Gastric bypass surgery in a pill startup Allurion get $27 million as it pursues FDA approval

Gastric bypass surgery in a pill startup Allurion gets $27 million as it pursues FDA approval

Gastric Bypass Surgery In A Pill Startup Allurion Get $27 Million As It Pursues FDA Approval

Gastric Bypass Surgery In A Pill Startup Allurion Get $27 Million As It Pursues FDA Approval

Allurion, a Boston-based startup offering a non-invasive gastric balloon by swallowing a pill, has gained $27 million in Series C money from previous investor Romulus Capital, with new participation from Cogepa Investments and IDO Investments, an innovation firm based in Oman.

There are a lot of gastric bypass solutions and other implantable devices out there for weight loss, but you usually require surgery to insert them. Allurions device comes in the form of a pill and takes about 15 minutes to inflate in the stomach after intake. The device will stay put in the stomach for about 4 months, a good sum determined to help the overweight person shed a significant amount of fat. The balloon then opens up right around thefour-month mark and the body excretes it.

Allurion has gained acceptance for this device, called the Elipse Balloon, in parts of Europe and the Middle East so far. Traction in both places, but especially the Countries of the middle east, has been good, according to Romulus Capitals Krishna Gupta, who says Allurion has treated thousands of patients in the past year. However, he insures more promise in the U.S. and possibly China.

We are having initial conversations in China, particularly in Shanghai, Gupta told me. When I talk to people in China its not even people who are obese, theyre only mildly overweight and simply want to help them utilize this to help them stay in shape. Im assuring a lot of interest.

The Elipse Balloon has not been approved by the U.S. Food and Drug Administration and its not clear if it fulfils U.S. standards of safety yet. Its also unclear if it will meet with approving as simply a weight loss device or will only be approved for the very obese.

However, there is some precedent for this type of therapy. Rival company Obalon offer a similar balloon in a pill technology and has already met with FDA approval. The main difference between these two companies as far as I can tell is that Obalon requires an endoscopic procedure to place the balloon in the right region in your body and it must be removed by your physician, whereas Allurions device is simply swallowed and then excreted when its done.

Allurion would like to take on Obalon and other device manufacturers in the U.S. and elsewhere. Its first task with this new round of funding will be to scale the business to meet demand around the world and pursue a U.S. clinical trial as it attempt acceptance through the Food and Drug Administration( FDA ).

Allurion previously raised about $10 million, bringing the total created so far to simply over $37 million.

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Gastric Bypass Surgery In A Pill Startup Allurion Get $27 Million As It Pursues FDA Approval
Gastric Bypass Surgery In A Pill Startup Allurion Get $27 Million As It Pursues FDA Approval
Gastric Bypass Surgery In A Pill Startup Allurion Get $27 Million As It Pursues FDA Approval
Gastric Bypass Surgery In A Pill Startup Allurion Get $27 Million As It Pursues FDA Approval
Gastric Bypass Surgery In A Pill Startup Allurion Get $27 Million As It Pursues FDA Approval

Gastric Bypass Surgery In A Pill Startup Allurion Get $27 Million As It Pursues FDA Approval

Gastric Bypass Surgery In A Pill Startup Allurion Get $27 Million As It Pursues FDA Approval

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