About Palyon Medical
Palyon Medical was a Healthcare company based in New York (United States) founded in 2004. It develops implantable drug delivery systems for central nervous system disorders. It operates on a B2B model. Palyon Medical has raised $24 million across 1 funding round from investors including Baird Capital, Cross Atlantic Capital Partners and Fountain Healthcare Partners. The company is recorded as dissolved. Its focus areas include Medical Devices, Drug Delivery and Implantable Systems. Its legal entity is PALYON MEDICAL CORPORATION. Its competitors include Impel NeuroPharma, CraniUS and Cognos Therapeutics; 3 of its 3 listed competitors have raised funding.
Company details
Palyon Medical, established in 2004, excels in providing healthcare solutions, developing medical devices, drug delivery, and implantable systems. Develops implantable drug delivery systems for central nervous system disorders. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters New York, United States
- SectorsHealthcare
- Website palyonmedical.com
- Legal Name Palyon Medical Corporation
- Total Equity Funding$24M (USD)
in 1 rounds
- Latest Funding Round$24M (USD), Series A
May 2009
- InvestorsBaird Capital
& 6 more
Funding Insights of Palyon Medical
Palyon Medical has successfully raised a total of $24M through 1 strategic funding round. The most recent funding activity was a Series A round of $24 million completed in May 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24M
- Total Rounds 1
- Last Round Series A — $24M
- First Round $24M
(May 2009)
- Investors Count 7
All 1 funding rounds of Palyon Medical with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2009 | $24M | Series A | – | Baird Capital |
7 investors in total: 7 institutional.
Investors in Palyon Medical
Palyon Medical has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Baird Capital, Cross Atlantic Capital Partners and Fountain Healthcare Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global private equity and venture capital investments in B2B Tech & Services companies. | bairdcapital.com | |||
Investments are made in early to mid-stage US companies. | xacp.com | Radnor, United States | ||
Risk capital is provided to life sciences entrepreneurs. | fh-partners.com | Dublin, Ireland | ||
| bbbiotechventures.com | ||||
Arcus Ventures is focused on investing in oncology companies. | arcusventures.com | New York, United States | ||
| nextechventure.com | ||||
| hamquist.com |
Investor details for Palyon Medical
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Timeline of Palyon Medical
2 dated milestones of Palyon Medical across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Palyon Medical is founded.
- Funding First funding round of $24.0M.
Competitors of Palyon Medical
Palyon Medical has 3 listed competitors in our database, 3 of them funded. They include Impel NeuroPharma, CraniUS and Cognos Therapeutics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| impelnp.com | 2008 | Seattle, United States | $126.83M | 158 | Intranasal delivery technology for CNS diseases is developed. | |
| craniustherapeutics.com | 2021 | Baltimore, United States | $20.5M | Drug delivery systems for brain diseases and disorders are developed. | ||
| cognosthx.com | 2015 | Los Angeles, United States | $5.75M | 13 | Cognos Therapeutics is focused on innovative neurological and oncological treatments. |
Detailed competitors of Palyon Medical
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Top companies in Diversified Medical Devices
3 companies that operate in the same segment as Palyon Medical (Diversified Medical Devices) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Medical equipment for treating over 30 chronic diseases is developed. | 1949 | Minneapolis, Minnesota, United States | USD 36.36 B | 95,000 | ||
Wide range of medical devices | 1979 | Marlborough, Massachusetts, United States | USD 20.07 B | 53,000 | ||
Healthcare solutions are provided by Johnson & Johnson globally. | 1886 | New Brunswick, New Jersey, United States | USD 94.18 B | 139,800 |
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Frequently Asked Questions about Palyon Medical
Palyon Medical was founded in 2004 and raised its 1st funding round 5 years after it was founded.
Palyon Medical is headquartered in New York, United States. It is registered at New York, New York, United States.
Palyon Medical is a funded company, having raised a total of $24M across 1 funding round to date. The company's 1st funding round was a Series A of $24M, raised on May 2009.
Palyon Medical, established in 2004, excels in providing healthcare solutions, developing medical devices, drug delivery, and implantable systems. Develops implantable drug delivery systems for central nervous system disorders. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Palyon Medical's top competitors include Impel NeuroPharma, CraniUS and Cognos Therapeutics.
Palyon Medical has 7 investors. Key investors include Baird Capital, Cross Atlantic Capital Partners, Fountain Healthcare Partners, BB Biotech Ventures, and Arcus Ventures.
Palyon Medical operates through Palyon Medical Corporation.