UroMems, a pioneering global company specializing in mechatronics technology for treating stress urinary incontinence (SUI), has secured $47 million in its Series C financing round, marking a record fundraising achievement for the company. This capital infusion will propel pivotal clinical trials of their groundbreaking UroActive™ System, the world’s first smart automated artificial urinary sphincter (AUS) designed to address SUI.
Led by Crédit Mutuel Innovation, the Series C round also saw participation from the European Innovation Council and existing investors Wellington Partners, Bpifrance, Supernova Invest, Hil-Invent, b-to-v Partners, and Financière Arbevel.
“The UroActive System represents a significant leap forward in SUI treatment, and we are proud to support UroMems in this pivotal phase of clinical development,” remarked Jérôme Feraud, Head of Health Division at Crédit Mutuel Innovation. “With promising clinical data and enthusiastic feedback from patients and clinicians, we believe UroActive has the potential to set a new standard in patient care.”
Founded under the leadership of Chief Executive Officer Hamid Lamraoui and Chief Medical Officer Professor Pierre Mozer, UroMems has achieved notable milestones in R&D and clinical outcomes. The Series C funding follows successful outcomes from pilot clinical trials, demonstrating the UroActive System’s efficacy and durability in improving patient quality of life.
“We are immensely grateful for the continued confidence and support of our investors as we advance toward regulatory submissions and commercialization,” stated Lamraoui. “This funding underscores our commitment to addressing the significant unmet needs of millions affected by SUI, offering hope for a better quality of life.”
Stress urinary incontinence affects approximately 40 million Americans and 90 million Europeans, severely impacting daily life and mental health. UroMems’ innovative approach aims to enhance safety, performance, and patient experience through its proprietary bionic platform, which integrates smart, digital, and robotic systems. www.uromems.com.
Significance of UroMems’ Breakthrough:
UroMems’ UroActive System has the potential to revolutionize SUI treatment. Here’s why:
- First-of-its-kind: It’s the world’s first smart, automated artificial urinary sphincter (AUS). This technology offers a potentially less invasive and more patient-centric approach compared to traditional AUS options.
- Improved Patient Outcomes: Pilot trials have shown positive results in improving patient quality of life, addressing a condition impacting millions globally.
- Addressing Unmet Needs: SUI significantly affects daily life and mental well-being. UroMems’ technology offers a promising solution for a widespread yet under-addressed medical concern.
Editorial Opinion: UroMems on the Right Track with Strong Backing
UroMems’ strategic direction positions them as a frontrunner in SUI treatment. Their focus on a smart AUS system aligns with the growing demand for minimally invasive and patient-centered medical devices. The successful funding round led by established investors like Crédit Mutuel Innovation further validates their approach and provides crucial resources for clinical trials and commercialization. With promising technology and strong financial backing, UroMems is poised to make a significant impact on the lives of millions struggling with SUI.
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