Restore Medical has secured a significant $23 million in Series B funding to support the development of its flagship product, ContraBand, which treats heart failure patients. This funding will be used for a European feasibility study and a US-based clinical trial. Notably, ContraBand received FDA Breakthrough Device designation last year.
In 2022, Restore Medical completed a clinical study with ContraBand, enrolling 15 patients across five European hospitals. The company also received $2.9 million in funding and $11.6 million in equity investment to enhance the device’s development and investigate its safety and efficacy.
Source: www.mobihealthnews.com

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Congratulations to
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, an Israeli clinical-stage medical technology company, for closing a $23 million Series B round to advance its minimally invasive device for treating heart failure, a condition that remains one of the world’s leading causes of death and














