Archives for September 2007
Imalux Closes $5.1 Million Series C Financing
Imalux, a Cleveland, OH-based firm specializing in imaging technology, has closed a Series C round of $5.1 million, including conversion of $2.5 million of bridge financing.
The funding — for which lead investors Early Stage Partners, ElectroSonics Medical, Reservoir Venture Partners, […]
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Fall Med Tech Investment Digest Covers 200 Firms
The now-available fall issue of Medical Technology Investment Digest, OneMedPlace’s quarterly membership publication, covers nearly 200 emerging medical technology companies.
These firms hail from a variety of regions, but the issue pays extra attention to St. Louis, MO, in a special regional focus on the city’s life sciences industry. The focus contains a feature article on […]
Cardiosolutions to Use Series A Cash for Pilot Trial
Cardiosolutions, of Stoughton, MA, has closed a $7 million Series A financing, led by BioVentures Investors. The funding will go toward pilot human trials of the company’s minimally invasive system for repairing mitral regurgitation.
Mitral regurgitation is the most common type of heart-valve insufficiency. It is a long-term disorder in which the valve that separates the […]
ISTO Gets 501(k) Clearance for Bone-Graft Technology
ISTO Technologies, a St. Louis, MO-based orthobiologics company, has received 501(k) clearance for its InQu bone-grafting technology. FDA has cleared the technology for use as an extender in the spine and as a bone-graft substitute in the extremities and pelvis.
InQu represents a new class of synthetic biomaterial scaffold designed to optimize structural and biological properties […]
Chembio Awarded NIH Grant for Leptospirosis Test
Chembio Diagnostics, of Medford, NY, has been awarded a $286,000 Small Business Innovative Research Phase I grant ffrom the National Institutes of Health to develop a rapid seriodiagnostic test for leptospirosis, an emerging infectious disease in the U.S.
The test — which will be developed in collaboration with Weill Medical College of Cornell University in New […]
Pittsburgh Welcomes Coventina with $150K
Coventina Healthcare Enterprises, a South Park, PA, firm specializing in therapeutic warming devices, has received $150,000 from The Pittsburgh Life Sciences Greenhouse (PLSG), an organization founded in 2001 to grow southwestern Pennsylvania’s life sciences industry.
Coventina recently relocated to the region after acquiring the assets of a Texan company, SeliCor, with an established presence in southwestern […]
AdvanDx Pulls in $15 Million in Series C Funding
AdvanDx, a Woburn, MA, molecular diagnostic company, has closed a $15 million Series C financing from new and existing investors. The five-year-old private company will use the money to accelerate commercialization of its molecular-based, in vitro diagnostic tests for infectious diseases.
AdvaDx’s two main tests are PNA FISH and EVIGENE. Both provide rapid identification results (available […]
CardioDynamics Sets Plan for Profitability
Two weeks after completing the $8 million sale of its Vermed business unit, San Diego-based CardioDynamics has announced a plan to accelerate its return to profitability. The company, which uses impedance cardiography (ICG) technology to monitor the heart’s ability to deliver blood to the body, has invested in revenue-growth initiatives and expense reductions, including a […]
Texas Instruments Invests $15 Million in Med Tech
Technology behemoth Texas Instruments has allocated $15 million to fund medical-technology research at select universities. The money will support R&D of emerging medical technologies over a period of several years, across a variety of areas, including personal medical devices, implantables, medical imaging, wireless healthcare systems and biosensor technology.
Texas Instruments’ technology is currently being used throughout […]
