iScience sees $20.5M for eye surgery instruments
iScience Interventional, maker of surgical tools for eye operations, has closed a prolonged sixth round of funding at $20.5 million after facing a bit more of a challenge due to the economic climate. The money will be used to commercialize its line of micro-catheters used to remove fluid from or deliver medication to the back region of people’s eyes. It hopes to have them on the market by the end of 2010 at the latest, reports VentureWire.
The recent round of financing was led by Johnson & Johnson Development Corp. and included Affinity Capital Management, Clarian Health Ventures, L Capital Partners, Asset Management Company, De Novo Ventures, Prism VentureWorks and Three Arch Ventures. Menlo Park, Calif.-based iScience had previously raised $47 million, the round before this bringing in $20 million in 2007.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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