Trending...
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
FAYETTEVILLE, Ark. - nvtip -- FAYETTEVILLE, Ark. – Lineus Medical announces the completion of a $4.579 million Series C funding round. The Series C round allowed Lineus Medical to expand its sales and clinical education team, secure international regulatory clearances, and obtain additional U.S. and international patents which positions the organization for continued growth and expansion. Since its founding in 2015, Lineus Medical has raised a total of $11.5 million, supporting the continued development and commercialization of its flagship product, SafeBreak® Vascular.
SafeBreak Vascular is the only break-away device for IV lines clinically proven to reduce IV complications1. When a harmful force is placed on the line, SafeBreak intentionally separates to remove the damaging force and protect the patient's IV. When SafeBreak separates, valves on both ends of the device close preventing medicine spills from the pump and blood loss from the patient. To replace SafeBreak, each component is unthreaded from the line, a new sterile SafeBreak is installed, and the patent's infusion is restarted. Patients avoid additional needlesticks, nurses save time, and hospitals save money1.
More on nvtip.com
Vance Clement, Lineus Medical's CEO stated, "Our investors have seen us through the trials and tribulations of starting a medical device business, obtaining FDA De Novo clearance for a new class of product, and completing several successful clinical trials. We continue to gain customers and gain market traction. We thank our investors for their support through the pandemic and over the past three years, which has been a very difficult market to raise funds. Our investors believe, as does the Lineus Medical team, that this is only the beginning. We will continue to strive to make break-away devices the new standard of care for IV lines, and SafeBreak the preferred choice of nurses around the world.
We would also like to thank the hospitals and nurses that are our customers. Without you, we are nothing. You are the early adopters and the innovators that show your patients that you care by reducing needlesticks and IV restarts. It takes vision, guts and determination to evaluate and bring new technology into your hospital. We thank you.
More on nvtip.com
With these funds, we will continue to expand our customer base, lower the manufacturing cost and price of our product, and conduct clinical research showing the value of break-away devices for all types of IV lines and patients of all ages."
About Lineus Medical:
Lineus Medical is the developer of a break-away technology that is proven to reduce IV restarts and IV complications1. Our mission is to remove the pains associated with medical lines. More information about Lineus Medical can be found at www.lineusmed.com. Follow Lineus Medical on LinkedIn.
References:
1. Data on File
SafeBreak Vascular is the only break-away device for IV lines clinically proven to reduce IV complications1. When a harmful force is placed on the line, SafeBreak intentionally separates to remove the damaging force and protect the patient's IV. When SafeBreak separates, valves on both ends of the device close preventing medicine spills from the pump and blood loss from the patient. To replace SafeBreak, each component is unthreaded from the line, a new sterile SafeBreak is installed, and the patent's infusion is restarted. Patients avoid additional needlesticks, nurses save time, and hospitals save money1.
More on nvtip.com
- Dr. Aubrey de Grey Brings Cutting-Edge Science to RAADfest 2025: LEV Foundation Partners with Coalition for Radical Life Extension
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
Vance Clement, Lineus Medical's CEO stated, "Our investors have seen us through the trials and tribulations of starting a medical device business, obtaining FDA De Novo clearance for a new class of product, and completing several successful clinical trials. We continue to gain customers and gain market traction. We thank our investors for their support through the pandemic and over the past three years, which has been a very difficult market to raise funds. Our investors believe, as does the Lineus Medical team, that this is only the beginning. We will continue to strive to make break-away devices the new standard of care for IV lines, and SafeBreak the preferred choice of nurses around the world.
We would also like to thank the hospitals and nurses that are our customers. Without you, we are nothing. You are the early adopters and the innovators that show your patients that you care by reducing needlesticks and IV restarts. It takes vision, guts and determination to evaluate and bring new technology into your hospital. We thank you.
More on nvtip.com
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Nevada Real Estate Agent David Crane Helping Families Find Their Dream Home
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
With these funds, we will continue to expand our customer base, lower the manufacturing cost and price of our product, and conduct clinical research showing the value of break-away devices for all types of IV lines and patients of all ages."
About Lineus Medical:
Lineus Medical is the developer of a break-away technology that is proven to reduce IV restarts and IV complications1. Our mission is to remove the pains associated with medical lines. More information about Lineus Medical can be found at www.lineusmed.com. Follow Lineus Medical on LinkedIn.
References:
1. Data on File
Source: Lineus Medical
0 Comments
Latest on nvtip.com
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Pacsun Joins UFC International Fight Week with Exclusive Collection and First-Ever UFC X Activation
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Christina Aldan Announces Website Update Highlighting Massage Therapy Training
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- Intelligent Technical Solutions Appoints Dave Dyas as Senior Vice President of Channels & Alliances
- Wingderm USA Takes the Lead at TAS 2025, Cementing Its Local Presence in the U.S. USA - English USA - English USA - Français USA - Deutsch USA - español
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Speedy Weddings Launches Same-Day Online Marriage Service for Couples Worldwide