Search company, investor...

ThermalTherapeutic Systems

thermaltherapeutics.com

Stage

Unattributed | Alive

Total Raised

$3.03M

Last Raised

$80K | 12 yrs ago

About ThermalTherapeutic Systems

ThermalTherapeutic Systems is currently developing a portable next-generation perfusion device for international distribution.

Headquarters Location

Pittsburgh, Pennsylvania, 15219,

United States

Missing: ThermalTherapeutic Systems's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: ThermalTherapeutic Systems's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Latest ThermalTherapeutic Systems News

ThermalTherapeutic raising funds to commercialize perfusion device

Nov 15, 2011

Share / Nov 15, 2011 at 2:43 PM ThermalTherapeutic Systems has raised $800,000 toward a round of investment that will fund the commercial launch of its hyperthermic perfusion device. The portable device, called the VeraTherm , received U.S. Food and Drug Administration clearance in March 2010. The 26-pound device is used to pump heated or unheated fluid into patients’ abdomens or chest cavities. Hyperthermic perfusion is sometimes used in treating cancer. The procedure involves a warmed solution containing anticancer drugs that is used to bathe, or is passed through the blood vessels of, the tissue or organ containing a tumor. Newly hired CEO Gardiner Smith said the Pittsburgh-based company is in the midst of raising a series B round to fund commercialization of the device. A document filed with the U.S. Securities and Exchange Commission said the company was targeting $2 million for the round, but Smith said the amount of equity funding the company raises will likely depend on how well the device sells. Advertisement The latest funding comes from existing investors, including Bethlehem, Pennsylvania-based Originate Ventures , which led the company’s $2.75 million series A round in 2009, Smith said. ThermalTherapeutic is also looking to begin selling the device in international markets, according to Smith. “The hyperthermic perfusion market is one where the unmet medical need is high, and we believe it’s a largely untapped market,” Smith said.  

ThermalTherapeutic Systems Frequently Asked Questions (FAQ)

  • Where is ThermalTherapeutic Systems's headquarters?

    ThermalTherapeutic Systems's headquarters is located at Pittsburgh.

  • What is ThermalTherapeutic Systems's latest funding round?

    ThermalTherapeutic Systems's latest funding round is Unattributed.

  • How much did ThermalTherapeutic Systems raise?

    ThermalTherapeutic Systems raised a total of $3.03M.

  • Who are the investors of ThermalTherapeutic Systems?

    Investors of ThermalTherapeutic Systems include Pittsburgh Life Sciences Greenhouse, Innovation Works and Originate Ventures.

  • Who are ThermalTherapeutic Systems's competitors?

    Competitors of ThermalTherapeutic Systems include ALung Technologies, ADVOS, DFine, Penumbra, Hotspur Technologies and 12 more.

Compare ThermalTherapeutic Systems to Competitors

A
Acorn Cardiovascular

Acorn Cardiovascular is a medical device company pursuing treatments for patients with heart failure. Acorn

A
Antivirals

Antivirals is engaged in the discovery of agents that inhibit replication of human pathogenic viruses.

A
ADVOS

ADVOS is a combined multi-organ support system for liver, lung, kidney, and acid-base balance. Based on the principle of albumin dialysis, ADVOS allows both extracorporeal elimination of CO2, hepatic toxins, and water-soluble & protein-bound nephrotoxins, as well as the correction of metabolic and respiratory acidosis. The ADVOS procedure works with dialysis-usual access and flow rates and does not require a gas exchanger for CO2 elimination.

F
Fairway Medical Technologies

Fairway Medical Technologies is an FDA registered medical device, design, development and manufacturing company. It invents, innovates, and invests in medical technologies. In addition to supporting early stage startups with technology and business development, Fairway helps them obtain SBIR (Small Business Innovative Research) and other commercialization grants. As of 2009, Fairway and its Portfolio Companies have received over $15 Million in grants from the National Institute of Health (NIH) and the State of Texas' Emerging Technology Fund (ETF).

W
Windy Hill Medical

Windy Hill Medical is a medical device and pharmaceutical company focused on the development of products to reduce the risk of developing breast cancer in patients deemed to be at high risk.

A
AllTranz

AllTranz aims to provide relief from chronic pain to patients outside the hospital setting.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

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.