News & Press2020-08-26T10:07:01-05:00

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News & Press

PIVO Enables Healthcare Practitioners to Obtain Blood Samples without a Needle Stick

Clinical laboratories know full well that patients do not like being stuck by needles. And hospital administrators know that increasing the hospital’s patient-satisfaction scores is important for Medicare hospital accreditation. This is why hospital administrators are devoting more attention—and budget dollars—to products that have the potential to reduce the pain experienced by patients. And patient satisfaction surveys...

April 6th, 2020|

New Technology Leads to Decreased Hemolysis Rates

Laboratories in an increasing number of U. S. hospitals and healthcare systems are seeing significantly lower hemolysis rates in the blood specimens their staff are collecting with new technology designed for drawing blood with a single-use, sterile device that advances into the vein through a peripheral IV (PIV). The technology, PIVO (Velano Vascular, San Francisco, California), is a needle-free blood collection device that attaches to a PIV and is used as an alternative to venipunctures...

March 31st, 2020|

S.F.-based startup raises $25M to expand blood collection technologies

San Francisco medical device company Velano Vascular closed a $25 million second round of financing, bringing its total overall to $50 million. The new capital will go toward expanding its needle-less blood draw device and to developing new technologies. CEO Eric Stone would not reveal what these new technologies will entail but said they will fall within the company’s mission of reducing the costs and risk of infections associated with blood draws.

December 20th, 2019|

Velano raises $15M to go beyond non-invasive blood tests

For most of us, getting blood drawn is an unpleasant, but necessary, part of life. For others, though, it's extremely risky, if not impossible. Those people have what is known as difficult venous access (DVA), and they can include children, people witjh chronic illnesses, the elderly and people with diabetes, among others. Velano Vascular is a company that has developed a way to draw blood in the hospital that isn't invasive; rather than using a needle, Velano's technology, called PIVO, allows practitioners to use the peripheral IV...

December 17th, 2019|

Velano Vascular reels in $25M to keep building blood-draw business

Velano Vascular has closed on $25 million in funding that will help the company advance its goal of transforming how blood is drawn from hospital patients. The company’s chief product is called the PIVO. The FDA-approved device allows providers to draw blood through an already-inserted catheter rather than use a fresh needle.

December 17th, 2019|

Velano Secures Additional Funding to Meet Commercial Demand for PIVO, Fueled by Industry Move to One-Stick Hospitalization

Vascular access technology pioneer Velano Vascular today announced that it has closed the second tranche of a $25 million growth financing that will fuel commercialization and the launch of additional novel inpatient medical device solutions. This new investment builds on an initial tranche closed in the first half of 2019 and brings Velano’s total funding to more than $50 million...

December 17th, 2019|

Velano Vascular Receives Frost & Sullivan’s 2019 North America Product Leadership Award for Needle-free Venous Access Technology

Vascular access technology pioneer Velano Vascular today announced that it has been named the Frost & Sullivan 2019 North American Product Leadership Award award recipient for its transformative needle-free blood draw technology. Sowmya Rajagopalan, Healthcare Research Director, applauds PIVO by saying, "clinically relevant laboratory results—confirming PIVO-drawn blood can inform clinical decision-making—as well as an enhanced patient experience is driving rapid market adoption. Early adopter Intermountain Healthcare was the first health system in the US to deploy PIVO system-wide as a standard of care".

November 20th, 2019|
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