14 September 2023 | Thursday | News
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The high interest in capital support affirms the investment community's confidence in Avasa's scientific approach to transforming procedures in reconnecting veins and arteries in reconstructive microsurgery. "Currently, surgeons face the challenge of tediously hand-sewing micro arteries to re-establish blood flow to transplanted tissues. This manual method is not only intricate and risk-laden, but also consumes 40-60 minutes for just one arterial connection. Our innovative implant makes microvascular surgery quicker and safer. We are empowering surgeons to securely and efficiently link microvascular arteries in under 10 minutes, positioning us as the next standard of care," says Dr. Abeysekera.
Jacques Richter, Associate Investment Director, New Zealand Growth Capital Partner adds, "we are excited to join Nandoun and the Avasa team on their journey to change reconstructive microsurgery. Throughout our due diligence process, we were impressed by Nandoun's deep understanding and personal connection to the problem being solved. This is evidenced in the elegant coupler design that the Avasa team has developed which provides clear value to surgeons."
In the future, Dr. Abeysekera expects the scope of Avasa's device to expand to other surgical fields such as organ transplants, cardiothoracic surgery and vascular surgery. "We want to keep innovating at the intersection of medicine, design, and engineering to improve health outcomes for people," says Dr. Abeysekera.
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