January 16, 2014
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Ivantis raises $46.5 million in Series B funding

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Ivantis has secured an additional $14 million from Vertex Ventures and GBS Ventures in the final close of its Series B financing, bringing the total amount raised to $46.5 million, according to a press release.

The funds will support the company’s three large ongoing clinical trials, including the U.S. pivotal trial of the Hydrus microstent.

The Hydrus, designed to reduce IOP by re-establishing the patient’s natural outflow pathway, is about the size of an eyelash and placed through a minimally invasive microsurgical procedure, according to the release.