5 More Private Medtech Companies to Keep Tabs On

MedTech analysts continue to keep a watchful eye on the private sector. Needham & Co.'s Mike Matson recently called attention to five private medical device companies he finds interesting, adding to three previous lists the analyst published earlier this year. Matson was not the only medtech analyst keeping tabs on up and coming private companies in 2019. In January, Canaccord Genuity's Jason Mills highlighted 16 potentially disruptive medtech companies in the private sector. Here are the five companies Matson most recently highlighted. 7D Surgical: Based in Ontario, Canada, 7D has developed a navigation system that uses machine vision, eliminates the need for intraoperative radiation associated with navigation, and can reduce the navigation component of surgical procedure times by 75% to 95%. Matson noted that the company's total addressable market is currently about $2.4 billion globally. Ablative Solutions: This Kalamazoo, MI-based company has developed a renal denervation system for hypertension treatment. The company's Peregrine System delivers dehydrated alcohol in small doses directly to the space outside of the renal artery to block the overactive signaling of the nerves around the kidney in order to reduce systemic blood pressure. Earlier this year the company raised $77 million to support its regulatory trials. Intrinsic Therapeutics:Â&nb...
Source: MDDI - Category: Medical Devices Authors: Tags: Business Source Type: news