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SynCardia raises $14M for smaller total artificial heart

December 17, 2013 By Mass Device

SynCardia pulls in another $14 million to develop a smaller version of its total artificial heart for bridge-to-transplant therapy.

SynCardia raises $14M for smaller total artificial heart

SynCardia said it brought in another $14 million funding round, led by a $10 million contribution from SWK Holdings, that it plans to use to develop a smaller version of its total artificial heart.

Tucson-based SynCardia said Athyrium Capital Management contributed the remaining $4 million as a follow-on to its $10 million investment in March.

The medtech company said it plans to use the cash to develop a 50cc version of its total artificial heart for bridge-to-transplant therapy for heart disease patients awaiting a transplant. SynCardia’s 70cc device is already approved in the U.S., Canada and countries that recognize the European Union’s CE Mark.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
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    • Motion Control
    • Prototyping
    • Pumps
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  • Med Tech Resources
    • Subscribe to Print Magazine
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    • Podcasts
    • Print Subscription
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  • 2022 Leadership in MedTech
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