Follow the Money to Medical Devices & Diagnostics
Spotlight on SetPoint Medical Corp.
Follow the Money to Medical Device & Diagnostic Opportunities highlights a newly funded medical device or diagnostic company. This includes important insights into the featured company’s product pipeline, manufacturing and business relationships, and likely sourcing opportunities.
SetPoint Medical is a US private company that focuses on implantable neuromodulation devices to treat inflammatory diseases such as Crohn’s disease and rheumatoid arthritis. It raised $30 million in the completion of a venture capital investment as reported in the PharmSource Lead Sheet on August 31, 2017.
- SetPoint Medical was founded in 2006
- Corporate Headquarters: Santa Clarita, CA
- SetPoint Medical plans to use the proceeds to support the clinical development of its Bioelectronic therapy implant for the treatment of chronic, debilitating inflammatory diseases.
Device: Bioelectronic therapy implant
Development Phase: Pilot studies
Medical Specialty: Immunology/Autoimmunity
Purpose: Device – Therapeutic/Interventional
Type: Implant – Other; Electrode/Stimulator
Description: A bioelectronic implant that activates the body’s natural inflammatory reflex to produce a systemic anti-inflammatory effect for the treatment of rheumatoid arthritis.
- March 2017: An undisclosed amount in a completed venture capital investment
- September 2015: $15 million in a completed venture capital investment
Medical Device & Diagnostics Pipeline1
|Product Candidate||Indication||Medical Specialty||Purpose||Type||Status|
|Bioelectronic therapy implant||Rheumatoid arthritis||Immunology/
|Device – Therapeutic/
|Implant – Other;
1Source: PharmSource Lead Sheet
|SetPoint Medical Corp.||Key Officers|
|25101 Rye Canyon Loop||Anthony Arnold, CEO|
|Santa Clarita, CA, 91355 USA||Kevin Wilkin, Director, Quality|
|Phone: +1-661-750-6140||David Chernoff, MD, CMO|
|Web: https://setpointmedical.com/||Lusin Markaryan, VP, Regulatory Affairs|
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