
Dodd’s Bill: Harmful to Medical Device Start-Ups?
A financial reform bill currently moving through the Senate is causing a furor among businesspeople and investors, with experts predicting that the bill will harm innovation in America.
A financial reform bill currently moving through the Senate is causing a furor among businesspeople and investors, with experts predicting that the bill will harm innovation in America.
VentureWire reports that Transcend Medical, a developer of devices to treat glaucoma, has raised $20 million in equity.
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.
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.
Foundation Radiology Group, a provider of diagnostic imaging services to hospitals and medical institutions, announced that it has raised $10 million in the company’s first round of venture funding.
The economic climate may be grim, but biotech banker G. Steven Burrill is looking to the future. The CEO of Burrill and Co. plans to invest $1 billion into Minnesota’s Pine Island biotechnology project and a private equity/venture capital fund.
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