Rivermark Medical, a leader in minimally invasive solutions for Benign Prostatic Hyperplasia (BPH), today announced the close of a $30 million Series C financing round, including new investors Venture Investors Health Fund, Time BioVentures, and an unnamed strategic investor.
Funds will advance the clinical development of Rivermark's flagship product, the FloStent™ System, designed to restore urinary function for BPH patients. The device, currently in clinical development, offers a minimally invasive approach with quick recovery times, reversibility, and suitability for outpatient procedures.
"We're grateful for the support of our investors as we progress toward bringing the FloStent System to market," said Adam Kadlec, President and CEO of Rivermark Medical. "This financing will accelerate our clinical programs and our path to commercialization, providing a new solution for the millions affected by BPH."
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