PolyTouch Medical Raises US$830K from Mass Medical Angels

PolyTouch Medical Ltd., a Misgav, Israel-based developer of laparoscopic soft tissue prosthetic placement technologies, has raised US$830k in a private financing round.
Investors include Mass Medical Angels (MA2), an angel investing group consisting of leading life science professionals from Boston and the surrounding area.
The company has developed PatchAssist(TM), a surgical device commercially available in the US that enables accurate, rapid delivery and precision placement of soft tissue prosthesis for a variety of (soft tissue) repair procedures, including laparoscopic ventral hernia repair (LVHR).
As also stated by Ofek Levin, PolyTouch Medical’s CEO, the funds will enable the company to proceed rapidly to post-market clinical studies as well as to introduce the PatchAssist(TM) in the USA in 2011.
Founded in March 2009, PolyTouch Medical is a portfolio company of The Trendlines Group’s Misgav Venture Accelerator.

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