VANTIS VASCULAR CLOSES $10M IN SERIES B-1 PREFERRED FINANCING

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Dec 12, 2024, 12:04 ET

Funds will be used to initiate US commercialization of its CrossFAST™ Integrated Microcatheter Advanced Delivery System

SAN JOSE, Calif., Dec. 12, 2024 /PRNewswire/ -- Vantis Vascular, Inc., a pioneering medical technology company founded by physicians with a passion to revolutionize vascular interventions, today announced the successful closing of $10 million Series B-1 preferred financing, following a raise of $30 million to date from high-net-worth individuals and National Institute of Health grants.

"We are proud to have the ongoing support of a strong group of investors who share our vision of transforming how complex interventional procedures are performed," said Jason Turner, Chief Executive Officer at Vantis Vascular. "This funding is a critical milestone for Vantis and will allow us to continue our ongoing product development efforts, expand our team and initiate US commercialization of the CrossFAST Advanced Delivery System for complex high-risk PCI procedures."

The CrossFAST System is the first and only dual monorail microcatheter advanced delivery system purpose-built for complex coronary and peripheral interventions. Unlike guide extension catheters, which have limited ability to reach targeted areas in high-risk PCIs and demonstrated risk of vessel trauma and damage to previously placed stents, the CrossFAST Advanced Delivery System incorporates an integrated microcatheter with a seamless transition to lower the risk of these adverse events during catheter delivery. The CrossFAST System is powered by DuoPRO™ Interlocking Technology, a novel mechanism coupling the microcatheter to the outer delivery catheter, allowing the system to be advanced as one unit for enhanced pushability and efficient navigation, a significant limitation of guide extension catheters, especially in complex high-risk procedures.

"With the completion of this financing, we plan to initiate the limited market release of the CrossFAST System in the United States," commented Gary McCord, Chief Commercial Officer at Vantis Vascular. "We are confident that CrossFAST can safely navigate calcified and tortuous anatomy with ease, empowering physicians to deliver life-saving therapies to patients more effectively than ever before."

The CrossFAST Integrated Microcatheter Advanced Delivery System is commercially available in the United States as part of a limited market release. Full market release is planned in 2025.

About Vantis Vascular:

Vantis Vascular, Inc. is a medical technology company dedicated to revolutionizing vascular interventions. Founded by physicians, Vantis develops performance-driven technologies that aim to provide faster, safer and more effective treatments. With a focus on innovation and patient-centric solutions, Vantis is committed to advancing the field of interventional cardiology and improving patient outcomes worldwide.

SOURCE Vantis Vascular, Inc.