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Square 1 Bank Announces $5 Million Credit Facility to Tryton Medical, Inc.

May 3, 2011
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Square 1 Bank, the exclusive banking partner to the entrepreneur and venture capital communities, proudly announces the extension of a $5 million term loan to venture capital backed Tryton Medical, Inc., the leading developer of stents designed to treat bifurcation lesions, a condition caused by coronary artery disease. Tryton Medical’s Side Branch Stent has CE Mark approval in Europe and has been implanted in more than 2,500 patients. With the help of this new credit facility, the company is enrolling in a pivotal US clinical trial.

“Square 1’s flexibility and deep understanding of our sector allowed us to structure a solution to meet the priorities of our business and further the advancement of our innovative treatment for bifurcation lesions,” said Brett Farabaugh, Tryton Medical Chief Financial Officer

Mara Huntington, SVP of Square 1 Bank’s Life Sciences practice said, “Square 1 prides itself in thinking outside the box, and Tryton Medical’s innovative stent technology truly impressed us for that reason. We’re excited about their expansion prospects and bringing this to the global market.”

About Tryton Medical

Tryton Medical, Inc., located in Durham, NC, is a leading developer of novel stent systems for the treatment of bifurcation lesions. The company was founded in 2003 by Aaron V. Kaplan, M.D. (professor of medicine at Dartmouth Medical School/Dartmouth-Hitchcock Medical Center) and Dan Cole to develop stents for the definitive treatment of bifurcation lesions. The Tryton Side Branch Stent System, approved for sale in Europe, is designed to offer a dedicated strategy for treating these challenging cases. Privately held, Tryton is backed by Arnerich Massena & Associates, Spray Ventures, PTV Sciences, and RiverVest Ventures. For more information please visit www.trytonmedical.com .     

About Square 1

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide solid support for its clients' needs. The bank offers tailored products and solutions aided by the latest in technological innovations. To serve its relationships, Square 1 has offices coast to coast in Austin, Boston, Boulder, Durham, McLean, New York, San Diego, Santa Monica, Seattle, and Silicon Valley. For more information, visit www.square1bank.com .



 


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