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Ceros Financial Services Arranges $15 Million Financing For GT Metabolic Solutions

GT has made a know-how enabling incisionless bariatric, metabolic and digestive surgery

MIAMI, July 18, 2022 /PRNewswire/ — Ceros Economic Solutions announced that Ceros Capital Markets, its investment banking division, has accomplished an close to $15 million Sequence A spherical for GT Metabolic Remedies, which has developed minimally-invasive incisionless bypass technology for bariatric, metabolic and digestive medical procedures. The firm will apply the elevate to finish preliminary clinical trials for its incisionless Duodenal Ilial Bypass anastomosis for bariatric and metabolic surgery.

GT Metabolic’s technological innovation enables incisionless bariatric surgery and will involve no chopping, no suturing and no everlasting implant, enabling these strategies to shift to the outpatient surgical setting. The system functions by building a delayed anastamosis, a method that consists of the use of magnets to link the tissue and develop an anastomosis in a delayed method without the need of incision and the possibility of producing a leak. The business was co-launched by Thierry Thaure, who has 40 decades of knowledge as a medtech entrepreneur, and pioneer surgeon Michel Gagner, M.D., laparoscopic and bariatric surgeon who invented the LapSleeve process for bariatric operation, and who also serves as GT’s Chief Professional medical Officer.

“We feel that GT Metabolic has designed match-transforming technologies for bariatric medical procedures to assist patients having difficulties with obesity, a growing and highly-priced epidemic that leads to other severe wellness conditions. Too few possibilities at present exist for the surgeon currently. The firm’s platform is developed to be safer for the surgeon and individual, and additional charge-efficient for the health care procedure,” mentioned Mark Goldwasser, CEO of Ceros Money Services.

“We have developed our platform with the purpose of revolutionizing bariatric and metabolic surgical treatment. GT’s engineering permits a new portfolio of procedures that will enhance and expand the current market. We glimpse forward to shifting in advance with our scientific trials and in time commercialization of our technological know-how globally,” Thaure reported.

According to information from the CDC, the US weight problems prevalence was 41.9% in 2017 to March 2020. The estimated annual health-related charge of being overweight in the United States was practically $173 million in 2019 pounds.

Ceros focuses on fundraising for early-stage medical technologies and health-related machine firms that are developing disruptive systems, specifically for diagnostic and non-invasive techniques. Ceros accomplished $117 million in transactions in the medtech sector in 2021 and $145 million considering that 2020. The business is concentrating on to increase $150 million this year, Goldwasser reported.

In June, Ceros and Peregrine Ventures led an $18 million financing round for Cordio Health-related, which has created know-how to keep track of serious heart failure ailments by examining voice recordings in a basic smartphone application.

Ceros also not too long ago placed an added $10 million for DemaSensor, which types non-invasive tools that use device finding out and spectroscopy to assess pores and skin lesions for cancer. Ceros was an present investor in the firm. Previously this calendar year, the company announced a $15 million placement for Pristine Surgical, which has designed a solitary-use system for endoscopic treatments.

About Ceros Economical Providers, Inc.

Ceros Financial Companies, Inc. Member FINRA/SIPC (www.cerosfs.com) gives a detailed asset management and mutual fund suite for monetary advisors. Ceros solutions include things like RIA custody, hybrid advisors, corporate RIA, mutual fund advisory and distribution, and an outsourced trade desk. In addition, Ceros Funds Marketplaces, a division of Ceros Money, is a digital and classic system for the distribution of main offerings in medical equipment and secondaries in unicorns via Special Reason Automobiles (SPVs).

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Source Ceros Financial Solutions