ALung Technologies is targeting a $10 million series B round of investment for the European launch of its respiratory assistance system that removes carbon dioxide from a patient’s blood while directly infusing the blood with oxygen.The company is already most of the way there, having just closed on $6.6 million and having received commitments for [...]

Thar Pharmaceuticals has added a $250,000 investment to its series A round as the cancer drug developer looks to continue clinical trials, according to a regulatory document.Pittsburgh, Pennsylvania-based Thar is aiming for a series A round of up to $9.6 million, CEO Ray Houck said in January. Houck didn’t respond to an inquiry last week, [...]

Flexuspine, which is developing a total spine disc replacement system, has added $2.1 million to a larger series B round of investment funding.CEO Vin Jannetty declined to reveal any more information about the Pittsburgh-based company’s past, present or future fundraising, but said Flexuspine would be making a public announcement about the B round soon. The [...]

Compression device maker Wright Therapy Products has raised about $1.1 million of what the company hopes is a $2 million fundraise, according to a regulatory document.The Pittsburgh-area company develops compression pumps and other accessories for patients suffering from poor circulation or swelling in their limbs. Wright Therapy also markets its pumps for the treatment of [...]

Imaging outsourcing company Foundation Radiology Group has raised $1 million as it looks to expand its network of community hospitals.The Pittsburgh-based company isn’t following the traditional fundraising route of discrete A, B and C rounds. Rather, the company simply raises cash as needed to fuel its growth, CFO Barbara Beaudin said.Foundation was incorporated in 2006 [...]

Fresh off receiving European regulatory approval for its tissue glue for tummy-tuck surgeries, Cohera Medical has raised more equity toward a series C round that could reach as high as $28 million.The company had been planning for $25 million for the round, but substantial investor interest may push the number higher, CEO Patrick Daly said. [...]

ThermalTherapeutic Systems has raised $800,000 toward a round of investment that will fund the commercial launch of its hyperthermic perfusion device.The portable device, called the VeraTherm, received U.S. Food and Drug Administration clearance in March 2010. The 26-pound device is used to pump heated or unheated fluid into patients’ abdomens or chest cavities.Hyperthermic perfusion is [...]

Pain management medical device company ReGear Life Sciences has raised $500,000 to boost its sales and marketing efforts.The Pittsburgh-based company’s portable, 4-pound, pain management device, called the ReBound, works by generating heat deep within a patient’s body tissue. It’s targeted at the sports and long-term care industries.The fundraise comes from the company’s lead [...]

Biotechnology commercialization company LaunchCyte has raised nearly $1.1 million in equity, according to a regulatory filing.The Pittsburgh-based company’s business model is similar to that of an incubator in that it helps start and grow life science companies with the goal of commercializing new technologies. LaunchCyte has six portfolio companies, all of which are based in [...]

Carmell Therapeutics, which is developing medical devices made of plastics created from blood plasma, has raised $3 million in investment funding for a series A round.The Pittsburgh-based early stage company plans to use the funding to set up a manufacturing facility and collect data for a pilot study, CEO Alan West said.“This was the first [...]