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Intact Vascular raises $15.5 million

Intact Vascular Inc., a Wayne medical device start-up, raised $15.5 million from Quaker Partners, of Center City; H.I.G. BioVentures, of Miami; and several angel investors.

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Intact Vascular Inc., a Wayne medical device start-up, raised $15.5 million from Quaker Partners, of Center City; H.I.G. BioVentures, of Miami; and several angel investors.

Founded in 2008, Intact Vascular will use the financing to complete a 138-patient clinical study being conducted in Europe of a stapling device to be used during leg surgery to improve blood flow in arteries, said Carol Burns, its chief executive officer.

The privately held company also named Dennis Wahr, the former CEO of Minneapolis-based medical device maker Lutonix Inc., as its chairman.  

- Mike Armstrong