26 June 2023
Escala Medical Ltd., proudly announces its selection as a recipient of a €5.5 million in grant and equity investment from the European Innovation Council. Escala is at the forefront of the pelvic organ prolapse (POP) treatment revolution.
Escala Medical’s breakthrough device brings incision-free pelvic organ prolapse treatment to women suffering from this widespread and debilitating condition, affecting approximately 50% of women worldwide. With a procedure that can be performed under local anesthesia in 5-8 minutes, Escala’s innovative approach addresses a significant market need. FDA-cleared, Escala’s revolutionary technology is now commercially available in the United States, marking a major milestone for the company.
Current surgical treatment options for POP are invasive and principally suitable for advanced stage prolapse. Until now, there have not been effective incision-free alternatives for women experiencing early-stage symptoms or for those patients who are not eligible for surgery. Escala Medical is changing POP treatment with its much-needed solution for these underserved populations, while also providing a faster and easier solution for clinicians addressing patients with advanced stage POP.
This news was published in BioWorld.
With recent FDA clearance for our prolapse repair device, the EIC investment enables operations expansion and fulfills Escala’s mission of transforming POP treatment for countless women worldwide. Our game-changing device provides a long-awaited solution allowing early-stage treatment and significantly improving the quality of life for millions of women globally.
Dr. Edit Goldberg, CEO of Escala
This funding from the EIC further validates Escala’s technology. It propels us forward in our mission to provide durable, incisionless treatments for patients suffering from pelvic organ prolapse, effectively enhancing their quality of life.
Dr. Robert Auerbach, Escala Board of Directors’ Chair
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