Israeli laparoscopy co Gordian Surgical raises $1m

medical, medicine

Chinese venture capital firm Virtus Inspire and leading US surgeons invested in the Trendlines portfolio company.

Israeli laparoscopy surgical developer Gordian Surgical has raised nearly $1 million, including an investment from Virtus Inspire Ventures, a Chinese venture capital firm. Other participants in the round are leading US laparoscopic surgeons, including Prof. Barry Salky, and other investors.

Gordian Surgical was founded in late 2012 by CEO Zvi Pe’er. It is a Trendlines Medical portfolio company based at the Misgav Business Center in the Western Galilee.

Gordian will use the funds to complete US Food and Drug Administration (FDA) and European (CE) regulatory processes, start first-in-man (clinical) trials, and prepare for market penetration.

Gordian has developed an innovative trocar that offers surgeons a simple, economical solution for opening and suturing (closing) internal incisions made during laparoscopic surgery. The "two-in-one" trocar inserts sutures into the tissue surrounding the incision at the beginning of the procedure and anchors them to stay in place throughout the operation. The built-in closure mechanism enables surgeons to easily close the sutures when the trocar is removed at the end of the procedure.

Minimally invasive, laparoscopic procedures involve making a number of small incisions in the abdominal cavity for placing cameras and surgical tools. Despite the more than 10 million laparoscopic surgeries performed worldwide, the challenge of closing the abdominal incisions remains time-consuming, requires expertise, and poses risks of post-operation complications such as hernias.

Pe'er said, "This investment by a VC and senior surgeons is evidence of the confidence in our team and in the market potential of our products."

Trendlines Medical CEO Eran Feldhay said, "We are very proud of Gordian's progress as a company that is developing a simple, cost-saving trocar to reduce the risks and complications of laparoscopic procedures and has attracted global interest from investors and industry leaders."

Published by Globes [online], Israel business news - www.globes-online.com - on October 21, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

medical, medicine
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