FDA Approves Ankle-Replacement System

The U.S. Food and Drug Administration has approved the Scandinavian Total Ankle Replacement (S.T.A.R.) System for patients with arthritic or deformed ankles. The S.T.A.R. Ankle, developed by Small Bone Innovations of Pennsylvania, relies on bearings that move across a surface of flexible plastic. The device...

Burrill Report: Financing Activity May Lift Cloud Hanging Over Biotech Industry

By Marie Daghlian, The Burrill Report Although investors are grasping at any positive sign of improvement in the economy to push a market rally forward, the recession is still very much with us. A rally in the beginning of last week fizzled ahead of the holiday weekend as investors remained concerned about...

SyntheMed’s REPEL-CV Approved by Australian Regulators

REPEL-CV, an anti-adhesion barrier developed by biomaterials company SyntheMed, has been approved by the Australian Therapeutic Goods Administration for use in open-heart surgery. The approval allows New Jersey-based SyntheMed to market REPEL-CV in Australia through a distributor. The product is...

Explore Investment and Networking Opportunities at IN3 East

Hundreds of companies such as Bain Capital Ventures, Becton Dickinson, Covidien, DePuy Mitek Worldwide, Kimberly-Clark, Medtronic, Novartis BioVenture Fund, Quaker BioVentures, Siemens Venture Capital, Stryker Instruments, Wright Medical Technology, Integra LifeSciences, and more have already decided to...

Sonitus Medical Attracts CIA Dollars

Sonitus Medical Inc., developer of a non-surgical hearing aid that is designed to transmit sound via the teeth, announced that it has received an investment from In-Q-Tel, a strategic investment firm that was started by the CIA. California-based Sonitus did not disclose terms of the investment and their...

Biogen Idec, Electro-Optical Among “5 Stocks Approaching Greatness”

Investment website The Motley Fool has published a list of five stocks approaching greatness–and four of them are within the life sciences industry. Biogen Idec, Covidien, Depomed, and Electro-Optical Sciences were selected by the 130,000 members of the Fool’s CAPS investment community for...

Clarient Stock Deal Frees Up Cash for Safeguard Scientifics

Safeguard Scientifics Inc. has received $19.5 million in cash, and freed up another $12.3 million in cash due to one of its portfolio companies completing the second part of a private placement of convertible preferred stock. Safeguard, a Pennsylvania-based investor in information-technology and...

Compounds in Plant DNA May Help Humans

 That little houseplant sitting on your windowsill could one day save your life. Researchers in Canada will lead a project to analyze plant genes for their potential benefit to human health, with the results to be shared worldwide. The project was announced at this year’s BIO International Convention in...