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New biomed company seeks in excess of $10 million to leverage KCI-licensed technology

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Progenerative Medical is wasting little time making the most of its new deal with Acelity LP subsidiary Kinetic Concepts Inc. After securing a licensing agreement with KCI, the upstart San Antonio company, which has been self-funded so far, is now launching a Series A funding round. “We need to raise some money,” said Progenerative Medicine Chief Technology Officer Neal Vail. How much money? The company’s CEO, James Poser, said officials have set a goal of $10.5 million. “We could certainly…

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