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An opportunity exists for wholesale investors to register interest to invest in Memic Innovative Surgery Limited (“Memic”).
Background
Memic is seeking USD60m on a most recent pre-money valuation of USD150m, with proceeds to be applied to sales & marketing, R&D/ IP, clinical development & regulatory, manufacturing scale up and general costs
Memic has set out to transform robot-assisted surgery, with proprietary technology that has the potential to far surpasses today’s best solutions. This has been delivered by Memic’s Hominis™ which can provide unprecedented access and manoeuvrability. Its surgical platform features miniature, humanoid-shaped robotic arms with human dexterity, superhuman flexibility, and 360˚ articulation for various access configurations. It is dramatically smaller, more versatile and less costly than current robotic platforms and the technology opens up a host of minimally-invasive procedures that until now have been off-limits to robot-assisted surgery.
Some pipeline indications include abdominal single and multi-port surgery, as well as procedures performed in a trans-oral approach. Memic envisions a near future where numerous indications – and millions of patients – will benefit from these disruptive capabilities.
People
Maurice R. Ferré, MD has been appointed as chairman of Memic’s board of directors, following the company’s latest USD10m investment round. Signing on as a private investor, Mr. Ferré has over 20 years of experience in the medical device industry. He currently serves as CEO and chairman of the board of directors of INSIGHTEC, which delivers incisionless surgery using focused ultrasound guided by MRI.
A longtime innovator and entrepreneur, Dr. Ferré has founded and managed several world-leading companies in the field of precision, robotic, and image-guided surgery, making him ideally suited to chair Memic’s unique robot-assisted surgical technology.
Regulatory Approval
The company is in a process seeking the appropriate FDA approvals – the capital raise is subject to those approvals being received.
An overview of the company and its initiatives can be accessed in Documents as can a timeline of the FDA approval process.
Summary of Investment highlights:
To visit Memic’s website click here.
The PPM will be made available on registration of interest.
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