28 August 2018

Interrad Medical, Inc.

LGB has acted as the European placement agent in the $7.5 million offering of secured convertible notes by Interrad Medical, Inc. (www.securacath.com). 

The company has developed a product platform for the stabilisation of catheters using a sub-cutaneous anchor. In 2H 2017 Interrad received $5.5 million in subscription to its issue of convertible notes. In 1H 2018 the company focussed on business developments, which included being selected for a central procurement contract with NHS England under its Innovation and Technology Payment Programme. More than 250 companies applied with Interrad and only four were successful. As a result of the company's progress, LGB has been able to arrange the issue of the remaining $2 million of notes.

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