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CereVasc Lands $44M for New Medical Device to Drain “Water on the Brain”

Xconomy

Photo: iStock/iLexx

xconomy.com

When fluid builds up in the brain faster than the body can absorb it, pressure builds sparking what’s called hydrocephalus. Surgery can address this condition, but the decades-old approach to relieving the cranial pressure caused by the fluid is susceptible to failure, says Dan Levangie, CEO and president of CereVasc.

Levangie’s medical device startup aims to treat hydrocephalus with a less invasive method that leverages newer technologies now in use for vascular and neurological procedures. As the Boston-based company prepares to test its device in humans, it is announcing the close of $43 ...