BORDEAUX, France--(BUSINESS WIRE)--After obtaining the CE marking for the medical device Y-STRUT® in August 2015, HYPREVENTION recorded its first sales in France and signed its first distribution agreement in Belgium. To continue its business development in Europe and in many emerging countries. HYPREVENTION raised € 750,000 end of 2015. Investors comprised Expanso CAPITAL, a subsidiary of the Caisse d'Epargne Aquitaine Poitou Charente, as well as the Be Angels, Business Angels Switzerland and Cercle des Investisseurs de Genève.
About Y-STRUT®:
The implant Y-STRUT®,
developed by HYPREVENTION, aims at preserving the autonomy and quality
of life of the patients who are at risk of hip fracture. Hip fracture is
a major public health problem which frequently causes dependency and
associated expenses.
Y-STRUT® is used in two clinical
indications. In trauma, for the biomechanical reinforcement of
the proximal femur in patients having incurred a low energy trochanteric
fracture on the other side, and in oncology, for percutaneous
internal reinforcement of impending pathological fractures of the
proximal femur.
About HYPREVENTION:
HYPREVENTION was created in 2010 by
Cécile Vienney (CEO) and 3 orthopaedic surgeons. HYPREVENTION is a
French company that develops, manufactures and markets innovative
implantable medical devices to address major public health issues.
HYPREVENTION was supported in its early development by the French public
actors such as BPI France and the Regional Council of Aquitaine.
Thanks
to the recent fund raising, HYPREVENTION can now further develop its
sales team and implement the opportunities it identified in Europe,
South America and the Middle East. HYPREVENTION can now not only pursue
its scientific agenda through clinical trials focused on patient’s
benefit, but also the planned health economy studies necessary to
support the hip fracture prevention approach as a goal to avoid health
costs.
About Expanso CAPITAL:
Expanso CAPITAL is the capital
investment subsidiary close to the Caisse d'Epargne Aquitaine
Poitou-Charentes, dedicated exclusively to assist corporate clients of
the bank, regardless of their activities and their maturity stage, and
this with "tickets " of € 50,000 to € 300,000.
About the Caisse d'Epargne Aquitaine Poitou Charentes:
Caisse
d'Epargne Aquitaine Poitou Charente is a cooperative regional bank owned
by its 334,300 member clients with which it shares its democratic
values, territorial roots and solidarity. Covering the 9 departments of
Aquitaine and Poitou-Charentes regions, CEAPC enjoys optimum territorial
coverage with 3 administrative sites, 10 business centres, sales offices
and 376 e-agency’s. Its 2800 employees are serving 2 million customers,
individuals, professionals, companies and regional market makers. A
committed bank, CEAPC is developing an ambitious CSR policy based on
strong convictions and relevant actions around the following themes:
customer relationships, human resources, environment, governance,
regional social and economic life.
About Be Angels:
Be Angels is the active business angel
network in the Walloon Region and the Brussels-Capital Region. With 15
years of experience, the network organizes a monthly event in which four
companies seeking financing, usually in start-up phase, present their
project to its member investors. Business angels are willing not only to
invest, but also to support project promoters in accordance with their
needs. Be Angels allows its members to invest according to their wealth,
time availability, and investment objectives.
About BAS :
BAS (Business Angels Switzerland), the largest
business angels club in the country, showed interest for Hyprevention
from the outset. BAS supports start-up companies through capital
financing, expertise sharing and know-how, as well as personal contacts
and access to its network; it is with this mind-set that its support
forHyprevention materialised. BAS members invest their own time and
money, and financed more than 80 enterprises within the framework of the
club.
