Microstim Raises €1.5M in Funding

Published On October 6, 2011 |

Microstim GmbH, a Wismar, Germany based medical technology company, has raised €1.5m in funding.

Backers include the German state Mecklenburg-Vorpommern, Technologiefonds MVHigh-Tech-Gruenderfonds and Fides Finanz-Invest.

The company intends to use the funds for the development, construction and the first clinical application of its muscle stimulator, planned in 2012.

Led by Dr. Klapproth, co-founder and managing director, Microstim develops a new, tissue-maintaining and function-preserving implantable muscle stimulator for muscle powered cardiac assistance in collaboration with the Clinic of Cardiac Surgery, Lübeck, Germany of the University Hospital Schleswig-Holstein, Germany. A feature of the patented stimulation system is that the implant permanently monitors the stimulation loading of the muscle and counteracts a therapy threatening overstimulation.

FinSMEs

06/10/2011

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