Medtech innovation company launches with $300M to invest

Healthcare innovation firm Patient Square Capital launched medtech incubator Elevage Medical Technologies with $300 million to invest.

Elevage Medical will aim to support promising medical device technology companies with investments and guidance. The company's CEO, Evan Melrose, MD, has 25 years of varied healthcare experience, according to a May 1 Patient Square Capital news release.

"Many medical technologies that have been in development for a decade or more are right at the cusp of making a major impact on patient lives," Jim Momtazee, managing partner of Patient Square, said in the release. "We want to be bold in our support of that innovation and believe that partnering with Evan allows us to step aggressively into that funding void to position a number of product launches for success."

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