MRI to Lead Growth in Medical-Imaging Market

The U.S. medical-imaging market — including ultrasound, magnetic resonance imaging (MRI), radiography and mammography, and computed tomography (CT) — will be worth an estimated $11.4 billion by 2012, according to a new report by BCC Research, Medical Imaging: Equipment and Related Products. CT...

Minneapolis Firm Raises $11.8M for Lymphedema System

Tactile Systems Technology, a Minneapolis, MN, company whose technology treats vascular disorders such as lymphedema, has raised $11.8 million. The financing, led by Galen Partners of Stamford, CT, will be used to increase sales of the company’s lead product, Flexitouch, within the lymphedema market,...

New Cervical-Cancer Test Cleared in Europe

Diamics, a Novato, CA, diagnostics company, has received CE Mark approval for a molecular-based cervical cancer-screening tool designed to improve the effectiveness of traditional testing methods. The Pap-Map System — which uses Diamics’ FDA-approved CerCol Cervical Cancer Collection System, for...

CNS Amends Trial for Treatment-Resistant Depression

CNS Response, a Costa Mesa, CA, company whose database-analysis technology helps guides psychiatrists toward appropriate treatments for mentally ill patients, is amending the design of its ongoing trial for treatment-resistant depression. The changes — unblinding the treating physicians, using a new...

Innovention Attracts $115K for Robotic Surgical Probe

Innovention Technologies, a Pittsburgh, PA, spin-out from Carnegie Mellon University, has received $115,000 to further development of a new robotic surgical probe designed to alleviate limitations of endoscopic devices currently on the market. The money — from The Pittsburgh Life Sciences Greenhouse...

VisEn Raises $7M for In Vivo Imaging Technology

VisEn Medical, a Woburn, MA, company using imaging technology to develop real-time molecular mapping of disease states, has raised $7 million in a Series B round. The financing, co-led by new investor Merck Capital Ventures and Flagship Ventures, will be used to expand sales, marketing and customer support...

FDA Grants 501(k) Clearance to ‘Smart’ Oxygen Device

Inspired Technologies, a North Huntingdon, PA, company that makes respiratory devices, has received 510(k) clearance for its VIAspire Oxygen Portable product. The device, part of Inspired’s VIAspire Personal Oxygen System, provides a ready supply of liquid oxygen for patients requiring ...

Regulatory Milestones Inch Stent Stapler Closer to Launch

Lombard Medical Technologies, a London-based company that makes cardiovascular devices and polymer coatings, has received two regulatory approvals that move the company’s stent graft fixation product closer to launch. The approvals — a CE Mark and conditional IDE — are for EndoRefix, a...