The medical device maker said new investor J.P. Morgan Life Sciences Private Capital led the oversubscribed Series D, which also had participation from existing funders. (The Logic)
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The medical device maker said new investor J.P. Morgan Life Sciences Private Capital led the oversubscribed Series D, which also had participation from existing funders. (The Logic)
Talking point: ABK, which has raised nearly US$122 million to date, was valued at US$73 million after its Series C, according to PitchBook. The money will fund clinical operations, research and development, and the commercialization of its Eye90 microspheres—a technology used to help treat some cancerous tumours. It has so far only been used in clinical trials. The funds from this round will also help ABK expand its manufacturing and supply chain operations. The firm currently has a facility in Halifax.
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