Meditrina, Inc., a San Jose, Calif.-based premier women’s healthcare company, completed a $10m equity financing.
The round was a first tranche of a $20m commercialization round.
The round was led by Deerfield Management Company. In conjunction with the funding, Steven Hochberg, a Partner at Deerfield, will join the Meditrina Board of Directors.
Founded in 2016 by Csaba Truckai, President and CEO, Meditrina designs and develops the Aveta™ System for the treatment of intrauterine pathologies such as polyps, fibroids, and/or RPOC.
The company intends to use the funds to expand U.S. commercialization of the Aveta™ System and to further develop its product portfolio.