Israeli medical device company Via Surgical has secured a $6 million investment led by Benslie investment group. Based on Moshav Amirim in the Galilee, the company has developed surgical fixation technologies for mesh placement in hernia repair. Benslie managing partner Nicolas Weinstein is joining the Via Surgical board of directors.
Via Surgical was founded by CEO Ofek Levin, CTO Arik Levy, and CFO Lena Levin, who previously founded PolyTouch Medical, which they sold to Covidien plc (NYSE: COV) for $30-40 million.
Levin said, "The addition of Benslie Investment group to our highly experienced team validates the opportunity to advance patient care with the FasTouch Deployable Suture Fixation System. Their investment will greatly support the increasing clinical demand for improved fixation through our development and commercialization efforts in 2016."
FasTouch, a novel fixation technology is the first with the potential to provide a comprehensive fixation solution in hernia repair. The lockable sutures are designed to significantly minimize foreign body material, providing the first and only lightweight hernia fixation system.
Weinstein said, "We are very excited to partner with Via Surgical to introduce a novel hernia mesh fastening device with the potential to improve patient outcomes. It is a fantastic device that benefits all stakeholders. Via Surgical is a great addition to our portfolio of healthcare companies with a proven team, top advisory board and late stage technology"
Published by Globes [online], Israel business news - www.globes-online.com - on February 9, 2016
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