
morphicmedical.com
GI Dynamics is now Morphic.
Date | Investors | Amount | Round |
---|---|---|---|
$30.0m | Series C | ||
Total Funding | 000k |
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Morphic Medical, headquartered in Boston, Massachusetts, specializes in developing innovative medical devices aimed at treating type 2 diabetes and obesity. Founded in 2003, the company focuses on providing an alternative treatment option for patients who are underserved by traditional drugs and injections but for whom surgery may not be an option. Morphic Medical's core product is an endoscopically delivered device therapy designed to reduce HbA1c levels and weight, addressing the underlying causes of these conditions. The company is currently enrolling patients for its STEP 1 clinical study in the United States, which is limited to investigational use under Federal US Law and not for sale in any geography. Morphic Medical operates in the healthcare technology market, targeting patients with type 2 diabetes and obesity. The business model revolves around pioneering and commercializing breakthrough healthcare technologies, leveraging the expertise of its team of industry veterans. Revenue is generated through the development and eventual commercialization of its medical devices, pending regulatory approvals.
Keywords: endoscopic therapy, type 2 diabetes, obesity, HbA1c reduction, weight loss, clinical study, healthcare technology, investigational use, Boston, medical devices.