AirXpanders engages adviser to 'explore alternatives'

Tissue expander developer AirXpanders announced that it has retained a financial services firm to explore "financial and strategic alternatives" for the San Jose company.

AirXpanders said it has retained Cowen, a New York City firm, to "evaluate opportunities to explore a wide range of financial and strategic alternatives." Such alternatives could include raising a round of capital funding.

AirXpanders has developed the AeroForm tissue expander system, which patients use when undergoing two-stage breast reconstruction following mastectomy.

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