Company Directory > MedTech > Francis Medical
Francis Medical is a privately held medical device company based in Maple Grove, Minnesota, focused on developing innovative urological cancer treatments. The company's mission is to provide therapies that are 'tough on cancer yet gentle on patients,' utilizing a proprietary water vapor ablation technology platform. Their flagship product, the Vanquish Water Vapor Ablation System, uses the thermal energy stored in sterile water vapor to precisely ablate cancerous tissue in the prostate, kidney, and bladder. This minimally invasive approach is designed to effectively control cancer while preserving surrounding healthy tissue and critical structures, thereby reducing the risk of side effects such as urinary incontinence and erectile dysfunction commonly associated with radical surgery and radiation.
CLASSIFICATION
Company Type:MedTech
Therapeutic Areas:
Industry:Medical Devices
Sub-Industry:Urology Oncology MedTech
SIZE & FINANCIALS
Employees:51-200
Revenue:Pre-revenue
Founded:2018
Ownership:private
Status:operating
FUNDING
Stage:Series C
Total Raised:$160M
Investors:Arboretum Ventures, Solas BioVentures, Orlando Health Ventures, Coloplast A/S, Tonkawa, Boston Scientific, New Day Venture Capital, H2Oey Ventures
PIPELINE
Stage:Commercial
Lead Drug Stage:FDA Cleared (510(k))
Modalities:Thermal Ablation, Water Vapor Therapy
Active Trials:1
Trial Phases:Phase 3: 1
FDA Approvals:1
EMA Approvals:0
CORPORATE STRUCTURE
Key Partnerships:Coloplast (Strategic Investor and Partner), Boston Scientific (Strategic Investor)
COMPETITION
Position:Emerging
Competitors:EDAP TMS (Focal One), Profound Medical (TULSA-PRO), Sonablate, Boston Scientific (Rezum), Combat Medical
LEADERSHIP
Key Executives:
Michael Kujak - President and CEO
Michael Hoey, PhD - Founder and CTO
Christopher M. Dixon, MD - Chief Medical Officer
Michele Shepard - VP of Clinical Affairs
Scientific Founders:Michael Hoey, PhD
Board Members:Andrew Cleeland, André de Bruin, Mike Kujak, Michael Hoey
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