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AirXpanders

Biotech & Life Sciences · Mountain View, United States · Founded 2006 · IPO 2015

AirXpanders develops technology enabling tissue expansion after reconstructive surgery with emphasis on breast reconstruction MoreLess

AirXpanders, Inc., which now operates under the name DMK Pharmaceuticals, was a medical device company established in 2005. The company was founded by Daniel Jacobs, a plastic and reconstructive surgeon from California, who also served as the company's chief medical officer. Dr. Jacobs' background in plastic surgery directly informed the company's core product, the AeroForm Tissue Expander System. This system was developed to offer a less burdensome alternative to traditional saline-based tissue expansion for women undergoing breast reconstruction after a mastectomy.

The AeroForm system is a patient-controlled, needle-free device. It consists of a self-contained tissue expander made of silicone, which is placed under the skin and pectoral muscle. A handheld wireless controller allows the patient to administer small, 10cc doses of carbon dioxide from an internal reservoir to gradually inflate the expander. This process is designed to be completed over a period of 10 to 17 days, a significantly shorter timeframe than the several months often required for saline injections. The primary benefit for patients is the convenience of managing the expansion process from home, eliminating the need for frequent and often painful visits to a surgeon's office for saline injections.

AirXpanders targeted the breast reconstruction market, serving post-mastectomy patients. The company's business model revolved around the sale of its AeroForm device to hospitals and surgical centers. The company achieved several significant milestones, including receiving CE Mark approval in Europe in 2012 and De Novo clearance from the U.S. Food and Drug Administration (FDA) in December 2016, allowing for its commercialization in the United States. However, the company faced substantial financial difficulties, leading to its voluntary delisting from the Australian Securities Exchange (ASX) and the appointment of voluntary administrators in June 2019 to restructure its operations. Subsequently, the company underwent a recapitalization and transitioned its focus, re-emerging as DMK Pharmaceuticals.

Keywords: medical device, breast reconstruction, tissue expander, post-mastectomy, patient-controlled, carbon dioxide, surgical devices, reconstructive surgery, FDA clearance, MedTech

Valuation $2.7M
Revenue $643K
Total funding $10–50M

Talent graph

AirXpanders's talent

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Team profiled 12 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

9 investors on AirXpanders's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 2 investors entered at this stage
Heron Capital
Prolog Ventures
Series B+ 7 investors entered at this stage
GBS Venture Partners
Oxford Finance
Western Technology Investment
Vivo Capital
Blue Heron Capital
Correlation Ventures
GE Capital

Global footprint

Where AirXpanders has talent and traffic

Workforce by country
🇺🇸 United States · Mountain View HQ
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Market sentiment

What the market is saying about AirXpanders

An AI-synthesized read of the highest-engagement posts about AirXpanders on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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