Monday, January 14, 2019

PQ Bypass Takes $60M

Sunnyvale-based PQ Bypass, a startup developing medical devices to treat Peripheral Arterial Disease (PAD), said last week that it has raised $60M in an equity funding round. The funding was led by Deerfield Management, and also included Seroba Life Sciences and MedTech Venture Partners. According to PQ Bypass, the round also included conversation of approxiomately $15M in convertible debt and interest into equity. Richard Ferrari is Chairman and CEO of PQ Bypass, which says its technology treats long blockages in leg arteries caused by PAD.