Okami Medical today announced the closing of a $32.5M financing led by new investor Vensana Capital and joined by existing investors including U.S. Venture Partners, members of Okami’s board of directors, and other medical device industry veterans. Okami was launched by medical device incubator Inceptus Medical, whose principals previously founded other category-defining vascular companies including Inari Medical, Sequent Medical, and MicroVention.
The financing provides Okami with capital to accelerate development and commercialization of its innovative catheter-based technologies for peripheral vascular occlusion. To-date, Okami has developed the LOBO® Vascular Occlusion System and the SENDERO® Microcatheter. The LOBO Vascular Occlusion System is uniquely designed to provide interventional physicians with a single-device, one-and-done solution for the occlusion of a wide range of peripheral arterial targets without the need for multiple embolic devices. The SENDERO Microcatheter is designed for smooth delivery of interventional devices, while providing optimal trackability through tortuous peripheral vessels.
“We are honored to have the support of Vensana and our existing investors to advance these important technologies and deliver them to patients,” said Rhonda Robb, President and CEO of Okami. “We are also grateful for the support and contributions of our employees and physician partners as we work tirelessly to build the market leader in vascular occlusion.”
“LOBO and SENDERO address many of the shortcomings of traditional coils and vascular plugs. Designed for predictable, rapid, and durable occlusion, the platform represents a meaningful step forward in the treatment of vascular disease,” commented Mike Kramer and Kirk Nielsen of Vensana Capital. “We are excited to work alongside the Okami team to bring these and other important technologies to patients and to partner with longtime colleagues and co-investors to build another market-leading vascular company.”
The LOBO (LOw-profile Braided Occluder) system enables treatment of vessel ranges from 1.5mm to 9.0mm with just four sizes and combines a patented design with proprietary HDBRAID® technology to create a highly occlusive pore structure that substantially reduces blood flow and accelerates vessel closure. The advanced technology platform enables the fast and efficient closure of blood vessels throughout the body for the successful treatment of a diverse set of conditions.
The SENDERO Microcatheter is 510(k) cleared by the U.S. FDA and is purpose-built and optimized for the delivery of LOBO-3 and LOBO-5. Its design incorporates a hydrophilic coating, stainless steel braid, and radiopaque marker band to optimize trackability and enable precise placement of interventional devices, while a lubricious PTFE inner liner allows for low-friction delivery of interventional devices.
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