Every venture firm’s looking for many multiples when it comes to returns – but in reality, they expect things to shake out a little differently. Seth DeGroot, a managing partner at boutique Minneapolis investment firm Brightstone Venture Capital, spoke on what the firm’s expectations in potential investment targets – and how startups can avoid pesky problems like, say, […]
Scientists are on the lookout for the best lab-grown organ , with 3-D cellular scaffolding emerging as the technology to beat. Minnesota-based Miromatrix Medical falls into this category, and though it’s been a while since we’ve heard something new from them, something might be brewing: Miromatrix seems to be moving slowly but surely toward a $20 million Series B […]
In a webinar on April 16 at 1pm ET, Aneesh Chopra will moderate a discussion with executives from DocuSign, Velatura, and behavioral health providers on eConsent, health information exchange and compliance with the CMS Final Rule on interoperability.
UPDATED AND CORRECTED Regenerative medicine firm Miromatrix Medical, which one day aims to grow human organs, has raised $2.05 million, according to a January letter to shareholders from CEO Robert Cohen. The two-year-old company, which counts former Republican Gov. Tim Pawlenty as a board member, has also formally launched a website. It was in Pawlenty’s […]
That some academics don’t necessarily make good business executives is a well-worn fact. And it’s not uncommon that founders — researchers or otherwise — often step aside, or are sometimes jettisoned in the interest of the firm. But the question is how should founders behave when they are cut off from the company they created? […]
There’s never a dull day at Miromatrix. In the past month, the Glencoe, Minnesota biotech company has moved into a new custom-designed laboratory and welcomed a two-term Minnesota governor to its board of directors, all while working on a two-year time line for the launch of its first product. You probably know Miromatrix as the […]
Sometimes amazing feats of scientific research get all the attention, but the actual process of creating a company from that research and developing a product is rarely that glitzy. Take the case of Miromatrix Medical Inc., the Eden Prairie, Minnesota company trying to become a viable business by commercializing the stunning science of Dr. Doris […]
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.
Founders of companies often clash with CEOs hired to operate the business. But at Miromatrix Medical, a Minnesota company spun out of the University of Minnesota, it happened with lightning speed. By all accounts, Miromatrix has the potential to revolutionize human disease management. The company was spun out of the “U” in December 2009 and […]
The University of Minnesota said Wednesday that its researchers have successfully repaired damaged skin tissue using stem cells gleaned from bone marrow. In a study published Thursday in the New England Journal of Medicine, researchers from the school’s Stem Cell Institute said the therapy can help patients who suffer from recessive dystrophic epidermolysis bullosa (RDEB), […]
Apparently, growing rat organs is the latest rage these days. Just weeks after researchers at the University of Minnesota medical school said they grew breathing rat lungs in a laboratory, a team from Massachusetts General Hospital and Harvard University announced they not only grew rat lungs but also implanted the organs into rats. The lungs […]
Rep. Tim Mahoney (D-St. Paul) has good reason to feel a fresh spring in his step these days. He helped pass long overdue tax credits for angel investors and research and development spending, a feat that earned him a prime spot (second from the left) behind Gov. Tim Pawlenty when the presumed Republican presidential candidate […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
First a beating rat’s heart. Now breathing rat’s lungs. The way the University of Minnesota is going, a liver, kidney and pancreas can’t be far behind. Researchers at the Masonic Cancer Center and medical school said Monday it has grown breathing lungs from a rat in laboratory, the second time in two years the university […]
University of Minnesota tech transfer officials have spoken about the “Big One,” a blockbuster technology that would create or upend an industry while earning the school a hefty return for its efforts. There’s Miromatrix Inc., which hopes to grow organs from stem cells, and VitalMedix Inc., a startup developing a drug to keep alive patients […]
Not to sound paranoid … but … Just when you think Minnesota has turned the corner in stimulating high-tech innovation, the nagging pest otherwise known as the budget has once again reared its ugly head. And it’s not pretty. Just weeks after Gov. Tim Pawlenty signed a bill that established the Minnesota’s first angel tax […]
To BIO or not to BIO? That’s the question confronting Minnesota as it ponders its economic future. In some ways, the answer is obvious. The state boasts a lot of expertise and money in medical technology. Lawmakers have already earmarked millions of dollars to build a “Biomedical Discovery District” in Minneapolis and an “Elk Run […]
Miromatrix CEO Robert Cohen has joined the executive advisory board for the Methuselah Foundation (MFoundation), a nonprofit medical charity that focuses on extending life and eliminating aging diseases. Cohen said he joined MFoundation to specifically work on the group’s NewOrgan Prize, a new scientific competition to stimulate work in regenerative medicine. The foundation will award […]