Medical device company Portal Instruments has received $11m in a series A round featuring investment vehicle Sunrise, to develop needle-free drug delivery systems.
US-based medical device company Portal Instruments has raised $11m in a series A round that included Sunrise, the early-stage investment vehicle of France-based pharmaceutical company Sanofi.
Venture Capital firm PBJ Capital and an undisclosed US-based medical device company were also involved.
Portal Instruments develops drug delivery systems. The new funds will be used to support the advancement of a needle-free delivery system for administrating biological drugs.
Following the round, Portal has also announced the establishment of its corporate headquarters in…
