CryoMedix is finding ways to use cryoablation, the use of freezing temperatures, to kill defective tissues or treat diseases. The company is raising money for commercialization.

CryoMedix is finding ways to use cryoablation, the use of freezing temperatures, to kill defective tissues or treat diseases. The company is raising money for commercialization.

CRYOMEDIX LLC

CEO: Bill Nydam.

Revenue: Pre-revenue.

No. of local employees: Four employees in Southern California plus several in Albuquerque, which will be relocating to San Diego upon funding.

Investors: 10 California investors.

Headquarters: San Diego.

Year founded: 2009.

Company description: Medical device company that treats multiple health care diseases using freezing temperatures.

Key factors for success: Raising funds to move to commercialization.

During 35 years in the health care industry, Bill Nydam has learned enough about cryoablation to take the existing technology and together with CryoMedix LLC co-founders Peter Littrup and Alex Babkin expand its use to a number of multibillion-dollar markets...