Amphora Medical Closes $35.5 Million Series B Financing
MINNEAPOLIS — Amphora Medical, Inc., a developer of medical devices to treat overactive bladder (OAB), today announced the closing of a $35.5 million Series B financing. The financing was led by Longitude Capital and Boston Scientific Corporation (NYSE:BSX), and included participation by HBM Healthcare Investments, as well as existing venture investors F-Prime Capital Partners and Baird Capital. Amphora will use the proceeds from this financing to fund the U.S. pivotal study for its Selective Bladder Denervation System in women with OAB.
OAB is characterized by the frequent, sudden and desperate need to urinate, with or without urgency-associated urinary incontinence, which interferes with normal daily activities. Amphora’s propriety Selective Bladder Denervation System is a minimally-invasive, cystoscopic device which uses targeted ablation (fulguration) to dampen the signals of the nerves responsible for the symptoms of OAB at their source in the bladder, while preserving the nerves responsible for natural bladder function.