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...

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...

Five New Needle-Free Delivery Devices

Despite physicians’ best efforts and parents’ reassurance, receiving a shot is a terrifying experience for a young child. And with an ever-increasing population of insulin-dependent diabetics requiring several injections a day, adults also would be pleased to learn of needle-free...

OpGen Raises $23.6 Million for DNA Analysis Technology

OpGen, a Madison, WI-based company whose technology analyzes DNA extracted from microbial cells, has raised $23.6 million in a Series A equity financing. The financing — led by CHL Medical Partners, Highland Capital Partners and Versant Ventures, with previous investor Mason Wells also participating...

$21.8 Million Series C for Vital Liver Treatment

Vital Therapies, a San Diego, CA-based company developing a human cell-based artificial liver, has completed a $21.8 million Series C financing. The money will go toward continued development of the company’s ELAD (Extracorporeal Liver Assist Device) System, which augments the...

Synergetics to Target Vitreoretinal Surgeons

Synergetics USA, based in O’Fallon, MO, has entered an agreement that grants the company exclusive U.S. distribution rights for retinal lenses and equipment made by Mentor, OH-based Volk Optical. The three-year agreement includes Volk’s line of ophthalmic lenses, used for detailed examination and...

Biosafe, MedRespond and Blue Belt Tech Split $570K

MedRespond, Blue Belt Technologies and Biosafe are the latest companies to benefit from investments by The Pittsburgh Life Sciences Greenhouse (PLSG), a public/private partnership founded in 2001 to grow Southwestern Pennsylvania’s life sciences industry. The organization, which helps emerging companies...

Consumer Demand Drives Aesthetic Market

Nearly five centuries after Ponce de León failed to locate the Fountain of Youth, medical technology has advanced to a stage where willing-and-able consumers can attain a forever youthful look. Wrinkles, once merely a sign of old age, now reflect differences in class and income — for those with deep...