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Beijing Hengsheng Medical Completes $6 Million Funding for Coronary Devices

publication date: Jan 23, 2020

Beijing Hengsheng Medical, a coronary medical device company, completed a $6 million Pre-A financing for its portfolio of drug-eluting stents, balloon catheters and accessories. The company has developed a drug-eluting balloon catheter with a proprietary "self-perfusion" technology that has begun late stage trials. HS Medical expects it will complete the clinical trial and apply for registration of the product in the first half of 2020, with a 2021 launch. The company says most balloon catheters in this class that are available in China come from foreign manufacturers. More details....

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