Pulnovo Medical Announces Closing of Nearly $100 Million Series C Financing - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # Pulnovo Medical Announces Closing of Nearly $100 Million Series C Financing ##### Up next ###### [Head-to-Head Against Pembrolizumab: Innovent Announces First Patient Dosed in the First Pivotal Study of IBI363 (PD-1/IL-2α-bias Bispecific Antibody Fusion Protein) in Melanoma](https://thailandbusinessnews.net/press-release/head-to-head-against-pembrolizumab-innovent-announces-first-patient-dosed-in-the-first-pivotal-study-of-ibi363-pd-1-il-2%ce%b1-bias-bispecific-antibody-fusion-protein-in-melanoma/) Published on 03 March 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) SHANGHAI, March 3, 2025 /PRNewswire/ — Pulnovo Medical, a globally recognized pioneer in medical devices for pulmonary hypertension (PH) and heart failure (HF), has announced the closing of nearly $100 million Series C financing. This round was co-led by Qiming Venture Partners and existing shareholder Lilly Asia Ventures, with existing investors OrbiMed and Gaorong Capital participating on a super pro-rata basis. The proceeds will be used to advance Pulnovo Medical’s global clinical trials, international business expansion and strategic initiatives. The financing round was oversubscribed by two times, marking one of the largest fundraises in the Asia-Pacific innovative medical device sector in recent years. This reflects leading institutions’ confidence in Pulnovo Medical’s global strategy and technical capabilities. Founded in 2013, Pulnovo Medical is a pioneering medtech company recognized in international guidelines. The company leverages its extensive clinical expertise to drive scientific advancements and global commercialization. The company focuses on developing superior therapeutic solutions for various stages of HF to enhance patient outcomes. Pulnovo Medical’s core product, PADN (Pulmonary Artery Denervation) technology, is an innovative and effective minimally invasive treatment for PH that has successfully obtained market approval.PH is a condition that can lead to heart failure and mortality, with limited treatment options. PADN uses radiofrequency ablation to target the pulmonary vascular endothelial sympathetic nerve, effectively reducing pulmonary artery pressure and slowing disease progression. PADN received FDA Breakthrough Device designation for Group I, Group II, and Group IV PH in 2021. PADN was included in European Society of Cardiology and European Respiratory Society Guidelines in 2022. In 2023, Pulnovo Medical achieved the Humanitarian Use Exemption Device designation for Group I PH. The RF catheter and RF generator received market approval in China in late 2023, becoming a commercially available interventional device in the field globally. In 2024, Pulnovo Medical’s accessory product, the 9F sheath, received FDA clearance. Cynthia Chen, Chairlady, Executive Chairwoman and President of Pulnovo Medical, announced that the proceeds of this round will support two upcoming FDA trials for Group I PH and Group II PH (chronic heart failure combined with PH) planned this year. Under the leadership of the executive team, the company has transformed from a laboratory to a globally structured firm with offices in the US, Singapore, as well as Hong Kong SAR and four cities in Chinese Mainland, including Beijing and Shanghai. William Hu, Managing Partner of Qiming Venture Partners, said, "Pulnovo Medical’s breakthroughs in interventional treatments for PH and HF are impressive. The company’s PADN technology is now commercially available in Chinese Mainland, Hong Kong, and Macau, and in 2024, global multicenter trials were initiated in Portugal, Serbia, Georgia, and Southeast Asia. Following the FDA Breakthrough Device designation, the global clinical trials further validate the technology’s leadership and clinical value. As a long-term healthcare investor, Qiming is committed to supporting innovators with global visions. We are confident in Pulnovo Medical’s potential and will support its international expansion and commercialization, bringing new hope to patients worldwide." [Source link ](https://www.prnasia.com/story/archive/4630974_AE30974_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/vehicles-two-wheels-category-at-139th-canton-fair-new-light-mobility-design-priorities-emerge/) ![Vehicles & Two Wheels Category at 139th Canton Fair, New Light‑Mobility Design Priorities Emerge](https://i0.wp.com/mma.prnasia.com/media2/2964891/1____5.jpg?resize=260%2C140&ssl=1 "Vehicles & Two Wheels Category at 139th Canton Fair, New Light‑Mobility Design Priorities Emerge") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## Vehicles & Two Wheels Category at 139th Canton Fair, New Light‑Mobility Design Priorities Emerge GUANGZHOU, China, April 24, 2026 /PRNewswire/ — During the 139th Canton Fair,… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - April 24, 2026 [](https://thailandbusinessnews.net/press-release/nuvoton-releases-compact-high-power-violet-laser-diode-402nm-1-7w/) ## Nuvoton Releases Compact High-power Violet Laser Diode (402nm, 1.7W) KYOTO, Japan, Dec. 4, 2025 /PRNewswire/ — Nuvoton Technology Corporation Japan (hereinafter… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - December 4, 2025 [](https://thailandbusinessnews.net/press-release/qualcomm-highlights-edge-ai-innovation-at-qualcomm-ai-program-for-innovators-qaipi-2025-apac-demo-day-and-sets-the-stage-for-2026/) ![Qualcomm Highlights Edge AI Innovation at Qualcomm AI Program for Innovators (QAIPI) 2025 – APAC Demo Day and Sets the Stage for 2026](https://i0.wp.com/mma.prnasia.com/media2/2840356/QAIPI_2025_APAC_Demo_Day_01.jpg?resize=260%2C140&ssl=1 "Qualcomm Highlights Edge AI Innovation at Qualcomm AI Program for Innovators (QAIPI) 2025 – APAC Demo Day and Sets the Stage for 2026") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## Qualcomm Highlights Edge AI Innovation at Qualcomm AI Program for Innovators (QAIPI) 2025 – APAC Demo Day and Sets the Stage for 2026 Showcasing transformative edge AI innovations across robotics, healthcare and smart city solutions… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - December 8, 2025 ##### Most Read - [![IAB Hong Kong's C26 Returns as Hong Kong's Largest AI and Marketing Event, Exploring How AI Is Reimagining Business](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/iab-hong-kongs-c26-returns-as-hong-kongs-largest-ai-and-marketing-event-exploring-how-ai-is-reimagining-business/ "IAB Hong Kong's C26 Returns as Hong Kong's Largest AI and Marketing Event, Exploring How AI Is Reimagining Business") [IAB Hong Kong's C26 Returns as Hong Kong's Largest AI and Marketing Event, Exploring How AI Is Reimagining Business](https://thailandbusinessnews.net/press-release/iab-hong-kongs-c26-returns-as-hong-kongs-largest-ai-and-marketing-event-exploring-how-ai-is-reimagining-business/ "IAB Hong Kong's C26 Returns as Hong Kong's Largest AI and Marketing Event, Exploring How AI Is Reimagining Business") - [![Analytic Partners Recognised as a Leader in Inaugural Gartner® Magic Quadrant™ for Marketing Mix Modelling Solutions](https://i0.wp.com/r2.thailandbusinessnews.net/2024/11/Analytic_Partners_Placed_Highest_Ability_Execute_Furthest_Completeness_Vision.jpg?fit=599%2C663&ssl=1&resize=40%2C40)](https://thailandbusinessnews.net/press-release/analytic-partners-recognised-as-a-leader-in-inaugural-gartner-magic-quadrant-for-marketing-mix-modelling-solutions/ "Analytic Partners Recognised as a Leader in Inaugural Gartner® Magic Quadrant™ for Marketing Mix Modelling Solutions") [Analytic Partners Recognised as a Leader in Inaugural Gartner® Magic Quadrant™ for Marketing Mix Modelling Solutions](https://thailandbusinessnews.net/press-release/analytic-partners-recognised-as-a-leader-in-inaugural-gartner-magic-quadrant-for-marketing-mix-modelling-solutions/ "Analytic Partners Recognised as a Leader in Inaugural Gartner® Magic Quadrant™ for Marketing Mix Modelling Solutions") - [![Tech Week Singapore 2026 Spotlights the Infrastructure Powering Asia's Next Digital Frontier](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/tech-week-singapore-2026-spotlights-the-infrastructure-powering-asias-next-digital-frontier/ "Tech Week Singapore 2026 Spotlights the Infrastructure Powering Asia's Next Digital Frontier") [Tech Week Singapore 2026 Spotlights the Infrastructure Powering Asia's Next Digital Frontier](https://thailandbusinessnews.net/press-release/tech-week-singapore-2026-spotlights-the-infrastructure-powering-asias-next-digital-frontier/ "Tech Week Singapore 2026 Spotlights the Infrastructure Powering Asia's Next Digital Frontier") - [![OSL Unveils New Global Branding](https://i0.wp.com/r2.thailandbusinessnews.net/2025/02/Untitled_design_Logo.jpg?fit=600%2C600&ssl=1&resize=40%2C40)](https://thailandbusinessnews.net/press-release/osl-unveils-new-global-branding/ "OSL Unveils New Global Branding") [OSL Unveils New Global Branding](https://thailandbusinessnews.net/press-release/osl-unveils-new-global-branding/ "OSL Unveils New Global Branding") - [![Fangzhou Inc. and Bristol Myers Squibb China Join Forces on a Strategic Alliance to Advance Internet Healthcare](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/fangzhou-inc-and-bristol-myers-squibb-china-join-forces-on-a-strategic-alliance-to-advance-internet-healthcare/ "Fangzhou Inc. and Bristol Myers Squibb China Join Forces on a Strategic Alliance to Advance Internet Healthcare") [Fangzhou Inc. and Bristol Myers Squibb China Join Forces on a Strategic Alliance to Advance Internet Healthcare](https://thailandbusinessnews.net/press-release/fangzhou-inc-and-bristol-myers-squibb-china-join-forces-on-a-strategic-alliance-to-advance-internet-healthcare/ "Fangzhou Inc. and Bristol Myers Squibb China Join Forces on a Strategic Alliance to Advance Internet Healthcare") - [![MixVio AI Launches Unified Creative Workspace Across 26 AI Generation Routes](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/mixvio-ai-launches-unified-creative-workspace-across-26-ai-generation-routes/ "MixVio AI Launches Unified Creative Workspace Across 26 AI Generation Routes") [MixVio AI Launches Unified Creative Workspace Across 26 AI Generation Routes](https://thailandbusinessnews.net/press-release/mixvio-ai-launches-unified-creative-workspace-across-26-ai-generation-routes/ "MixVio AI Launches Unified Creative Workspace Across 26 AI Generation Routes") ##### Subscribe via Email Enter your email address to subscribe and receive notifications of new posts by email. Email Address Subscribe [](https://thailandbusinessnews.net/press-release/pmet-resources-files-amended-version-of-its-ni-43-101-technical-report-on-the-cv5-lithium-only-feasibility-study-previously-published-in-2025-on-its-shaakichiuwaanaan-project/) ## PMET Resources Files Amended Version of its NI 43-101 Technical Report on the CV5 Lithium-Only Feasibility Study Previously Published in 2025 on its Shaakichiuwaanaan Project Following a routine review by the Autorité des marchés financiers… [](https://thailandbusinessnews.net/press-release/africa-business-and-human-rights-forum-concludes-in-dakar-with-call-for-stronger-action-on-human-rights-and-the-environment/) ![Africa Business and Human Rights Forum Concludes in Dakar with Call for Stronger Action on Human Rights and the Environment](https://i0.wp.com/mmx.prnasia.com/media/MS1637763/UNGC-Logo.jpg?resize=260%2C140&ssl=1 "Africa Business and Human Rights Forum Concludes in Dakar with Call for Stronger Action on Human Rights and the Environment") ## Africa Business and Human Rights Forum Concludes in Dakar with Call for Stronger Action on Human Rights and the Environment Fifth regional Forum brings together governments, business, civil society and the UN… [](https://thailandbusinessnews.net/press-release/wellness-culture-and-island-adventures-experiencing-indonesia-through-a-different-lens/) ![Wellness, Culture and Island Adventures: Experiencing Indonesia Through a Different Lens](https://i0.wp.com/mmx.prnasia.com/media/MS2001536/20260930224333EDT_image_1.jpg?resize=260%2C140&ssl=1 "Wellness, Culture and Island Adventures: Experiencing Indonesia Through a Different Lens") ## Wellness, Culture and Island Adventures: Experiencing Indonesia Through a Different Lens SYDNEY, Oct. 2, 2026 /PRNewswire/ — For Australian travellers, Indonesia can… [](https://thailandbusinessnews.net/press-release/the-spongebob-musical-heads-to-sea-for-the-first-time-on-royal-caribbeans-hero-of-the-seas/) !["THE SPONGEBOB MUSICAL" HEADS TO SEA FOR THE FIRST TIME ON ROYAL CARIBBEAN'S HERO OF THE SEAS](https://i0.wp.com/mmx.prnasia.com/media/MS2001483/Royal-Caribbean-The-SpongeBob-Musical.jpg?resize=260%2C140&ssl=1 ""THE SPONGEBOB MUSICAL" HEADS TO SEA FOR THE FIRST TIME ON ROYAL CARIBBEAN'S HERO OF THE SEAS") ## "THE SPONGEBOB MUSICAL" HEADS TO SEA FOR THE FIRST TIME ON ROYAL CARIBBEAN'S HERO OF THE SEAS Inspired by the hit Broadway musical and Nickelodeon animated series, the all-new…