Brandon Glenn is the Ohio bureau chief for MedCity News.
Neurostimulation pain-relief device company SPR Therapeutics has been approved for a $900,000 loan from the state of Ohio. The financing comes after Cleveland-area SPR earlier this year raised a $2.2 million series A round and announced that it was on the hunt for strategic partnerships that could range from licensing deals to outright acquisition. A […]
Maybe Cleveland’s chief rival in the medical mart competition is stronger than previously thought. The Nashville Medical Trade Center announced its biggest tenant yet, an 80,000-square foot multi-vendor showroom that will feature RFID (radio frequency identification) and RTLS (real-time locating systems) technologies in healthcare. Multiple companies associated with the RFID in Healthcare Consortium, a trade […]
By reducing administrative burden and redesigning workflows around human needs, it creates space for what matters most: connection between clinicians and patients.
The medical imaging industry, or at least its leading trade group, would have us believe it’s “unsettling” that pricey medical imaging procedures like CT scans and MRIs are on the decline. To the contrary, it’s a welcome and somewhat rare sign that the U.S. health industry is actually getting something right, and that profits and […]
It isn’t easy to get profit-hungry Wall Street excited about a drug that hasn’t yet been tested in humans and is at best years and years away from generating any sales, but Athersys (NASDAQ:ATHX) CEO Gil Van Bokkelen did his best in a recent conference call with investment analysts. That’s because there are recent signs […]
Fresh off receiving the CE Mark for its cervical spinal disc replacement device, AxioMed Spine has added $5 million to its series D round of investment. The latest funding tranche brings Cleveland-area AxioMed’s series D round to $20 million, chief financial officer Jerry Baty said. European regulatory approval for AxioMed’s cervical disc complements the CE […]
Federal grants can be a lifeline that allows life sciences startups to refine their technologies before they commercialize, but the nondilutive government funding can be hard to get. The success rate for companies seeking grants through the government’s Small Business Innovation Research and Small Business Technology Transfer programs hovers between 11 percent and 15 percent, […]
Veradigm examines key clinical trends, comorbidity profiles, and treatment trends across adolescence, reproductive years, and peri-/post-menopause. Download it today!
It’s a pretty safe bet that you’d be happy if someone agreed to pay you more to do the same thing you’ve already been doing. So, surely primary care doctors can appreciate one provision of the federal health reform law that bumps Medicaid rates for primary care up to the same level as Medicare rates, […]
Surgical sponge detection company ClearCount Medical Solutions has raised $1.5 million, according to a regulatory filing. Pittsburgh-based ClearCount has been quiet on the fundraising front since August 2010, when it announced a $5 million series B round of investment led by Draper Triangle Ventures. ClearCount Medical has developed the SmartSponge and SmartWand systems, which use […]
Drugs that mimic beneficial bacteria found in the human gut, implantable and incisionless weight loss devices and stem cells that restore pancreatic function. If the world is going to make a dent in the diabetes epidemic, it’ll require innovative approaches like those mentioned above – and more. Solutions to the “whole body” problem of diabetes […]
A health coaching startup founded by Cleveland Clinic wellness chief Dr. Michael Roizen and TV star Dr. Mehmet Oz has raised $1.6 million, according to a regulatory document. MedCity News reported in March that Enforcer eCoaching was aiming to raise $3 million in investment funding. A subsequent regulatory filing revealed that the company has raised […]
Discover the top AI-powered EAP providers for 2026. Compare platforms like Kyan Health and Spring Health on triage speed, global reach, and clinical quality to transform workforce wellbeing.
Following on the heels of two hospitals, the University of Notre Dame has become the first university to strike a collaboration with Cleveland Clinic aimed at commercializing medical innovations from its faculty and researchers. Through the collaboration, Cleveland Clinic Innovations will essentially do for Notre Dame what it does for the Clinic — help turn […]
Patent laws are changing. The America Invents Act has shifted U.S. patent laws to a “first-to-file” system from a “first-to-invent” system, according to attorney Steven Auvil, chair of the intellectual property practice group at Benesch in Cleveland. Auvil’s work focuses largely on litigation of intellectual property disputes. In the interview below, he discusses changes to […]
A new partnership with a company that bills itself as having the most broad-reaching healthcare communication network in the country could increase health IT startup CoverMyMeds‘ health insurance customer base. Cleveland-area CoverMyMeds (CMM) has developed Web-based tools that speed up and automate the submission of prior authorization requests to health insurance plans. Insurers sometimes require […]
Nonprofit business development group TechColumbus has hired a new CEO from a similar organization in Oklahoma. Tom Walker, who began his career as a research scientist at Battelle, takes the reigns of TechColumbus. TechColumbus had been led by interim CEO Tim Haynes since the group’s former leader and founder, Ted Ford, announced his resignation in […]
In the world of startups, few separate topics of discussion have recently been hotter than angel investing and crowdfunding. But what about considering where crowdfunding and angel investing intersect? Can these two forms of startup fundraising co-exist peacefully or might crowdfunding pose a threat to angel investors? In short, it’s too early to say, but […]