Trending: Too much spring in their step? Nike running shoe under scrutiny after record marathon times

vesifloMedical device maker Vesiflo has secured $650,000 in funding ahead of its commercial launch later this year.

The Redmond-based company, which makes a device that replaces traditional urinary catheters, may raise up to $2 million as part of its first round. Vesiflo’s Chief Business Officer Susan Robinson confirmed the funding, which was originally disclosed in a document filed with the Securities & Exchange Commission.

Robinson declined to provide other details, such as a list of investors.

Vesiflo’s product is a pump designed for women, who can no longer urinate spontaneously due to a medical condition, which is often the consequent of a stroke, Parkinson’s or diabetes. Vesiflo received clearance from the FDA to market its inFlow Urinary Prosthesis in October 2014, and plans to launch the product commercially this year.

Vesiflo management team has a strong track record of starting and running large biotech companies.

The company’s President and CEO Kevin Connolly previously founded Massachusetts-based SRS Medical, which is now owned by Schooner Capital. Prior to that, he was Founder and CEO of Davicon, a manufacturer of medical instruments that he also sold to a group of private investors.

Robinson’s name may also sound familiar. Previously, she was the CEO of Targeted Genetics, a struggling Seattle biotech company that was spun off from Immunex in 1989 and then bought by Genzyme for $7 million in 2009.

Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline

Comments

Job Listings on GeekWork

CTO-in-Residence // Co-FounderALLEN INSTITUTE FOR ARTIFICIAL INTELLIGENCE (AI2)
Application SpecialistCity of Missoula
Senior UI DesignerALLEN INSTITUTE FOR ARTIFICIAL INTELLIGENCE (AI2)
Find more jobs on GeekWork. Employers, post a job here.