Coloplast's faith in a potential vapor ablation treatment for prostate cancer has grown stronger, having participated in a series B equity financing round of the US-based medtech company behind the treatment, the Danish company reports in its year-end report from 2020/2021.
Francis Medical has previously announced that the Series B financing round has brought the company USD 55m in funding. The Series B round was led by venture capital firm Solas Bioventures with previous investors participating, including Coloplast, which became an investor in the company with USD 4m in September 2020.
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