Healthcare investment firm Patient Square Capital launched a new portfolio company: Elevage Medical Technologies. The company will support growth-stage medical device companies by providing capital, as well as operational and clinical expertise — it received an initial investment of $300 million from Patient Square.
Benevolent Technologies for Health (BeTH), a two-year old Boston materials startup, is focusing on medical device design to bring patients with lower limb loss customizable interface for their prosthetics. The company’s material is “jammable,” which basically means it can take on any shape. In the world of prosthetics, that means sockets, liners or inserts to adjust to the […]
Canada has a proud history of achievement in the areas of science and technology, and the field of biomanufacturing and life sciences is no exception.
Spine tech startup Benvenue Medical has secured a $40 million Series E, plus $24 million in debt financing, to further commercialization efforts in the States, upscale manufacturing and support growth. The Santa Clara, California-based company launched its Kiva VCF in March. Back then, CEO Robert Weigle said the company was “blessed to be fully funded […]
Around age 40, patients often develop a fuzziness of vision close up, presbyopia–becoming farsighted and losing elasticity in their natural lenses. Docs prescribe reading glasses or bifocals, and the eyes continue their decline. But Irvine, California-based startup LensGen hopes to mimic the lens’ natural movement with an implant. This intraocular lens would harness fluidics and displacement to manipulate curvature, […]
Flow Forward Medical, armed with promising data, has a device that aims to help make more patients eligible for arteriovenous fistula — connecting an artery to a vein, and eventually hemodialysis. If successful, it would also help the more than 60 percent of patients with maturation failure, meaning they can’t get AVF without further surgery. Hemodialysis is […]
The medical device crowd is often a gloom and doom group but I think things are actually looking up for this part of the healthcare industry.
Boston-based startup Sano LLC seeks $1 million in seed funding to commercialize its chronic wound diagnostic in 2015. The recent winner of M2D2 aims to bring the diagnostic to market at a price point as low as a home pregnancy test. While Woundchek has a CE Mark, American physicians are left with a pretty basic […]
Peripheral artery disease (PAD) affects about 8 million people in the US alone, according to the American Heart Association, and it can lead to strokes or heart attacks. Diagnosis is often inaccurate and time consuming, and many people who have the problem are asymptomatic. A Doppler Ultrasound and the Ankle Brachial Index (ABI) scale are […]
Minnesota medical device company MetaModix has raised $150,000 in equity between three undisclosed investors, according to a regulatory filing made with the SEC. The startup, which is working to develop an intestinal liner implant as a Type 2 diabetes treatment, still seeks $350,000. The device would be placed while the patient is consciously sedated during […]
Chicago medical device startup Miret Surgical has raised a Series A round of $644,750 in equity for further product development, CEO John Avi Roop said. The 4-year-old Stanford BioDesign spinout is at work on laparoscopic tools that connect standard-sized surgical tool heads to pediatric-sized shafts. Like many startups in this space, the ultimate goal is to make […]
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
Today, a new treatment launches for osteoporosis patients worried about developing severe spine curvature. Spine tech startup Benvenue Medical, based in Santa Clara, Calif., announced the full commercial launch of its Kiva VCF treatment at the Society for Interventional Radiology (SIR) Annual Scientific Meeting. The medical device tech is implant-based and intended for use in […]
eXXclaim is a new fund focused on investments in women’s health startups with medical device and mobile health solutions. Healthcare investor Dr. Anula Jayasuriya and medical device leader Karen Drexler had been talking about the problems of getting women’s health solutions funded for quite some time. Then it hit them: Schedules relatively open, the investor community […]
Springboard International’s Life Science Accelerator‘s looking for early-stage women-led startups to take under its wing. Though the accelerator offers no funding, it does connect CEOs with a wide network, Jennifer Lannon, the life science program manager at Springboard, said. While that might sound pie-in-the-sky, Springboard has a track-record of getting venture capital for its companies […]
As I read the February Startup Index, I noticed that health IT companies dominated but some products and ideas stretched over more than one category. They incorporated elements of a device and digital health or biotech and diagnostics. A tumor storage center – biotech or diagnostic? A bra to detect breast cancer – digital health […]
After Medtronic‘s (MDT) January announcement it’s halting renal denervation trials and BSX and Covidien following suit, the medical blogosphere erupted, proclaiming the “fall” of renal denervation. It seems to be more than a little premature, considering there are other forms of renal denervation than RF (such as ReCor‘s ultrasound method) and other potential uses than for hypertension. […]
