Miramar Labs lands $35.8 Million Funding for Armpit Sweat Treatment

Back in February the company received FDA 501k Clearance for the device. Wow, that’s a lot of money for a laser treatment for sweat or to stop sweat I should say. Maybe this was an important move as back in 2009 the FDA began considering anti- perspirants drugs and some reports said there was a possible connection between breast and prostate cancer with their use?? Do you believe everything you read these days, I hope not. There have been some commercials and ads lately about under arms and Steven Colbert did a great job with the exaggeration of arm pits.

Antiperspirants are Considered a Drug by the FDA – Recent Study looks at a connection possible between breast and prostate cancer

If you don’t want to go this far, there are stick on pads too.

What’s that Pad Stuck Under Your Arm – You Guessed It Pit Pads Stick on Deodorant

The investors include Aisling Capital and Cross Creek Capital, investors Domain Associates and Morgenthaler Ventures. Wow almost $40 million to address this problem as Steven Colbert says is one of the items directed towards women to make them feel less secure about themselves and creating a market from scratch. Is this going to be covered by Medicare and how would this fall into an ACO area for savings:) BD

Miramar Labs Inc. raised $35.8 million in a Series C funding round, leaving them just shy of their $36 million goal, according to an SEC filing.
The Sunnyvale, Calif.-based company’s claim to fame is miraDry, a laser-based treatment for excessive underarm sweat. The device uses microwave energy to cook sweat glands in two hour-long noninvasive doctor’s office visits.
The company plans to use the funds to begin marketing the device, according to Xconomy.