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Panakès Partners is an Equity capital firm, based in Milan, which buys the most ambitious companies and teams, developing cutting edge technologies and items, in the area of life sciences, aiming to enhance the lives of people worldwide.

Neuromod, which announced that FDA approval at a joint protection and expert audiology conference in the United States has already obtained its first US order and the initial delivery from its Letterkenny-based manufacturing companion, Philips-Medisize, was en path today.

Since the previous round of moneying elevated in October 2020, the company has actually made progress commercialising Lenire, expanding the device's schedule throughout Europe, establishing a wholly possessed US subsidiary, Bookmarks Neuromod U.S.A. Inc, and securing United States market authorization from the FDA.

The most recent funding - which more than increases the money the NUI Maynooth spin-out has raised because it was founded in 2010 - is split equally in between venture financial debt funding from the European Investment Bank and brand-new equity financial investment.