Overview

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Status
Acquired by on November 21, 2011
Total Equity Funding
$15M in 1 Round from 6 Investors
Headquarters:
Sunnyvale, CA
Description:
GI Solutions focuses on the ongoing research and treatment of Barrett's esophagus for the treatment of patients diagnosed with the disease.
Founders:
Categories:
Health Care, Health Diagnostics, Medical
Website:
http://www.barrx.com
Social:

Company Details

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Founded:
2003
Contact:
408-328-7300
Employees:
51 - 100 | 3 in Crunchbase

BÂRRX Medical, Inc. develops endoscopic treatment solutions for Barrett’s esophagus and other chronic gastroenterological diseases. Barrett’s is a precancerous condition of the lining of the esophagus (swallowing tube) caused by gastroesophageal reflux disease, or GERD. The company’s HALOFLEX, HALO360 and HALO90 ablation systems are designed to provide a uniform and controlled ablation effect, in order to remove diseased tissue and allow re-growth of normal cells.

A multi-center randomized, sham-controlled study, published in the New England Journal of Medicine in 2009, studied HALO radiofrequency ablation applied in the highest risk Barrett’s population (those having dysplasia). The ablation group had a high rate of complete eradication of dysplasia and intestinal metaplasia and a significantly decreased rate of disease progression and cancer development, as compared to the control group. In another study (AIM-II) published in Gastrointestinal Endoscopy, 98.4% of treated patients were Barrett’s-free after two and a half years of follow-up.

The HALO systems are cleared by the FDA for use in the United States and each have CE Mark for use in Europe. More than 58,000 procedures have been performed in over 400 hospitals around the world. Based in Sunnyvale, Calif., BÂRRX Medical, Inc. was founded in 2000 and is privately-held.

Funding Rounds (1) - $15M

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DateAmount / RoundValuationLead InvestorInvestors
Jul, 2010$15M / Series D6

Current Team (3)

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Board Members and Advisors (3)

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Offices/Locations (1)

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  • Office

    540 Oakmead Parkway

    Sunnyvale, CA 94085

    USA

Past Team (2)

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