Trending...
- Colorado Springs: City to offer free activities for National Park and Recreation Month
- Get Outside Colorado! Colorado State Parks Welcome Visitors From Around the World
- Colorado Springs: Podcast: The Parking Plan
FAYETTEVILLE, Ark. - ColoradoDesk -- Lineus Medical has completed the first $1.25M tranche of a Series B funding round. The company was founded in 2015 and has raised a total of $4.7M over the past 5 years. The funding round was led by two venture capital groups that have supported Lineus Medical since its founding: MB Venture Partners of Memphis, TN and F&S Capital of Tulsa, OK. Existing investors provided slightly over 50% of the investments in the first tranche of the funding round, and the remaining money was invested by angel investors.
The company has completed development and proved out its manufacturing capabilities for its flagship product, SafeBreak Vascular, and is seeking FDA clearance for the device. SafeBreak Vascular is a break-away connector that fits into any peripheral IV line anywhere in the world. The device is designed to separate when a damaging force is placed on an IV line, therefore protecting the IV. When the device separates, valves on each side of the device close to stop the flow of medication and prevent blood loss from the patient.
More on Colorado Desk
Vance Clement, CEO of Lineus Medical commented, "Developing and gaining FDA clearance for an innovative new medical device takes a great deal of time and money. We are very thankful for the support of our investors. They have provided us with the funds we believe are needed to gain FDA clearance for SafeBreak Vascular. We intend to conduct the second tranche of our Series B funding round after FDA clearance later in 2020. The second tranche funding will be used to launch and fuel the growth of the new product."
"Peripheral IVs have been in use for almost 100 years, but no one has effectively figured out how to prevent harmful pulls on IV lines from causing spills and IV restarts. We expect to be the first company to obtain FDA clearance for a device that is designed to separate and save peripheral IV lines," Chief Technology Officer Spencer Jones stated. "Our innovative and patented SafeBreak technology is designed to help nurses so that unnecessary and painful IV restarts are avoided. This should give nurses back some of their valuable time, save hospitals money, and prevent additional needle sticks for patients."
More on Colorado Desk
ABOUT LINEUS MEDICAL
Lineus Medical is the developer of a patented, break-away IV technology that is designed to work with a variety of medical tubing. Dislodgement of feeding tubes, IV lines, urinary catheters and any other type of medical line could be prevented by the device breaking into two pieces, and therefore protecting the patient's medical line. The company's first product, SafeBreak Vascular, fits into any peripheral IV tubing and will help prevent unnecessary IV restarts, which occur 46% of the time according to the clinical literature.1 SafeBreak Vascular is not yet FDA cleared and is not yet for sale. More information is available at www.lineusmed.com.
1Helm, R.E., et al., Accepted but Unacceptable: Peripheral IV Catheter Failure. Journal of Infusion Nursing. 2015;38(3): 189-203.
MKG-0069 Rev. 00
The company has completed development and proved out its manufacturing capabilities for its flagship product, SafeBreak Vascular, and is seeking FDA clearance for the device. SafeBreak Vascular is a break-away connector that fits into any peripheral IV line anywhere in the world. The device is designed to separate when a damaging force is placed on an IV line, therefore protecting the IV. When the device separates, valves on each side of the device close to stop the flow of medication and prevent blood loss from the patient.
More on Colorado Desk
- Utah Metal Fabricator Titan Forge Builds Momentum with Custom Steel Projects and Spiral Staircases
- Colorado: Governor Polis: With New Tariffs, Trump Raises Costs for Americans, Hurts Allies
- Colorado Sending Support to Texas Following Devastating Floods
- Metamora Film Festival 2026 Announces Campus Edition at Pueblo Community College
- Jason Koch: Pioneering the Future of Real Estate Development in New Jersey
Vance Clement, CEO of Lineus Medical commented, "Developing and gaining FDA clearance for an innovative new medical device takes a great deal of time and money. We are very thankful for the support of our investors. They have provided us with the funds we believe are needed to gain FDA clearance for SafeBreak Vascular. We intend to conduct the second tranche of our Series B funding round after FDA clearance later in 2020. The second tranche funding will be used to launch and fuel the growth of the new product."
"Peripheral IVs have been in use for almost 100 years, but no one has effectively figured out how to prevent harmful pulls on IV lines from causing spills and IV restarts. We expect to be the first company to obtain FDA clearance for a device that is designed to separate and save peripheral IV lines," Chief Technology Officer Spencer Jones stated. "Our innovative and patented SafeBreak technology is designed to help nurses so that unnecessary and painful IV restarts are avoided. This should give nurses back some of their valuable time, save hospitals money, and prevent additional needle sticks for patients."
More on Colorado Desk
- Bach and Beyond: Cellists Return to the Beach for 2nd Annual Bethany Beach Cellofest
- May 2025: Colorado Springs Airport Monthly Traffic Report
- Colorado: Governor Polis Continues Fighting to Break Down Barriers to New Housing Coloradans Can Afford
- NR7 Miner launches zero-cost USDT cloud mining service: daily stable income + referral rewards for double profit
- Deaths Spur Closures, but Troubled Teen Camps Must Be Banned, CCHR Warns
ABOUT LINEUS MEDICAL
Lineus Medical is the developer of a patented, break-away IV technology that is designed to work with a variety of medical tubing. Dislodgement of feeding tubes, IV lines, urinary catheters and any other type of medical line could be prevented by the device breaking into two pieces, and therefore protecting the patient's medical line. The company's first product, SafeBreak Vascular, fits into any peripheral IV tubing and will help prevent unnecessary IV restarts, which occur 46% of the time according to the clinical literature.1 SafeBreak Vascular is not yet FDA cleared and is not yet for sale. More information is available at www.lineusmed.com.
1Helm, R.E., et al., Accepted but Unacceptable: Peripheral IV Catheter Failure. Journal of Infusion Nursing. 2015;38(3): 189-203.
MKG-0069 Rev. 00
Source: Lineus Medical
Filed Under: Health
0 Comments
Latest on Colorado Desk
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Trump Administration Freezes $71 Million in Education Grants for Colorado, Hurting Students, Teachers, and the Economy
- Colorado Springs: City releases final parking and curb management plan
- Colorado Springs: Hopeful Drive and South Blissful Circle intersection to temporarily close
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Behind the Seams: CEO of Unmarked Street Launches "The Business of Apparel" for Brand Leaders
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Colorado Springs: Podcast: The Parking Plan
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- Get Outside Colorado! Colorado State Parks Welcome Visitors From Around the World
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Construcción del Corredor Norte–Sur (NSC) de Singapur