Suturion secures 24 million for the upcoming launch
Suture-TOOLThe Lund based medtech company Suturion has developed a medical instrument designed to reduce complications and enhance patient safety following open abdominal surgery. The company is now preparing for an international launch by securing SEK 24 million in a recently concluded investment round. Suturion is a SmiLe Incubator company.
Suturion aims to address a global healthcare challenge: one in three patients undergoing open abdominal surgery suffer painful complications, often requiring additional surgery. Approximately 30 million open abdominal surgeries are performed globally each year. The innovative tool, Suture-TOOL, resembling an advanced sewing machine, is designed to close the abdomen with higher quality – thereby increasing patient safety.
Read the full press release here: https://suturion.com/suturion-secures-24-million-for-the-upcoming-launch/
About SmiLe
SmiLe Incubator is a life science business incubator based in Medicon Village in Lund, Sweden. SmiLe offers business coaching, a broad international industry and investor network and a unique laboratory infrastructure with state-of-the art instrumentation. Since the start, SmiLe has helped 100+ entrepreneurs commercialize their business ideas. Currently there are some 30 companies in SmiLe incubator which, together with alumni companies, have attracted more than EUR 805 million in venture capital since 2014. To date, 21 of SmiLe´s companies have launched an IPO. SmiLe is a non-profit organization and receives basic funding from Region Skåne, Lund Municipality, Lund University and Medicon Village. SmiLe´s sponsors are Agilent, Sparbanken Skåne, Høiberg, Magle Chemoswed, Merck, Setterwalls, Zacco, Phase Holographic Imaging and ChemoMetec. www.smileincubator.life
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