GIE Medical, Inc.
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GIE Medical, Inc. - overview
Established
2018
Location
Brooklyn Park, MN, US
Primary Industry
Medical Devices & Equipment
About
Based in Minnesota, US, and founded by Lixiao Wang (CEO) in 2018, GIE Medical, Inc. , a spun out of Urotronic, Inc. operates as a clinical-stage medical equipment manufacturing company. In September 2023, the firm was acquired by Laborie Medical Technologies Corp.
, a portfolio of Patricia Industries, for USD 5 million. The company develops technologies in the field of gastroenterology to overcome the challenges faced by patients suffering from benign strictures of the esophagus and bowel, specifically the small intestine, colon, and rectum. GIE Medical has launched two large, multicenter randomized controlled clinical trials in the US, and the solution offered by the firm is ProTractX3™ 3-Stage TTS DCB (Drug-Coated Balloon), an investigational device in the US. ProTractX3™ 3-Stage TTS DCB has the potential to provide sustained patency, reducing the need for frequent treatments and enhancing patients' overall well-being.
Current Investors
Laborie Medical Technologies Corp.
Primary Industry
Medical Devices & Equipment
Sub Industries
Surgical Devices
Website
www.giemedical.com
Verticals
HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
GIE Medical, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | GIE Medical, Inc. | - |
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