture. Our expectation based on the feedback weâve gotten from clinicians is that our device will be used in that treatment path after initial prophylactic uterotonics are given. Our long-term hope is that this device is a tool that will allow [physicians]to act as soon as they can.â
The financing was led by the Global Health Investment Fund. Astia Angels and other existing investors also participated in the round.
âThe proceeds for our series B financing are for two main purposes,â Morrissey said. âOne is to help us to complete [the PEARLE] clinical study. We have 107 patients in the study. In addition to that, the funding will be used for our 510(k) submission to FDA.â
Morrissey said it was the companyâs ho...
Source: MDDI - Category: Medical Devices Authors: Omar Ford Tags: Business Source Type: news