Many diseases can cause incontinence in patients, and this symptom seriously affects the quality of life of patients. Although it can be treated by drugs or surgery, there is still a large demand for clinical devices for alternative surgical procedures. Recently, Torax, a biotechnology company focused on sphincter medical device development, completed a $25 million Series E round of financing to promote bowel movements caused by sphincter weakness caused by digestive diseases, obesity, etc. Incontinence of new medical devices. These products also provide patients with an alternative to medical treatment and surgical treatment.
Torax currently has two products - the Linx Reflux Management System and the Fenix ​​Continence Restoration System - which are available in the US and European markets. Among them, Linx Reflux Management System is mainly used to treat gastroesophageal reflux disease (GERD), while Fenix ​​Continence Restoration System is used to treat fecal incontinence.
The FDA approved the listing of Fenix ​​equipment in the US market in December last year. This surgical replacement device provides patients with a non-invasive treatment. The device is used to treat patients with fecal incontinence who are not treated with medication or diet conditioning. The Fenix ​​system is mainly divided into implants, anal sphincter analogs, and guiding devices. The magnetic beads in the implant can help the anal sphincter to control anal opening and closing.
The financing also attracted many famous investment companies. Among them, the venture capital division of the pharmaceutical giant Johnson & Johnson led the dispute financing, and the remaining investors include Kaiser Permanente Ventures, Piper Jaffray Companies and the famous Mayo Clinic Ventures.
Toax Berg, CEO of Torax, said in a statement that the Linx system and the Fenix ​​system have achieved great commercial success and have established a good reputation in the field. In the future, the company will further promote the promotion of two devices to help more patients to alleviate the pain.
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