Back in February the company received FDA 501k Clearance for the device. Wow, that’s a lot of money for a laser treatment for sweat or to stop sweat I should say. Maybe this was an important move as back in 2009 the FDA began considering anti- perspirants drugs and some reports said there was a possible connection between breast and prostate cancer with their use?? Do you believe everything you read these days, I hope not. There have been some commercials and ads lately about under arms and Steven Colbert did a great job with the exaggeration of arm pits.
If you don’t want to go this far, there are stick on pads too.
The investors include Aisling Capital and Cross Creek Capital, investors Domain Associates and Morgenthaler Ventures. Wow almost $40 million to address this problem as Steven Colbert says is one of the items directed towards women to make them feel less secure about themselves and creating a market from scratch. Is this going to be covered by Medicare <grin> and how would this fall into an ACO area for savings:) BD
Miramar Labs Inc. raised $35.8 million in a Series C funding round, leaving them just shy of their $36 million goal, according to an SEC filing.
The Sunnyvale, Calif.-based company's claim to fame is miraDry, a laser-based treatment for excessive underarm sweat. The device uses microwave energy to cook sweat glands in two hour-long noninvasive doctor's office visits.
The company plans to use the funds to begin marketing the device, according to Xconomy.