MEDIA RELEASE PR41682
TriReme Medical Announces $17 Million Series D Financing
PLEASANTON, Calif., Oct. 11 /PRNewswire-AsiaNet/ --
Bio*One Capital Leads Investment to Fund Commercial Expansion and
Continued Product Development Programs
TriReme Medical, a leading developer of innovative catheters and stents for the treatment of complex
vascular disease, announced today the closing of a $17M Round D financing. The financing was led by
Bio*One Capital, a subsidiary of Singapore based EDB Investments ('EDBI') with strong support from current
investors, Three Arch Partners and Adams Street Partners. "We are delighted to have Bio*One join our group
of sophisticated blue chip investors who share our vision of developing innovative catheter and stent
technology for coronary and peripheral interventional procedures," said Eitan Konstantino, Ph.D., President
and CEO of TriReme Medical, Inc. "This investment will allow us to ramp up our commercial activities
worldwide, continue to develop internal R&D programs and pursue key regulatory approvals for our products
in large markets such as the US, Japan, and China."
Ms Chu Swee-Yeok, CEO EDBI and Bio*One Capital said, "We are impressed with the global vision of
TriReme's management team and its ability to rapidly develop and gain regulatory approvals for its novel
catheter technologies. Its strategy of positioning itself in Singapore will allow the company to tap on the fast
growing Asian markets and enhance its competitiveness and reach." Mark Wan, General Partner at Three
Arch Partners added, "This investment will allow TriReme to maximize the value of its R&D portfolio by
providing for expansion of regulatory approvals and the creation of a commercial infrastructure that will drive
revenue growth in the coming years."
About TriReme Medical, Inc.
Based in Pleasanton, California, TriReme Medical, Inc. (TMI) is a privately held medical device company
dedicated to the development, manufacturing, and commercialization of next generation percutaneous devices
for the treatment of complex coronary and peripheral arterial disease. The Company's novel balloon and stent
therapies are specifically designed for large, unmet clinical needs.
About EDBI and Bio*One Capital
EDBI (EDB Investments) is a leading investment firm headquartered in Singapore with worldwide presence.
EDBI invests globally in the innovative and dynamic sector of Biomedical Sciences through its subsidiary
Bio*One Capital, as well as in other key industries such as Clean Technologies and Digital Media. As a value-
adding investor, EDBI works closely with its portfolio companies, leveraging its extensive networks and
experience to help bridge and drive the companies' growth strategies for Asia.
About Three Arch Partners
Three Arch Partners was formed in 1993 to provide young companies with access to relevant clinical and
business resources, as well as capital. Three Arch has helped create, build and fund more than 100 important
new healthcare companies. These companies have often become the clinical and market leaders in their
respective fields, and have generated strong returns. The fund focuses on opportunities in medical devices
and healthcare services, and less frequently in biotechnology.
About Adams Street Partners
Based in Menlo Park, California, Adams Street Partners is one of the largest managers of private equity
investments in the world. The firm provides private equity fund of funds and direct partnership capabilities to
institutional clients. Currently, Adams Street Partners manages over $20 billion in private equity assets for
clients in Australia, Japan, North America, the U.K. and Europe.
SOURCE: TriReme Medical, Inc.
CONTACT: TriReme Medical, Inc., +1-925-931-1300, info@trirememedical.com
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