Strong Showing of Healthcare Firms on FSB 100

Fortune Small Business is out with its annual FSB 100, a list of the most successful small public companies in the U.S. Almost a quarter of the list (21 companies) is made up of healthcare-related enterprises. Here’s a look at who made the cut and what makes them worthy: Palomar Medical Technologies,...

Michigan Firms Band Together to Support Startups

Medical device manufacturers in western Michigan are coming together to support the region’s life sciences startups. Seven local companies have created the West Michigan Medical Device Consortium, a membership organization designed to assist small firms with product innovation, business collaboration,...

Pervasis Technology More than a ‘Stentless Stent’

Pervasis Therapeutics, a Cambridge, MA, firm whose endothelial cell technology is shown to reverse vascular dysfunction and disruption, is working on a product that could serve as a viable alternative to controversial drug-eluting stents. But the company’s brass tells Technology Review this week that...

Against Odds, CryoCor Gets Advisory Panel Nod

Two days after CryoCor got word that FDA was not satisfied with safety and efficacy data for the company’s Cryoablation System, the agency’s advisory panel recommended the device for approval. FDA is not required to follow the advice of its advisors, but it typically does. A final decision by...

North Carolina Firm Puts New Twist on Brachytherapy

CivaTech Oncology, a startup based in Research Triangle Park, NC, that’s developing a device for delivering more consistent radiation to prostate-cancer patients, has raised $800,000 in an oversubscribed private financing. The funding demonstrates angel investors’ confidence in the firm’s...

Cytori Forgoes Drugs for Devices

Cytori Therapeutics may be on to something. The San Diego firm is using stem and regenerative cell therapies to develop products for treating cardiovascular disease and performing reconstructive surgery. But unlike so many stem cell companies that are looking to commercialize their technologies through...

New Reports Predict Growth for Device Sector

BBC Research is out with a few reports that look at the medical device sector — and make hopeful predictions. One, “The Global Market for Pain Management Drugs and Devices,” says devices account for only a small sliver of the pain-management pie — $1.87 billion in 2007, compared with...

CardioDynamics Streamlines ICG Business

CardioDynamics, a San Diego-based company that uses impedance cardiography (ICG) technology to monitor the heart’s ability to deliver blood to the body, has decided to sell its Vermed subsidiary for $8 million. The move allows CardioDynamics to focus exclusively on its ICG business and BioZ product...