Aqua Medical secures Series B for diabetes clinical program
Relevance Ventures led financing to complete the RESTORE-1 pilot study and prepare a planned US pivotal trial.
The amount was not disclosed. The investor announced the financing on September 23, followed by Aqua Medical’s announcement the next day.
Aqua’s investigational PIMA procedure treats targeted tissue in the small intestine using radiofrequency-generated vapor delivered through an endoscope. The planned pivotal trial remains subject to regulatory authorization.
Use of funds
Complete RESTORE-1 pilot study
Prepare planned US pivotal trial