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Archives for August 2007

New Spine-Surgery System Launched Nationwide

Innovative Spinal Technologies, a Mansfield, MA, company that makes motion-preservation treatments for spinal disorders, has officially launched its Paramount VBR System for minimally invasive spine surgery. The system, cleared by FDA in January 2007 and […]

15 August 2007 | Blog | No Comments

SyntheMed Closes $2.8 Million Equity Financing

SyntheMed, an Iselin, NJ-based biomaterials company, has completed the initial closing of a $2.8 million equity financing. The money will help fund the U.S. launch of the company’s REPEL-CV Bioresorbable Adhesion Barrier, planned for the […]

14 August 2007 | Blog, Member Spotlight | No Comments

Three Pittsburgh Firms Split $350K

Pittsburgh Life Sciences Greenhouse (PLSG), a regional organization dedicated to nurturing startup life sciences companies in Southwestern Pennsylvania, has invested $350,000 in three local firms — Falcon Genomics, Glucose Sensing Technologies, and Celsense. The funding […]

14 August 2007 | Blog | 1 Comment

SurModics Acquires BioFX for $22.7 Million

In an all-cash deal that could be worth up to $22.7 million, Eden Prairie, MN-based SurModics, which provides surface-modification and drug-delivery technologies to medical-device and pharmaceutical firms, has acquired a company that will expand its […]

13 August 2007 | Blog | No Comments

GeneNews Secures $2 Million for Prostate Tests

GeneNews (formerly ChondroGene), a Toronto-based molecular diagnostics firm, has secured $2 million in funding through an agreement with an Asian Biomedical consortium. GeneNews’ most advanced product is ColonSentry — a non-invasive test that seeks to replace […]

13 August 2007 | Blog | No Comments

Madison, WI, Named Big Cheese of Startup Cities

The on-stands issue of Fast Company includes a “Fast Cities” feature, in which 30 urban centers are acknowledged as good places to start and run businesses. Broken down by category, the list highlights four “Startup […]

10 August 2007 | Blog | No Comments

KFx Medical Closes $10 Million Series B Financing

KFx Medical, a four-year-old orthopedic-device maker from Carlsbad, CA, has closed $10 million in Series B financing. The financing — led by Alloy Ventures, and participated in by returning investors Charter Life Sciences L.P., Arboretum […]

10 August 2007 | Blog | No Comments

Biophan Sells Patents to Medtronic for $11 Million

Biophan Technologies, a Pittsford, NY-based imaging company, has agreed to sell its MRI-safety patents to Medtronic for $11 million. The company will turn over a portfolio of devices — which includes pacemakers, defibrillators and neurostimulators […]

9 August 2007 | Blog | 1 Comment

Dept. of Homeland Security Ups Nanomix Grant

Nanomix, an Emeryville, CA-based nanoelectronic detection company, has received an additional $260,000 from the Department of Homeland Security (DHS) for a classified three-year project involving Nanomix’s chemical and biomolecule detection technology. The money is an […]

9 August 2007 | Blog | No Comments

Biofisica Secures $2 Million for New Wound Product

Biofisica, a Duluth, GA, wound-care company, has secured $2 million in financing to support its first product, a medical device that combines moist wound-care dressing with electrical stimulation. The product, POSiFECT, brings together the two technologies […]

8 August 2007 | Blog | No Comments

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