Access Scientific, Inc., a San Diego, CA-based medical device company dedicated to providing a safer standard of over-wire vascular access through its proprietary WAND technology, completed a $10m financing round.
The investment was led by CAC, with participation from existing shareholders.
The company intends to use the funds to hire a direct sales and clinical team to commercialize its second product, The POWERWAND®, an extended-dwell, power-injectable 3.1 inch IV catheter delivered using its proprietary WAND all-in-one safety introducer.
The device is designed to help reduce patient dissatisfaction rate due to complications and repetitive venipunctures associated with peripheral IV catheters and healthcare workers’ risk of an accidental, potentially dangerous needlestick.
Access Scientific’s first product, the PICC WAND, delivers a Teleflex peelable sheath introducer for insertion of peripherally inserted central catheters.
The company is led by CEO Steve Bierman, M.D.