108 BioCapital announced that it is leading a financing round in SedMed, with a $4 million investment. The financing will support SedMed's next phase of commercial growth and expand access to its non-electric toilet lift, which is designed to help older adults and individuals with mobility limitations sit and stand more safely and independently while reducing strain on caregivers.

SedMed will use the investment to accelerate commercial expansion, grow its distribution and channel partnerships, advance its intellectual property portfolio and conduct additional hospital-based studies.