Archives for October 2007
Investors Commit $30M to Rare-Cell Detection Tests
Ikonisys, a New Haven, CT, company that makes cell-based diagnostics for women’s health and oncology, has closed $30 million in Series E funding. The financing follows FDA clearance of two diagnostic applications for use in conjunction with Ikonisys’ Ikoniscope digital microscopy platform.
The Ikoniscope is a fully automated microscopy platform that […]
X-Spine Gets CE Mark, Signs Distribution Deal
X-spine Systems, a four-year-old company from Miamisburg, OH, has been given permission to expand into Europe, after receiving CE Mark approval for its Capless and Spider Cervical spinal implant products. Both products are already FDA cleared, and are being marketed in South Africa as well.
The Capless Pedicle Screw […]
TriReme Raises $15.6 Million for New Stent System
TriReme Medical (TMI), a Pleasanton, CA-based device company working on a new stent technology, has completed a $15.6 million Series C round. The financing — led by Three Arch Partners and completed by Adams Street Partners — will be used to continue development and ongoing clinical trials of the company’s single-balloon bifurcation stent system.
Privately held […]
Med Tech Firms Make Forbes Small-Companies List
Ventana Medical Systems, in the midst of a hostile takeover bid by Roche, finally has something to smile about: The firm is the highest-ranking med tech firm, at number 17, on Forbes’ 200 Best Small Companies in America list, released last week.
The Tuscon, AZ-based company markets automated diagnostic systems to the anatomical pathology market. In […]
National Cancer Institute Fast Tracks Gene-Analysis Platform
Compendia Bioscience, an Ann Arbor, MI, company focused on oncology drug development, has received a $2.4 million Small Business Innovation Research (SBIR) Fast Track Award from the National Cancer Institute (NCI). The money will go toward commercialization of the company’s flagship product, Oncomine, an online platform that performs cancer gene-expression analysis.
Oncomine aggregates cancer profiling data […]
Michigan’s Life Sciences Sector Brought Together
The Michigan Life Science Network, an organization founded earlier this year to help bolster its state’s life sciences sector, is launching two new companies to attract business to local medical device and pharma companies. The goal is to facilitate communication with businesses outside of Michigan that are interested in tapping the state’s resources.
The two virtual […]
Orthobiologic Company Raises $16 Million
Spinal Restoration, a privately held spine company based in Austin, TX, has closed a $16 million Series B round of equity financing. The money will be used to complete an IDE trial of its Biostat […]
Endocare Approved for Nasdaq Listing
Endocare, an Irvine, CA-based company focused on tissue and tumor ablation, has been approved for listing on Nasdaq. The company’s common stock will commence trading on The Nasdaq Capital Market under the symbol “ENDO” beginning tomorrow, October 10, 2007.
Craig Davenport, Endocare’s CEO, said in a statement, “Our listing on Nasdaq is a significant milestone for […]
$37M for Age-Related Macular Degeneration Startup
Optherion, a two-year-old company developing tests and treatments for age-related macular degeneration (AMD), has raised $37 million in Series A financing.
The company’s initial focus will be on dry AMD, the leading cause of blindness in people over 60. Optherion is developing therapies aimed at preventing vision loss in dry-AMD patients, as well as a portfolio […]
