Wound Solutions Limited, exclusively advised by HMT, have successfully raised £2.5m in development funding from both new and existing investors. This will enable Wound Solutions to bring to market its initial product.
Wound Solutions is involved in developing an innovative solution for the healing of chronic wounds by combining the benefits of electrotherapy with the ability for continuous monitoring. Initial studies have shown strong potential for Wound Solutions’ first product and it is already in the midst of multinational clinical trials.
Richard Nagle (Chief Executive Officer and co-founder of Wound Solutions) commented:
“Wound Solutions has a valuable offering for the wound care market and has already attracted a significant level of attention from world-leading players in the market.”