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Archives for April 2007

Andover Medical Closes $5.6 Million Private Financing

North Andover, MA-based Andover Medical announced today that it closed $5.6 million in private financing at the end of March. The firm, which makes orthopedic, podiatric and urological durable medical equipment (known as “DME”), will […]

11 April 2007 | Blog | No Comments

BioForce Nanosciences Looking for Cash

BioForce Nanosciences, an Ames, IA-based nanotechnology firm, put out the word today that it’s looking for financial backing for its ViriChip platform, a patented system designed to detect and identify whole viruses. The firm believes the technology, from […]

11 April 2007 | Blog | No Comments

VCs Bullish on Med Tech Space

The Wall Street Journal today has a piece on venture capitalists’ current favorable opinion of the medical technology market, particularly as it relates to small, start-up companies. Partners from such firms as Highland Capital Partners, IDG […]

11 April 2007 | Blog | No Comments

Ex-Endocare Execs Indicted

The former CEO and CFO of Endocare, an Irvine, CA, company specialized in cryoablation technology, were indicted yesterday in connection with fradulent claims made between 2001 and 2003. Ex-CEO Paul Mikus and ex-CFO John Cracchiolo, […]

10 April 2007 | Blog | No Comments

Hydromedix to Raise $250K

Hydromedix, a West Palm Beach, FL, company that makes devices to accelerate healing, announced yesterday that it will raise about $250,000 to fund prototype development of an appendage apparatus for use with the company’s patented technology, Dry Contact […]

10 April 2007 | Blog | No Comments

Jefferies Expands Device and Diagnostics Coverage

Investment bank Jefferies & Co. announced today the expansion of its medical devices and diagnostics coverage, with the addition of managing director and senior equity research analyst Peter Bye. The former senior research analyst at […]

10 April 2007 | Blog | No Comments

Reimbursement for Glucose Device So Far a Go

The Centers for Medicare and Medicaid on Friday issued a positive preliminary decision for DexCom to develop a Healthcare Common Procedure Coding System for its devices. The codes are necessary for processing health insurance claims. […]

9 April 2007 | Blog | No Comments

Tepha Flexes Marketing Muscle

FDA today gave the thumbs up to Cambridge, MA-based Tepha, to market its TephaFLEX Absorbable Suture product in the U.S. TephaFLEX is the first device that the privately held firm developed from a new class of biopolymers derived from a […]

9 April 2007 | Blog | No Comments

Doc Says Small Firms Further Innovation

The International Herald Tribune yesterday ran a short profile on Dr. Thomas Fogarty, a well known cardiovascular surgeon who holds about 125 patents including one for the Aneurx stent. In it, Fogarty expresses concern for […]

7 April 2007 | Blog | No Comments

New Site Monitors Post-Approval Device Studies

FDA today unveiled a new Web site that tracks post-approval studies for approved medical devices. The site, which currently has about 40 listings, includes information on all post-approval device studies ordered by FDA since January […]

6 April 2007 | Blog | No Comments

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