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 [...]

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 [...]

Radiology outsourcing company Foundation Radiology Group has raised $1 million, according to a regulatory document.Pittsburgh-based Foundation’s latest funding comes in the form of debt and follows another $1 million fundraise that was revealed in a regulatory document earlier this year.Foundation typically doesn’t raise capital in discrete A, B and C funding rounds. Instead, the company [...]

ReGear Life Sciences has added additional funding to support its deep tissue heating pain management device, according to a recent regulatory filing.The therapeutic heating company has raised $850,000 in equity since July, according to the new document. That’s up from the $500,000 in equity the company revealed in a filing last August.Pittsburgh-based ReGear started out [...]

Mobile health monitoring company BodyMedia, which makes an armband that captures health data from users, has raised $2.7 million of an anticipated $10 million round.The funding for Pittsurgh-based BodyMedia comes from four investors, with the first sale occurring on March 13, according to a regulatory document.When worn all day, BodyMedia’s FIT armbands measure a person’s [...]

A company that’s looking to use telemedicine technology to help treat skin disorders has raised $1 million, according to a regulatory document.McMurray, Pennsylvania-based Iagnosis sourced the funding from 11 investors, with the date of the first sale coming on Feb. 15.Iagnosis is developing a virtual office platform to support direct-to-consumer skin care. The company markets [...]

When we last heard from Foundation Radiology Group, the radiology outsourcing company had raised $1 million last November, funding that was revealed in a regulatory document.Now the company has filed an amended regulatory document with the U.S. Securities and Exchange Commission that indicates it’s raised another $1 million.That’s consistent with Pittsburgh-based Foundation’s practices of not [...]

ALung Technologies Inc. has raised a $10 million series B round in preparation for a product launch of its Hemolung oxygen-delivery device in Germany this year, the Pittsburgh Tribune-Review is reporting.MedCity News reported back in December that the medical device company had already raised $6.6 million and filed for the CE Mark.The Hemolung Respiratory Assist [...]

Neurodegenerative disorders drug developer Cognition Therapeutics has raised $1.8 million in equity, according to a regulatory filing.The Pittsburgh-based company is developing multiple drug candidates to treat Alzheimer’s disease and similar central nervous system disorders.The latest fundraise is the first close of what’s hoped to be a $3 million series A2 round, CEO Hank Safferstein said. [...]