New Hope-Based Healthcare Company Receives the Top Venture Capital Deal in the Philadelphia Area

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The New Hope organization is looking forward to the new year with a new team.

A Bucks County healthcare company was recently listed as having received one of the best venture capital deals in the area this past year. Ryan Mulligan wrote about the local company for the Philadelphia Business Journal.

Orchestra BioMed, located at 296 Union Square Drive in New Hope, closed on a $100 million funding deal before teaming up with a special purpose acquisition company earlier this year. The company, Health Sciences Acquisition Corp. 2, teamed up with the Bucks County biomedical innovation company to expand their operations in the field.

Back in July, when the organization went public, the company announced it had entered into a collaboration with Medtronic, one of their collaborators, to develop a potential high blood pressure treatment that would be used for patients in need of a cardiac pacemaker.

Listed under a Series D deal, it was at the top of the list for the biggest venture capital deals in the Philadelphia region in the third business quarter

Read more about Orchestra BioMed at the Philadelphia Business Journal.

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