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FINANCIAL NEWS
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Neomend raises $30 million, continued ...Published: January 01, 2010


ProGEL is a sealant that is made up of human serum albumin and a component of polyethylene glycol. When the two are mixed, they form a strong, flexible coating.

"In addition to thoracic surgery, ProGEL has potential applications in spinal, gynecological and general surgery, as well as in adhesion prevention," says Renzi.

The funding is among a number of recent developments for Neomend: The firm also recently received FDA premarket approval for the use of ProGEL Pleural Air Leak Sealant during thoracic surgery, according to Timothy Mills, Ph.D., a partner at Sanderling.

"These two developments perfectly position the company for multiple product launches tied to this unique biomaterial," he finishes.

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