5 former Rad BioMed portfolio cos raise $7m

Five companies raised money from the Zisapel's RAD Group and private investors.

Five former Rad BioMed Incubator portfolio companies have raised $7 million in follow-on investments from Yehuda and Zohar Zisapel's RAD Group and private investors.

The companies are VGS Ltd., which has developed a method for reducing rejection of vein grafts; Vectorious Medical Technologies Ltd., which has developed an implant for early diagnosis of heart failure; Laminate Medical Technologies Ltd., which is developing an implant for improving renal vascular procedures; Perflow Medical Ltd., which is developing endovascular device for removing blood clots during brain surgery to prevent ischemic stroke; and Moebius Medical Ltd., which has developed liposomal lubricants for treating osteoarthritis.

Eon Surgical Ltd., which was developing minimally invasive microlaparoscopy surgical technology for scarless surgery, was sold to Teleflex Inc. (NYSE: TFX) in 2013.

Published by Globes [online], Israel business news - www.globes-online.com - on April 6, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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