HemCon Bandages Battle Their Way into Hospitals

HemCon Medical Technologies, a Portland, OR-based wound-care company, has inked a deal with Cardinal Health to bring HemCon’s hemorrhage-control bandages — thus far, used primarily by the U.S. military for battlefield trauma — to hospitals and surgery centers. The four-year agreement, for...

Satiety Raises $30 Million for Obesity Device

Satiety, a six-year-old Palo Alto, CA, company that’s working on a device that restricts how much food the stomach can hold, has raised $30 million in a Series D financing, The Deal reports. The money, which brings the company’s investment total to over $50 million, will be used to fund U.S....

Inverness Acquires Majority Stake in Diamics

Diamics, a Novato, CA-based company that develops molecular-based cancer screening and diagnostic systems, has secured a $6 million equity investment from Inverness Medical Innovations. The deal gives Inverness, a leading diagnostics company specializing in women’s health, 51% of the privately held...

Pulmonary Device Market May Present Big Opportunity

If you’re looking to invest in medical devices, the pulmonary market might be a good place to focus your energy. That’s according to a new report by market research firm Health Research International, which is predicting the sector to double to more than $3 billion by 2011. The report,...

Arthritis Imaging Device Backed by Regional Group

Cartesia Dx, a Pittsburgh-based company whose technology uses three-dimensional and thermal images to spot inflammation, is the latest startup to receive backing from a local life sciences support group. Pittsburgh Life Sciences Greenhouse (PLSG), an organization that invests in emerging life sciences...

Software Firm Secures $600K for Immunoassay Testing

Brendan Technologies, a Carlsbad, CA, company that makes software for immunoassay and bioassay testing technologies, has secured $600,000 in bridge financing. The firm, which works with such big-name clients as Amgen, Merck and Eli Lilly, will use the money to complete an upgraded version of StatLIA, an...

Lumera Forms Bioscience Subsidiary

Roughly a year after a corporate restructuring that separated its bioscience and communications units, Bothell, WA-based Lumera has formed a wholly owned subsidiary for its bioscience business. Called Plexera Biosciences, the subsidiary formalizes the nanotechnology company’s commitment to evolving...

Stem Cell Engineering Company Raises $25 Million

Novocell, a stem cell engineering company based in San Diego, has raised $25 million in a Series C round. Led by Johnson & Johnson Development Corporation — with participation from existing investors Sanderling Ventures, Asset Management Company and Pacific Horizon Venture — the financing...