NitiNotes News
7 articlesNitinotes announces closing $9.3M SAFE round
growth-positive
/PRNewswire/ -- Nitinotes, developers of EndoZip™, a fully automated endoscopic suturing system, proudly announces the publication of their pivotal study,...
Nitinotes, developers of the EndoZip™ endoscopic suturing system, announced the publication of their pivotal study in the journal GIE: Gastrointestinal Endoscopy. The study demonstrated the effectiveness of EndoZip™ in achieving significant weight loss and improving metabolic health indicators over 12 months. The procedure was successful in all patients, highlighting its safety and feasibility. CEO Lloyd Diamond emphasized the studys validation of EndoZip™ technology and its potential to enhance accessibility to obesity treatments. This publication marks a significant step in advancing minimally invasive obesity management solutions.
growth-positive
Nitinotes announces closing of an internal $7.1M series A1 funding - TechWald Holding S.p.A.
Nitinotes Surgical has announced the closing of an internal $7.1M series A1 funding round, bringing the total funds raised by the company to $13.5M. The funding will be used to finalize the development of the Endozip automated suturing system and execute a multi-center pilot study in the EU.
Investment
Amid obesity, Israeli startup develops Endozip device to stitch up stomach bulge
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Amid obesity, Israeli startup develops Endozip device to stitch up stomach bulge
Israeli company Nitinotes is developing a minimally invasive and fully automated gastrointestinal suturing system called Endozip to reduce stomach volume in patients with class one or class two obesity. The device will be inserted and removed through the mouth and esophagus, requiring minimal anesthesia and a short hospital stay. Nitinotes recently conducted a successful trial with 13 patients, and plans to conduct larger studies in Europe and the US. The company has raised a total of NIS 3.5 million ($673,000) in funding from various investors. Nitinotes aims to offer a safer, more effective, and competitively priced alternative to existing surgical solutions for obesity.
Customers
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Treating obesity without going under the knife
Israeli startup Nitinotes is developing Endozip, an automated suturing system performed via endoscopy, to bring the long-term benefits of bariatric surgery to individuals with a lower BMI. The technology aims to provide a noninvasive and cost-effective alternative to traditional surgery. Nitinotes has attracted nearly $6 million in investments from Elron and Accelmed. The company plans to complete all the clinical requirements for regulatory approvals within the next three years.
Investment
https://www.mtip.ch/en/news/2018-03/new-mtip-investment-nitinotes-series-round
