Mainstay Medical — the Dublin-based medical devices firm — has raised a fresh €30m in funding via the placement of 2.3m new ordinary shares in the company.

Mainstay Medical, the Dublin healthcare firm on the verge of a breakthrough in chronic back pain treatment, is considering a further round of fundraising as it prepares its main product for market.

Dublin-based medical devices firm, Mainstay Medical has received a boost to its attempts to commercialise a breakthrough treatment for chronic back pain by securing $15m (€13m) in debt financing.

Dublin-based medical devices company Mainstay Medical has taken the first steps towards testing what it hopes with be a revolutionary treatment for chronic back pain.