Valeritas Financing Round Tops VC Deals for Second Half of 2011 04/02/2012Posted by Morse, Barnes-Brown Pendleton in Client News.
Tags: financing, medical devices, Valeritas, venture capital
In September 2011, MBBP client Valeritas, Inc., a medical technology company focused on the development and commercialization of innovative drug delivery solutions, announced it had completed a significant Series C round of financing of $150 million. According to a recent listing by Fierce Medical Devices this Series C Financing was the top venture capital deal in the medical devices space in the second half of 2011. Other companies to make this list include Intuity Medical ($76M), HeartFlow ($65M) , and AcuFocus ($65M), all three based in California.
Valeritas has planned to use the funding to support the commercialization of its V-Go disposable insulin delivery device, an alternative to multiple daily insulin injections.