A drug discovery startup that lays claim to “the largest chemical libraries in the world” has raised $600,000 in equity, according to a regulatory filing.Pittsburgh-based Carmolex says its library contains compounds “never seen before,” giving it an advantage over competitors whose libraries are biased toward historical targets.Similar to some clinical research organizations, Carmolex operates its [...]

The greatest advocates for telemedicine routinely hail it as a way to improve patient access. To that end, Pennsylvania Gov. Tom Corbett has expanded telemedicine services for its 2 million residents on Medicaid as part of its medical assistance program, according to a statement from the governor’s office.Instead of restricting the program to consultations with [...]

A life sciences funding group is offering to help university researchers prove that their digital health ideas are strong enough to turn into real businesses. The QED Proof-of-Concept Program is seeking applications in this space for the first time, according to a statement from the University City Science Center.Run by the University City Science Center, [...]

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 radio-frequency identification [...]

Pancreatic cancer has a reputation as the silent killer because it frequently isn’t diagnosed until after it has metastasized, and there is currently no reliable way to detect it. But a 15-year-old entrepreneur in the making has developed an early detection device with 90 percent accuracy, a noninvasive tool that could improve chances of survival [...]

Penn State Research Foundation has inked a licensing deal with a medical device company to provide game-changing wireless energy technology for left ventricular assist devices. The technology would be utilized for patients with congestive heart failure and could eliminate wound care issues, making it more feasible to expand the number of patients for the implants [...]

A biotechnology company that specializes in acute care therapeutics has shelved its development of an anticoagulant therapeutic designed to neutralize the effects of blood thinner heparin in certain situations because participants in two clinical trials experienced drops in blood pressure.PolyMedix (OTCBB:PYMX.OB) stopped enrollment in a phase 2 clinical trial for reversing the anticoagulant activity of [...]

 As the trend toward minimally invasive cardiac surgery grows, a cardiac medical device startup has developed a sutureless closure device to facilitate transcatheter aortic valve implantation that could cut recovery times and reduce hospital costs.In an interview with MedCity News, Micro Interventional Devices CEO Michael Whitman said he sees a niche in the market for [...]

A stem cell breakthrough at UCLA could mark a big step for a biopharmaceutical company to use its proprietary technology to forge partnerships with pharmaceutical companies and other research institutions.Fibrocell Science’s technology isolates, purifies and multiplies a patient’s fibroblast cells, connective skin cells that make collagen. In a research collaboration with the company, UCLA used [...]

The U.S. Food and Drug Administration has cited a plastic surgery practice over several violations tied to its use of adult stem cells for breast augmentation and other procedures to manufacturing violations.In a warning letter to Dr. Thomas E. Young, the owner and medical director of Young Medical Spa, the FDA’s Center for Biologics Evaluation [...]