Vascular Pathways Inc., a Naples, FL-based medical device manufacturer specializing in wire-guided Peripheral Intravenous catheter technology, received a $5m credit facility.
Square 1 Bank provided the loan.
The company intends to use the funds to commercialize its proprietary peripheral, AccuCath™ Intravenous Catheter.
Developed by founder Dr. Amir Belson, the company’s AccuCath™ Intravenous Catheter System offers guidewire PIV technology which allows atraumatic vessel access for safe and effective catheter deployment to reduce complication rates and increase first attempt success rates resulting in lower costs for healthcare providers and an increase in patient satisfaction.
Led by Bill Bold, President and CEO, Vascular Pathways is backed by CHL Medical Partners, Ascension Health Ventures, and MVM Life Sciences.