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Month: August 2007

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New Spine-Surgery System Launched Nationwide

August 15, 2007 Sara Calabro 0

Innovative Spinal Technologies, a Mansfield, MA, company that makes motion-preservation treatments for spinal disorders, has officially launched its Paramount VBR System for minimally invasive spine […]

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SyntheMed Closes $2.8 Million Equity Financing

August 14, 2007 Sara Calabro 0

SyntheMed, an Iselin, NJ-based biomaterials company, has completed the initial closing of a $2.8 million equity financing. The money will help fund the U.S. launch […]

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Three Pittsburgh Firms Split $350K

August 14, 2007 Sara Calabro 1

Pittsburgh Life Sciences Greenhouse (PLSG), a regional organization dedicated to nurturing startup life sciences companies in Southwestern Pennsylvania, has invested $350,000 in three local firms […]

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SurModics Acquires BioFX for $22.7 Million

August 13, 2007 Sara Calabro 0

In an all-cash deal that could be worth up to $22.7 million, Eden Prairie, MN-based SurModics, which provides surface-modification and drug-delivery technologies to medical-device and […]

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GeneNews Secures $2 Million for Prostate Tests

August 13, 2007 Sara Calabro 0

GeneNews (formerly ChondroGene), a Toronto-based molecular diagnostics firm, has secured $2 million in funding through an agreement with an Asian Biomedical consortium. GeneNews’ most advanced […]

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Madison, WI, Named Big Cheese of Startup Cities

August 10, 2007 Sara Calabro 0

The on-stands issue of Fast Company includes a “Fast Cities” feature, in which 30 urban centers are acknowledged as good places to start and run […]

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KFx Medical Closes $10 Million Series B Financing

August 10, 2007 Sara Calabro 0

KFx Medical, a four-year-old orthopedic-device maker from Carlsbad, CA, has closed $10 million in Series B financing. The financing — led by Alloy Ventures, and […]

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Biophan Sells Patents to Medtronic for $11 Million

August 9, 2007 Sara Calabro 1

Biophan Technologies, a Pittsford, NY-based imaging company, has agreed to sell its MRI-safety patents to Medtronic for $11 million. The company will turn over a […]

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Dept. of Homeland Security Ups Nanomix Grant

August 9, 2007 Sara Calabro 0

Nanomix, an Emeryville, CA-based nanoelectronic detection company, has received an additional $260,000 from the Department of Homeland Security (DHS) for a classified three-year project involving […]

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Biofisica Secures $2 Million for New Wound Product

August 8, 2007 Sara Calabro 0

Biofisica, a Duluth, GA, wound-care company, has secured $2 million in financing to support its first product, a medical device that combines moist wound-care dressing […]

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