AFP Captures Italian Firm’s 3-D Imaging Device

AFP Imaging Corporation, of Elmsford, NY, has successfully completed the acquisition of Quantitative Radiology (QR), an Italian firm for which AFP has been the exclusive North American distributor for the past year. Most notably, with the acquisition comes QR’s principal product, a digital x-ray...

Yulex Expands Beyond Surgical Gloves

The latest issue of Fast Company has a profile of Yulex Corporation, a Carlsbad, CA, company known for making latex products that are safe for people with tropical latex allergies. Since being founded in 1997, the company’s bread and butter has been surgical gloves and condoms. But, the firm is now...

CryoCor Raises $5.45 Million in Private Placement

San Diego-based CryoCor has raised $5.45 million in a private placement with a group of accredited investors. The company sold 1,052,423 shares of common stock priced at a closing bid price of $5.14 per share.  CryoCor’s signature product, the Cryoablation System, treats cardiac arrhythmias through...

Governor Welcomes VCs to Pennsylvania

The governor of Pennsylvania has launched a new program to help attract venture capital to the state’s emerging companies, including those in the life sciences field. The New PA Venture Capital Program is part of Governor Edward Rendell’s $2.8 billion “Economic Stimulus Plan,”...

Iapyx Introduces Catheter Stabilization Devices

Iapyx Medical, a San Diego firm that makes single-use medical devices, today introduced two products for reducing the risk of common hospital-acquired infections. The Stable-Line Arterial catheter stabilization device is designed to prevent inadvertent movement and dislodgment of arterial lines. Suture...

Strongest Quarter Ever for Life Sciences Venture Funding

Life sciences venture funding reached an all-time high in the first quarter of 2007, with 36% of total investments going toward the sector. Medical device companies contributed $1.08 billion in 96 deals, which marks a 60% improvement over the last quarter of 2006. Biotechnology was the single largest...

When’s the Right Time to Hire a PR Pro?

Jim Weinrebe has been doing healthcare PR and marketing for over 20 years. In his current role as senior vice president at Schwartz Communications, Weinrebe works with a variety of medical device, e-health and healthcare IT clients. To name just a few, Boston-based Schwartz has as clients Caliper Life...

Sights Set on Advancing Treatment for Retinal Disease

A piece from the current issue of The American focuses on three small med tech firms’ efforts to reverse blindness – and the challenges such companies face in garnering funds for their innovative projects.  Neurotech, from Lincoln, RI, is conducting trials for its Encapsulated Cell Technology...