New Minnesota med device group seeks to save 510(k) program

The Minnesota Medical Device Alliance Steering Committee, made up of some of the state’s most prominent investors, attorneys and executives, is hosting a meeting in February to discuss ways to push back against critics of the 510(k) program.

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Amcom Software sold to Norwest Equity Partners, Split Rock Partners

The deal marks the first investment out of NEP’s $1.2 billion Fund IX, which closed September 2008. What makes the deal even more interesting is NEP’s partnership with Split Rock, a prominent venture capital firm based in Eden Prairie.

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Anulex Technologies raises $10.2 million in fourth funding round

The company is focused on selling the Xclose, a device that uses small braided polyester bands to make an X-shaped stitch over openings in the soft tissue around the spine.

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Minnesota atrial fibrillation company Atritech raises $30 million

The new $30 million investment will help the atrial fibrillation device maker Atritech complete a U.S. Food and Drug Administration review and launch its product in Europe.

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Medtronic leads $47 million investment in hypertension company Ardian

Ardian is developing a catheter system that disrupts the sympathetic nerves in the kidneys, which will in turn reduce blood pressure. Clinical trials are expected next week.

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