Gynesonics secures $42.5m for uterine fibroids device expanded rollout


Ladies’s healthcare firm Gynesonics has secured $42.5m in financing to assist additional commercialise its Sonata expertise.

The spherical, led by current buyers Amzak Well being, Endeavour Imaginative and prescient, Kaiser Permanente Ventures, Runway Development Capital, and Bain Capital, provides to a earlier funding increase of $25m in April 2023.

UK-based life science funding fund MVM Companions joined the spherical as new buyers.

Gynesonics president and CEO Skip Baldino stated: “This funding will allow Gynesonics to proceed to develop business operations and supply hundreds of thousands of sufferers affected by symptomatic fibroids a secure and efficacious minimally invasive therapy.”

California-based Gynesonics’s lead product is the Sonata system. The system has had numerous iterations, with the 2.1 version being US Food and Drug Administration (FDA)-cleared in Could 2020, and the 2.2 version being FDA-cleared in September 2021.

Baldino added that greater than 275 million People are lined for Sonata and {that a} new Class 1 Present Procedural Terminology (CPT) code for the system shall be efficient within the US from January 2024.

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The system makes use of radiofrequency ablation with intrauterine ultrasound steerage to deal with symptomatic uterine fibroids – benign tumours that develop within the wall of the uterus. Round 26 million ladies in America are estimated to dwell with the illness. Fibroids could cause intense ache and heavy menstrual bleeding.

A 2021 briefing by the UK’s Nationwide Institutes of Care and Excellence described the usefulness of the incision-less process instead of a extra invasive surgical procedure reminiscent of hysterectomies, myomectomies or embolisation procedures. Regardless of highlighting uncertainties round long-term scientific outcomes, NICE outlined proof from six research investigating a complete of 1,320 individuals with uterine fibroids that demonstrated most sufferers have been happy with therapy.


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