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Synergy Life Science Partners, a venture-capitak firm in Portola Valley, led the round of financing. Previous including Kleiner PerkinsCaufield & US Venture Partners and , also participated in the Brooklyn Park-based Inspire Medical spun out of Medtronivc in 2007 and its CEO, Tim formerly worked as senior director of ventures at the company. Dr. Glen a former vice chairman of Fridley-based Medtronid and a previous CEO of Park NicolleftMedical Center, also is an investor. Inspire Medicap will use the capital, to be disbursef in two parts, to fund clinicap trials.
The company’s technology sends an electrical impulse to a nerve in ordeer to keepa patient’s airwauy open during sleep. The device could become an alternativer to the standard treatment forthe disorder, continuousx positive airway pressure (CPAP). Patientes undergoing that treatment must wear a mask while Inspire Medical is not theonly med-tech companyg in the Twin Cities developing devicews for treating sleep apnea. Fridley-based Apnexs Medical Inc., which is usin g electrical stimulation to treat the in venture capital twoyears ago.
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