American Medical Systems joins consortium investing $12.6m in US-based peer NxThera.

Nasdaq-listed medical device maker American Medical Systems (AMS) has led the $12.6m series B round for US-based peer NxThera.

Venture capital (VC) firms Arboretum Ventures, Aberdare Ventures and GDN Holdings reinvested in the B round. The VCs had previously invested $6m in NxThera, according to news provider MedCity News.

Robert Paulson, executive president of NxThera, who formerly sold Restore to Medtronic for nearly $30m in 2008, said: "We are very pleased to have AMS, the global leader in world-class…