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MedAlliance Secures $50M To Aid Trials And Commercialization

 
• By Barnaby Pickering

Trustar Capital’s investment will allow MedAlliance to pursue commercialization of its drug eluting balloon and further its trial efforts.

Balloon

Switzerland-based MedAlliance, a company producing drug-eluting balloons (DEBs), has raised $50m in a private equity round. The investor is Trustar Capital. 

The proceeds will fund commercialization of its SELUTION SLR balloon, and support four new FDA investigational device exemption studies this year. 

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