Lenire ®.

Panakès Partners is a Venture Capital firm, based in Milan, which purchases the most ambitious companies and teams, developing revolutionary innovations and items, in the area of life sciences, intending to boost the lives of people around the world.

Neuromod, which revealed that FDA approval at a joint defence and Bookmarks expert audiology seminar in the US has already obtained its initial US order and the first shipment from its Letterkenny-based production partner, Philips-Medisize, was en course this week.

Because the previous round of moneying raised in October 2020, the company has actually made progression commercialising Lenire, broadening the device's availability throughout Europe, establishing a completely owned US subsidiary, Neuromod USA Inc, and protecting United States market approval from the FDA.

The current funding - which more than increases the cash the NUI Maynooth spin-out has raised because it was established in 2010 - is split evenly between endeavor financial obligation financing from the European Financial investment Bank and new equity investment.