Predict your next investment

HEALTHCARE | Medical Devices & Equipment
aqueductmedical.com

See what CB Insights has to offer

Founded Year

2003

Stage

Series A | Alive

Total Raised

$1M

Last Raised

$1M | 17 yrs ago

About Aqueduct Medical

Aqueduct Medical is a Healthcare/Medical Devices & Equipment company based in San Francisco, California. Aqueduct Medical has received investment from Finaves.

Aqueduct Medical Headquarter Location

665 Third Street Suite 20

San Francisco, California, 94107,

United States

877-365-4325

Latest Aqueduct Medical News

Israel’s Aqueduct gets FDA nod for cervical device

Sep 5, 2016

Nazareth Aqueduct Medical, a Nazareth-based medical device startup, said Monday it received FDA approval for a product that enables cervical dilation in a short, three- to five-minute process without a need for general anesthesia. This means the procedure, used for diagnosis, abortions or removal of uterine polyps, may not have to be performed in an operating room, as currently required. Marketing of the Aqueduct 100 product, registered as intellectual property of the company, is expected to start in the first quarter of 2017 in Europe and in the third quarter of 2017 in the United States, the company said in a statement. The startup, which is part of the NGT3 technology incubator in Nazareth, is currently holding clinical trials for marketing in Europe after getting CE marking (European Conformity certification) in February this year. The device is expected to be available in Israel, after approval from the Health Ministry, during 2017. The target audiences for this device are gynecologists in medical centers, outpatient clinics, and private clinics, who will be able to purchase the device through distributors. Aqueduct 100 performs radial dilation through insertion of balloons together with a catheter that injects a saline wash and gently dilates the cervix. The device reduces the risk of infection and perforation of the cervix and does not require local or general anesthesia, and therefore it can be performed in medical center outpatient clinics and in private clinics. Current methods for cervical dilation take time and require anesthesia to alleviate the pain of the procedure. In addition, patients are exposed to potential complications following the procedure, Aqueduct said. In the United States alone, three million gynecological procedures that require cervical dilation are performed annually, along with a similar number in Europe, among a total 10 million such procedures in all potential markets for the Aqueduct Medical device, the company said. Since its establishment in 2013 by the entrepreneur Omer Harpaz, Aqueduct Medical has raised $1.3 million, from the Office of the Chief Scientist in the Ministry of the Economy, private investors, and NGT3. The company is preparing for a second round of financing for $3 million. The funds raised will allow the company to set up a distribution network in Europe and in the United States, and continue to hold clinical trials for marketing purposes, while building a database of clinical data, based on the work at medical centers in various countries. Aqueduct 100 is the first device developed by the company, which aims to create advanced tools for obstetrics and gynecology. “Aqueduct brings a unique product to the market that enables reducing the overload in operating rooms and reduces the pain and risks for the patients. This is a tremendous advantage and a significant achievement,” Zohar Gendler, the CEO of NGT3, said in the statement. NGT3 is a venture capital fund with a franchise from the Office of the Chief Scientist in the Economy Ministry to operate as a technology incubator in the field of life sciences. It invests in early-stage technology startups and aims at fostering technology partnerships between Israel’s Jewish and Arab populations. “The advantages of the device stem from the simplicity of operation and the ability to achieve the required cervical dilation safely and quickly,” Dr. Amnon Weichselbaum, CEO of Aqueduct Medical, said in the statement. “The results of clinical trials attest to that, as well as the positive feedback from physicians who have tried the device.”

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Aqueduct Medical Patents

Aqueduct Medical has filed 3 patents.

The 3 most popular patent topics include:

  • Gynaecology
  • Human female reproductive system
  • Medical equipment
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/22/2018

6/15/2021

Pelvis, Women's health, Human female reproductive system, Gynaecology, Medical equipment

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

3/22/2018

00/00/0000

00/00/0000

Grant Date

6/15/2021

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Related Topics

Pelvis, Women's health, Human female reproductive system, Gynaecology, Medical equipment

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.