Maple Grove, MN – According to filings with the U.S. Securities and Exchange Commission, Francis Medical is raising $55,000,000.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Michael Kujak played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Francis Medical
Francis Medical is dedicated to providing a solution to cure endourological cancers. Francis Medical is focused on creating a minimally invasive treatment solutions for prostate, kidney, and bladder cancer through the use of convective thermal water vapor. Currently, the company is in clinical trials for tissue ablation of the prostate. Founded in 2018, Francis Medical is located in Maple Grove, Minnesota. Francis Medical, Inc. formerly named NxPhase Medical, Inc. is a company that was created after Boston Scientific (BSC) acquired NxThera, Inc. in April of 2018. As a part of the BSC/NxThera transaction, a separate and independent entity, NxPHASE Medical, Inc. (NxPHASE), was established, and shares of NxPHASE were distributed to the shareholders of BSC/NxThera. In addition, BSC/NxThera granted NxPHASE a license to utilize BSC/NxTheras convective vapor ablation technology to develop, evaluate and commercialize certain devices to treat prostate, kidney and bladder cancer (NxPHASE Field of Use), while BSC/NxThera remains focused on the treatment of benign prostatic hyperplasia. Late in 2018, NxPhase Medical, Inc. went through a rebranding process and selected Francis Medical, Inc. as its new brand and identity. The name and foundation of the company is a tribute to and legacy for Michael Hoeys (founder/inventor) father Francis Hoey whose life was ended by prostate cancer with treatments that had harsh implications on his normal daily living. In December 2018, Francis Medical completed an $18.0 million round of Series A financing.

To learn more about Francis Medical, visit http://www.francismedical.com/

Contact:
Michael Kujak, President and Chief Executive Officer
763-951-0370
mkujak@francismedical.com
https://www.linkedin.com/in/mikekujak/

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