Bringing the total funds raised by Nitinotes to $11.5M, this funding will go towards finalizing the development of the Endozip automated suturing system, and execution of a multi-center pilot study in the EU.
Endoscopic gastroplasty and gastric volume reduction techniques have been shown to achieve significant weight loss and improvement in comorbid conditions.
"Safety and Feasibility of a Novel Endoscopic suturing device For The treatment Of Obesity"
Nitinotes is a member of a rising class of companies operating in endoscopic gastroenterology, which aim to help underserved patients that have diseases of the GI system.
Caesarea-based Nitinotes says it is working on a safe, automated, and minimally invasive suturing solution, tailor-made to help with weight reduction