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Lipitor co-developer’s rebooted startup gets $33M for trials of cholesterol-lowering drug

Lipitor co-developer’s rebooted startup gets $33M for trials of cholesterol-lowering drug

April 30, 2013 5:15 pm by | 0 Comments

In its second wind as a company, Esperion Therapeutics (once owned by Pfizer) has just collected $33 million to continue with clinical trials of its cholesterol-lowering drug.Plymouth, Michigan-based Esperion is ... Read more

Prostate treatment company NxThera gets millions, corporate partner

Prostate treatment company NxThera gets millions, corporate partner

March 10, 2011 7:06 pm by | 0 Comments

NxThera Inc., a Shoreview, Minnesota-based startup developing a thermal vapor prostate treatment, is bringing in millions of extra investment dollars, including from a corporate partner. ... Read more


NxThera Inc. raises another $2M for prostate device

NxThera Inc. raises another $2M for prostate device

November 5, 2010 10:42 am by | 0 Comments

NxThera Inc. has raised $2 million from the sale of equity and warrants, according to documents filed with the Securities and Exchange Commission. The startup based in St. Paul is ... Read more

NxThera Inc. raises $1 million for prostate device

NxThera Inc. raises $1 million for prostate device

August 3, 2010 4:45 pm by | 0 Comments

NxThera Inc. has raised $1 million from the sale of equity and debt, according to documents filed with the Securities and Exchange Commission.The start-up, based in St. Paul, is developing ... Read more

Delphinus Medical gets $8M for breast cancer detection device

Delphinus Medical gets $8M for breast cancer detection device

May 25, 2010 11:24 am by | 0 Comments

Delphinus Medical Technologies Inc. has received $8 million in funding commitments to further develop an ultrasonic breast cancer detection device that could become an alternative to mammograms.The funding means that ... Read more

CerviLenz debuts inexpensive device to indicate preterm births

CerviLenz debuts inexpensive device to indicate preterm births

May 17, 2010 5:00 pm by | 1 Comments

Obstetricians, nurse-midwives and labor and delivery nurses now have a powerful — and inexpensive — tool for assessing a woman’s risk of delivering a baby too early. CerviLenz.The disposable device ... Read more

Doctor-turned-venture capitalist excited about Midwest investing

Doctor-turned-venture capitalist excited about Midwest investing

May 10, 2010 12:39 pm by | 0 Comments

Dr. Brian Duncan caught the business bug as the only clinician on a team of Cleveland Clinic researchers who set out in 2004 to develop a heart-assist pump for infants ... Read more


Michigan’s Esperion Therapeutics raises $5M for cardiovascular disease drug

Michigan’s Esperion Therapeutics raises $5M for cardiovascular disease drug

February 17, 2010 4:45 pm by | 0 Comments

Esperion Therapeutics Inc., a spin-off from Pfizer Inc., has raised an additional $5 million to develop drugs that treat cardiovascular and metabolic disease, according to a SEC filing. The regulatory ... Read more

Michigan’s Aastrom Biosciences prices stock offering, shares tumble to 52-week low

Michigan’s Aastrom Biosciences prices stock offering, shares tumble to 52-week low

January 15, 2010 2:20 pm by | 1 Comments

Aastrom, which is developing therapies that use stem cells to treat cardiovascular diseases, priced its shares at 26 cents per unit and hopes to raise $10.9 million from the offering. ... Read more

Michigan early stage venture firm Arboretum adds former Aastrom Biosciences CEO

Michigan early stage venture firm Arboretum adds former Aastrom Biosciences CEO

January 8, 2010 11:38 am by | 1 Comments

Early stage health investor Arboretum Ventures has added George Dunbar, former chief executive of Michigan biotech company Aastrom Biosciences Inc., as a partner. ... Read more

Michigan’s Accuri Cytometers raises $4 million

Michigan’s Accuri Cytometers raises $4 million

July 13, 2009 12:23 pm by | 0 Comments

The company said it needed to raise the money to keep up with demand. Accuri launched its Accuri C6 Flow Cytometer in April 2008 and followed that launch three months ... Read more

CerviLenz closes on $4 million Series A round to create preterm pregnancy detector

CerviLenz closes on $4 million Series A round to create preterm pregnancy detector

May 12, 2009 8:59 am by | 0 Comments

The company is developing a disposable device that measures the length of a woman's cervix to help predict risks of preterm birth. It is potentially easier, less costly and just ... Read more

Are venture capitalists ready to resume biomedical investing?

Are venture capitalists ready to resume biomedical investing?

February 5, 2009 2:13 pm by | 0 Comments

Biomedical companies with compelling technologies could win millions of dollars in investments this year despite the worst gloom in financial markets since the Great Depression. ... Read more