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.

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Transcend Medical Raises $20 Million for Glaucoma Device

VentureWire reports that Transcend Medical, a developer of devices to treat glaucoma, has raised $20 million in equity.

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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.

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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.

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Radiology Start-Up Raises $10 Million

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.

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Burrill to Invest $1 Billion In Biotech Project

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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