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Flowonix

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uuid0003ro4

Namestring
Flowonix
Legal namestring
Flowonix Medical, Inc.
Websiteurl
flowonix.com
Company typeenum
Private
Founded yearint
2005
Descriptiontext

Flowonix, now operating as Infusyn Therapeutics, is a US-based privately held medical device company founded in 2005 and headquartered in Hackettstown, New Jersey. The company develops and commercializes the Prometra and Prometra II Programmable Infusion Pump Systems, which are implantable intrathecal drug delivery devices that administer medication directly into the cerebrospinal fluid for treatment of chronic pain and severe spasticity. The core technology is a valve-gated Precision Dosing System (PDS) that achieves approximately 97% dosing accuracy, materially higher than the approximately 85.5% accuracy attributed to the industry-standard SynchroMed II peristaltic pump, with a 10+ year battery life intended to reduce surgical replacement frequency. The company holds 12 issued US patents covering pump architecture, catheter connections, valve mechanisms, and dosing methods.

Short descriptiontext

Flowonix (now Infusyn Therapeutics) is a US medical device company that develops the Prometra implantable programmable intrathecal pump system for targeted drug delivery to treat chronic pain and severe spasticity in adult and adolescent patients.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersBudd Lake, United States
HQ citystring
Budd Lake
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
implantable drug delivery, intrathecal infusion pumps, targeted drug delivery, pain management devices, neurological therapy systems
Industry2 codes
1Infusion Pumps (Ambulatory/Stationary)
CodeHLAHAIAFPrimaryYes
2Infusion Sets, Catheters & Pump Consumables
CodeHLAHAIAHPrimaryNo
NAICS code2 codes
  • Electromedical and Electrotherapeutic Apparatus Manufacturing334510
  • Surgical Appliance and Supplies Manufacturing339113
SIC code1 code
  • Surgical & Medical Instruments & Apparatus3841
Product category
Implantable Drug Delivery Systems
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model4 records
1Implantable Medical Device Sales
TypeHardware Sales
Description

Sale of Prometra and Prometra II programmable infusion pump systems, including 20ml and 40ml variants, along with associated catheters and accessories. Revenue generated from healthcare providers and hospitals through direct sales and distribution partnerships.

flowonix.com
2Accessories and Consumables
TypeHardware Sales
Description

Sale of refill kits, catheter access kits, programmers, and other accessories required for ongoing pump maintenance and operation. These items require periodic replacement and refilling.

flowonix.com
3Professional Services and Training
TypeProfessional Services
Description

Physician education, training programs, and clinical support services for healthcare providers adopting the Prometra system.

flowonix.com
4Reimbursement
TypeManaged Services
Description

Prometra is reimbursed under the same codes as other programmable implantable intrathecal pumps with the same indications, creating reimbursement-based revenue for healthcare providers.

flowonix.com
Marketing channels11 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales
Pricing details1 tier
1Prometra Programmable Pump System - Quote-based pricing
ModelOtherBilling cadenceMulti-year contract
Notes

Pricing not publicly disclosed; requires consultation with sales team. Device reimbursed under standard intrathecal pump codes.

flowonix.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 2 records shown
1Prometra
Description

Prometra Programmable Infusion Pump System for intrathecal drug delivery. Includes Prometra II variants (20ml and 40ml) for treatment of severe spasticity and chronic pain.

flowonix.com
+1 more record
Core offering1 text field

Flowonix develops, manufactures, and sells implantable programmable drug delivery systems, primarily the Prometra and Prometra II intrathecal infusion pumps (20ml and 40ml variants), along with associated catheters, programmers, refill kits, and catheter access kits. The system delivers medication directly into the intrathecal space for the treatment of chronic pain, severe spasticity, and specialized neurological disorders.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 9 values shown
  • 97% dosing accuracy vs 85.5% industry standard
+8 more records
Product overview1 text field

Flowonix (now Infusyn Therapeutics) offers a comprehensive implantable drug delivery system centered on the Prometra and Prometra II Programmable Pumps. The system includes the core pump device in 20ml and 40ml variants, a specialized intrathecal catheter, an external programmer for clinic configuration, and ancillary kits (refill kit, catheter access kit). The products work together as an integrated therapeutic system for targeted intrathecal drug delivery. The Precision Dosing System (PDS) technology differentiates the platform through valve-gated micro-dosing that maintains 97%+ accuracy regardless of environmental factors. Software support is provided through the Maestro Proview Platform for programming assurance.

Product and service6 records
1Prometra II Programmable Pump
CategoryImplantable Drug Delivery System
Description

Implantable programmable infusion pump that delivers medication directly into the intrathecal space. Available in 20ml and 40ml reservoir sizes, featuring a Precision Dosing System (PDS) with 10+ year battery life, 96.8% accuracy, and MRI conditional design. Used by pain management physicians, neurologists, and hospitals for the treatment of chronic pain and severe spasticity.

2Prometra Intrathecal Catheter
CategoryCatheter Accessory
Description

Kink-resistant intrathecal catheter designed for the Prometra Pump, featuring an integrated flushing hub, hydrophilic-coated guidewire, thick-walled design, radiopaque tungsten tip, staggered dissemination ports, and graduated depth markings for precise intrathecal placement.

3Prometra Programmer
CategoryProgramming Device
Description

Handheld external programming device used by clinicians to program flow rates, set delivery schedules, review programming history, provide boluses, and track refill information for the Prometra Pump. Features an ergonomic design with backlit screen and intuitive interface.

4Prometra Refill Kit
CategoryRefill Consumable
Description

Kit containing components required for refilling medication in the Prometra Pump. Includes a raised ring for septum identification and a template/needle designed to be incompatible with the catheter access port for safety.

5Prometra Catheter Access Kit
CategoryAccess Consumable
Description

Kit containing components for accessing the Catheter Access Port on the Prometra Pump. Features non-coring needles with discharge ports designed to prevent confusion with the refill septum, enhancing procedural safety.

6Flowonix Maestro Proview Platform
CategorySoftware Platform
Description

Software platform providing first-of-a-kind programming assurance reports for the Prometra system, designed to improve user experience and ensure accurate pump programming.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2022-05-13
Description

Flowonix Medical partnered with Miratech Medical for distribution of its targeted drug delivery products. This partnership extends market reach for the Prometra drug delivery system through Miratech's distribution network.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2017-10-02
Description

Flowonix Medical and Cerebral Therapeutics announced the fifth implant of a first-of-kind implantable drug therapy to treat patients with refractory epilepsy, delivering medication directly into the brain. This represents a world-first clinical trial using Flowonix technology.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2017-03-16
Description

World-first clinical trial announcement delivering medication directly into the brain for patients with refractory epilepsy using Flowonix's implantable drug delivery technology.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2015-06-29
Description

Alliance Spine and Pain Centers performed the first Prometra II implant in Georgia, representing a strategic clinical partnership for market expansion.

5Polar Medicine
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

UK-based distributor for Prometra II pump products. Listed as international distributor partner on the Flowonix website resources page.

flowonix.com
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers9 records
TypeDirect peer
Description

Medtronic's SynchroMed II and III are the dominant implantable intrathecal infusion pumps for pain and spasticity. Flowonix's Prometra is the closest direct competitor to SynchroMed, and Flowonix routinely benchmarks its 97% accuracy against Medtronic's ~85.5% accuracy.

TypeBroad incumbent
Description

B. Braun manufactures a broad portfolio of infusion pumps and drug delivery systems for hospital and ambulatory settings. While not a direct intrathecal competitor, it is comparable as a general-purpose infusion technology incumbent and pumps manufacturer serving overlapping clinical channels.

TypeBroad incumbent
Description

ICU Medical acquired Smiths Medical and offers a portfolio that includes syringe pumps, large-volume pumps, and ambulatory infusion devices used in hospitals. It overlaps with Flowonix in the infusion-pumps category but does not specialize in implantable intrathecal systems.

TypeEmerging player
Description

Tandem builds small-form-factor, programmable insulin pumps with touch-screen programmers and disposable consumables. Though focused on diabetes rather than intrathecal delivery, its pump-plus-programmer-plus-consumables operating model is structurally analogous to Prometra II.

TypeBroad incumbent
Description

Insulet is the leader in tubeless insulin pump delivery (Omnipod), combining an implantable/wearable drug reservoir with a programmer and recurring consumables. The recurring-revenue consumable model and chronic-condition patient focus overlap with how Flowonix sells refills and accessories for the Prometra fleet.

TypeEmerging player
Description

Nevro markets implantable spinal cord stimulators for chronic pain, an alternative therapy competing with intrathecal drug delivery for the same patient indications. It is comparable to Flowonix as an adjacent implantable neuromodulation/drug-delivery competitor for refractory chronic pain.

TypeBroad incumbent
Description

Abbott's neuromodulation business offers spinal cord stimulation and dorsal root ganglion stimulation devices that compete with intrathecal drug delivery for chronic-pain patients. It is comparable as a broader incumbent in the interventional chronic-pain device space.

TypeOthers
Description

Cerebral Therapeutics is Flowonix's co-development partner running the world-first clinical trial delivering medication directly into the brain for refractory epilepsy using Flowonix's pump platform. It is a strategic development partner rather than a competitor.

9Flowonix Medical / Infusyn Therapeutics
TypeDirect peer
Description

Trivys Medical / Infusyn Therapeutics is the rebranded entity of the subject company itself. Included to show direct intrathecal pump comparability.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature13 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds5 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors5 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Flowonix

Implantable Drug Delivery Systemsflowonix.com

Flowonix (now Infusyn Therapeutics) is a US medical device company that develops the Prometra implantable programmable intrathecal pump system for targeted drug delivery to treat chronic pain and severe spasticity in adult and adolescent patients.

What Flowonix does

Flowonix, now operating as Infusyn Therapeutics, is a US-based privately held medical device company founded in 2005 and headquartered in Hackettstown, New Jersey. The company develops and commercializes the Prometra and Prometra II Programmable Infusion Pump Systems, which are implantable intrathecal drug delivery devices that administer medication directly into the cerebrospinal fluid for treatment of chronic pain and severe spasticity. The core technology is a valve-gated Precision Dosing System (PDS) that achieves approximately 97% dosing accuracy, materially higher than the approximately 85.5% accuracy attributed to the industry-standard SynchroMed II peristaltic pump, with a 10+ year battery life intended to reduce surgical replacement frequency. The company holds 12 issued US patents covering pump architecture, catheter connections, valve mechanisms, and dosing methods.

Flowonix firmographics

Firmographics
Name
Flowonix
Legal name
Flowonix Medical, Inc.
Website
https://flowonix.com
Company type
Private
Founded year
2005
Operating status
Operating
Headcount range
51–100 employees
Short description
Flowonix (now Infusyn Therapeutics) is a US medical device company that develops the Prometra implantable programmable intrathecal pump system for targeted drug delivery to treat chronic pain and severe spasticity in adult and adolescent patients.
Ownership category
akta.pro rank

Flowonix industry classification

Industry
Product category
Implantable Drug Delivery Systems
NAICS
Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Surgical Appliance and Supplies Manufacturing (339113)
SIC
Surgical & Medical Instruments & Apparatus (3841)
akta.pro primary industry
Infusion Pumps (Ambulatory/Stationary) (HLAHAIAF)
akta.pro secondary industry
Infusion Sets, Catheters & Pump Consumables (HLAHAIAH)

Keywords

  • Implantable drug delivery
  • Intrathecal infusion pumps
  • Targeted drug delivery
  • Pain management devices
  • Neurological therapy systems

Where Flowonix is headquartered

Location

Headquarters

HQ city
Budd Lake
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Flowonix business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

  1. Implantable Medical Device Sales: Sale of Prometra and Prometra II programmable infusion pump systems, including 20ml and 40ml variants, along with associated catheters and accessories. Revenue generated from healthcare providers and hospitals through direct sales and distribution partnerships.
  2. Accessories and Consumables: Sale of refill kits, catheter access kits, programmers, and other accessories required for ongoing pump maintenance and operation. These items require periodic replacement and refilling.
  3. Professional Services and Training: Physician education, training programs, and clinical support services for healthcare providers adopting the Prometra system.
  4. Reimbursement: Prometra is reimbursed under the same codes as other programmable implantable intrathecal pumps with the same indications, creating reimbursement-based revenue for healthcare providers.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractPrometra Programmable Pump System - Quote-based pricing

Go-to-market motion3 records

Distribution channels3 records

Marketing channels11 records

Flowonix product offering

Product offering

Core offering

Flowonix develops, manufactures, and sells implantable programmable drug delivery systems, primarily the Prometra and Prometra II intrathecal infusion pumps (20ml and 40ml variants), along with associated catheters, programmers, refill kits, and catheter access kits. The system delivers medication directly into the intrathecal space for the treatment of chronic pain, severe spasticity, and specialized neurological disorders.

Product overview

Flowonix (now Infusyn Therapeutics) offers a comprehensive implantable drug delivery system centered on the Prometra and Prometra II Programmable Pumps. The system includes the core pump device in 20ml and 40ml variants, a specialized intrathecal catheter, an external programmer for clinic configuration, and ancillary kits (refill kit, catheter access kit). The products work together as an integrated therapeutic system for targeted intrathecal drug delivery. The Precision Dosing System (PDS) technology differentiates the platform through valve-gated micro-dosing that maintains 97%+ accuracy regardless of environmental factors. Software support is provided through the Maestro Proview Platform for programming assurance.

Differentiator

Problem solved

Functional benefit

Brands

  • Prometra: Prometra Programmable Infusion Pump System for intrathecal drug delivery. Includes Prometra II variants (20ml and 40ml) for treatment of severe spasticity and chronic pain.
  • Maestro Proview Platform

Products and services

  • Prometra II Programmable Pump Implantable programmable infusion pump that delivers medication directly into the intrathecal space. Available in 20ml and 40ml reservoir sizes, featuring a Precision Dosing System (PDS) with 10+ year battery life, 96.8% accuracy, and MRI conditional design. Used by pain management physicians, neurologists, and hospitals for the treatment of chronic pain and severe spasticity.
  • Prometra Intrathecal Catheter Kink-resistant intrathecal catheter designed for the Prometra Pump, featuring an integrated flushing hub, hydrophilic-coated guidewire, thick-walled design, radiopaque tungsten tip, staggered dissemination ports, and graduated depth markings for precise intrathecal placement.
  • Prometra Programmer Handheld external programming device used by clinicians to program flow rates, set delivery schedules, review programming history, provide boluses, and track refill information for the Prometra Pump. Features an ergonomic design with backlit screen and intuitive interface.
  • Prometra Refill Kit Kit containing components required for refilling medication in the Prometra Pump. Includes a raised ring for septum identification and a template/needle designed to be incompatible with the catheter access port for safety.
  • Prometra Catheter Access Kit Kit containing components for accessing the Catheter Access Port on the Prometra Pump. Features non-coring needles with discharge ports designed to prevent confusion with the refill septum, enhancing procedural safety.
  • Flowonix Maestro Proview Platform Software platform providing first-of-a-kind programming assurance reports for the Prometra system, designed to improve user experience and ensure accurate pump programming.

Quantifiable outcome

  • 97% dosing accuracy vs 85.5% industry standard
  • +8 more outcomes

Companies that use Flowonix

Customer profile

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Flowonix technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature13 records

Flowonix partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

  • Miratech MedicalcoreChannel Partner/ Reseller/ Distributor · 13 May 2022Flowonix Medical partnered with Miratech Medical for distribution of its targeted drug delivery products. This partnership extends market reach for the Prometra drug delivery system through Miratech's distribution network.
  • Cerebral TherapeuticscoreStrategic or Co-development Partner · 2 October 2017Flowonix Medical and Cerebral Therapeutics announced the fifth implant of a first-of-kind implantable drug therapy to treat patients with refractory epilepsy, delivering medication directly into the brain. This represents a world-first clinical trial using Flowonix technology.
  • Cerebral TherapeuticscoreStrategic or Co-development Partner · 16 March 2017World-first clinical trial announcement delivering medication directly into the brain for patients with refractory epilepsy using Flowonix's implantable drug delivery technology.
  • Alliance Spine and Pain CentersminorStrategic or Co-development Partner · 29 June 2015Alliance Spine and Pain Centers performed the first Prometra II implant in Georgia, representing a strategic clinical partnership for market expansion.
  • Polar MedicineminorChannel Partner/ Reseller/ DistributorUK-based distributor for Prometra II pump products. Listed as international distributor partner on the Flowonix website resources page.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Flowonix competitors and assessment

Company assessment

Direct peers

  • Medtronic: Medtronic's SynchroMed II and III are the dominant implantable intrathecal infusion pumps for pain and spasticity. Flowonix's Prometra is the closest direct competitor to SynchroMed, and Flowonix routinely benchmarks its 97% accuracy against Medtronic's ~85.5% accuracy.
  • Flowonix Medical / Infusyn Therapeutics: Trivys Medical / Infusyn Therapeutics is the rebranded entity of the subject company itself. Included to show direct intrathecal pump comparability.

Broad incumbents

  • B. Braun Medical: B. Braun manufactures a broad portfolio of infusion pumps and drug delivery systems for hospital and ambulatory settings. While not a direct intrathecal competitor, it is comparable as a general-purpose infusion technology incumbent and pumps manufacturer serving overlapping clinical channels.
  • ICU Medical (Smiths Medical): ICU Medical acquired Smiths Medical and offers a portfolio that includes syringe pumps, large-volume pumps, and ambulatory infusion devices used in hospitals. It overlaps with Flowonix in the infusion-pumps category but does not specialize in implantable intrathecal systems.
  • Insulet Corporation: Insulet is the leader in tubeless insulin pump delivery (Omnipod), combining an implantable/wearable drug reservoir with a programmer and recurring consumables. The recurring-revenue consumable model and chronic-condition patient focus overlap with how Flowonix sells refills and accessories for the Prometra fleet.
  • Abbott (Neuromodulation): Abbott's neuromodulation business offers spinal cord stimulation and dorsal root ganglion stimulation devices that compete with intrathecal drug delivery for chronic-pain patients. It is comparable as a broader incumbent in the interventional chronic-pain device space.

Emerging players

  • Tandem Diabetes Care: Tandem builds small-form-factor, programmable insulin pumps with touch-screen programmers and disposable consumables. Though focused on diabetes rather than intrathecal delivery, its pump-plus-programmer-plus-consumables operating model is structurally analogous to Prometra II.
  • Nevro Corp: Nevro markets implantable spinal cord stimulators for chronic pain, an alternative therapy competing with intrathecal drug delivery for the same patient indications. It is comparable to Flowonix as an adjacent implantable neuromodulation/drug-delivery competitor for refractory chronic pain.

Others

  • Cerebral Therapeutics: Cerebral Therapeutics is Flowonix's co-development partner running the world-first clinical trial delivering medication directly into the brain for refractory epilepsy using Flowonix's pump platform. It is a strategic development partner rather than a competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Flowonix social profiles

Digital presence

Flowonix financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Flowonix leadership team

Management profile

Number of profiles

Profiles3 records

Flowonix funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Flowonix M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Flowonix

What does Flowonix do?

Flowonix develops, manufactures, and sells implantable programmable drug delivery systems, primarily the Prometra and Prometra II intrathecal infusion pumps (20ml and 40ml variants), along with associated catheters, programmers, refill kits, and catheter access kits. The system delivers medication directly into the intrathecal space for the treatment of chronic pain, severe spasticity, and specialized neurological disorders.

Is Flowonix a public or private company?

Flowonix is a private company. It is classified as venture growth investor backed and is currently operating.

When was Flowonix founded?

Flowonix was founded in 2005. It employs 51 to 100 people.

Where is Flowonix based?

Flowonix is headquartered in Budd Lake, United States, in the North America region.

How does Flowonix make money?

Four revenue lines are on record. Implantable Medical Device Sales are the primary driver. The others are accessories and Consumables, professional Services and Training and reimbursement.

Who are Flowonix's main competitors?

Direct peers on record are Medtronic and Flowonix Medical / Infusyn Therapeutics. Broad incumbents are B. Braun Medical, ICU Medical (Smiths Medical), Insulet Corporation and Abbott (Neuromodulation). Emerging players are Tandem Diabetes Care and Nevro Corp. Cerebral Therapeutics is listed as an others.

Does Flowonix have an API?

No public API is recorded for Flowonix.

What industry is Flowonix in?

Flowonix's product category is Implantable Drug Delivery Systems. Its primary akta.pro industry code is HLAHAIAF, Infusion Pumps (Ambulatory/Stationary), with a secondary code of HLAHAIAH, Infusion Sets, Catheters & Pump Consumables. Its NAICS code is 334510 and its SIC code is 3841.

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Live signals
PR NewswireFlowonix Medical, Inc. and SWK Holdings Corporation Announce Closing of $33 Million FinancingFlowonix Medical, Inc. and SWK Holdings Corporation have closed a $33 million financing package to support growth in chronic pain and spasticity markets. The deal comprises a $10 million debt facility from SWK Holdings and a $23 million Series B round led by Farallon Capital Management. Proceeds will be used to replace prior venture debt, fund business operations including product development, and expand into new disease states.PR NewswireFlowonix Receives FDA Approval to Market Prometra® II Pump for use with Intrathecal BaclofenFlowonix Medical, Inc. announced on February 19, 2020 that it received FDA approval to market its Prometra II Programmable Pump System for use with intrathecal baclofen, expanding the device's indication to treat severe spasticity. The new approval significantly broadens the market for the device, which utilizes a pressure-driven delivery mechanism and offers a 10+ year battery life, providing physicians and patients with a new therapeutic option for a condition affecting approximately 12 million people worldwide. The company will begin marketing the device with the new indication immediately and has already implanted the Prometra System in more than 8,000 patients globally.PR NewswireFlowonix Receives FDA Approval for Software Upgrade Designed to Improve User ExperienceFlowonix Medical, Inc. received FDA approval to market its new Flowonix Maestro Software for Clinician Programmers, designed to improve the programming experience for the Prometra Pump Systems used in targeted drug delivery therapy. The software includes automatic calculations, increased dosing flexibility, and workflow enhancements intended to reduce complexity for clinicians and expand patient access to treatment. The company expects to begin rolling out the software to customers nationwide in February 2019.PR NewswireFlowonix Medical Launches the Flowonix Maestro® ProView™ Platform with First-of-a-Kind Reports Designed to Provide Programming AssuranceFlowonix Medical launched the Flowonix Maestro ProView platform, an enhanced software tool designed to improve records management for its Prometra Clinician Programmer. The new platform introduces the Inquiry Summary Report, which displays initial and final pump settings side-by-side to facilitate easier identification of programming changes. This update aims to streamline data access for clinicians and enhance safety in targeted drug delivery procedures.PR NewswireFlowonix Medical and Cerebral Therapeutics Announce Fifth Implant of First-of-a-Kind Implantable Drug Therapy to Treat Patients with Refractory EpilepsyFlowonix Medical, Inc. and Cerebral Therapeutics, Inc. announced the successful implant of the fifth patient in the ADDRESS trial, a first-of-a-kind implantable drug therapy for patients with medically refractory epilepsy. The therapy combines Flowonix's Prometra II Programmable Pump with Cerebral Therapeutics' medication, delivered directly into the brain via a catheter tunneled under the skin, bypassing the blood-brain barrier. The companies continue enrolling patients at Australian study sites and plan to pursue FDA approval to offer the therapy in the United States for epilepsy treatment and potentially other neurological disorders.PR NewswireFlowonix® Medical Inc. And Cerebral Therapeutics Announce World-First Clinical Trial Delivering Medication Directly Into The Brain For Patients With Refractory EpilepsyFlowonix Medical Inc. and Cerebral Therapeutics announced the first patients have been implanted with the Prometra II Programmable Infusion System in the ADDRESS clinical trial at St. Vincent's Hospital in Melbourne, Australia, marking a world-first approach to delivering medication directly into the brain for patients with refractory epilepsy. The trial is testing intracerebroventricular delivery of valproate in nine patients with focal seizures, and clinicians have reported being encouraged by preliminary results showing reductions in epileptic seizures. If successful, the therapy could establish targeted drug delivery as a treatment option for the approximately one in three epilepsy patients who progress to refractory epilepsy.PR NewswireFlowonix Medical, Inc. Completes $15.5 Million FinancingFlowonix Medical, Inc. secured $15.5 million in financing, comprising a $10.5 million equity investment led by Clarus Ventures and existing investors, plus $5.0 million in venture term debt from Hercules Capital Inc. The company plans to use the proceeds to expand sales and marketing infrastructure for its Prometra II Programmable Infusion Pump System and increase manufacturing capacity. This financing builds on the commercial success the Prometra II system has achieved in recent years, supporting Flowonix's growth trajectory in the implantable drug delivery market.PR NewswireFlowonix Medical Appoints Larry Heaton as CEOFlowonix Medical appointed Larry Heaton as President and Chief Executive Officer, effective May 9, 2016, succeeding Steve Adler who remains on the Board of Directors. Heaton brings over 34 years of medical device industry experience and will focus on commercializing the Prometra® implantable drug delivery pump in the U.S. and European markets. The company cited Heaton's track record in commercialization as key to its next stage of growth, with goals to establish the Prometra® system as the leading implantable device for pain management.GlobeNewswireProven Process Client Flowonix Medical Inc. Achieves FDA PMA(S) Approval of Prometra II Infusion DeviceFlowonix Medical Inc. received FDA PMA-Supplemental approval for its Prometra II intrathecal infusion device, designed with Proven Process Medical Devices. The device features a patented flow-activated safety valve that allows MRI without drug removal, improving patient safety and convenience. Flowonix plans to introduce the product in coming months.VC News DailyFlowonix Completes $40M FinancingFlowonix Medical Inc. completed a $40 million financing round involving debt and equity investments, with $20 million from private equity fund Elevage Capital Management and additional funding from Hercules Technology Growth Capital. The company plans to use the capital to enhance sales, marketing infrastructure, and support the commercial ramp of its Prometra Programmable Infusion Pump System in the chronic pain market. The additional funding is expected to expand the addressable market for their technology significantly.