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Devices & Diagnostics

California startup to streamline mom-and-pop prosthetic sockets with new medical device technology

LIM Innovations, a California-based healthcare startup that has created an innovative prosthetics socket, aims to close out its first round of funding–$1.5 million–by the end of October. So far the company has raised $450,000 in convertible notes, with more pledged from strategics and undisclosed investors. The company also recently won MedTech Idol, a competition sponsored […]

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A Deep-dive Into Specialty Pharma

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.

Devices & Diagnostics

Will this 2013 Innovation of the Year device change the standard of care for port site closures?

The standard of care for port site closures in laparoscopic surgery may be changing. Irish medical device startup neoSurgical‘s first commercialized product, neoClose, officially launched this week in the U.S. Today, the Society of Laparoendoscopic Surgeons named the device one of the 2013 Innovations of the Year at the SLS Minimally Invasive Surgery Week Annual Meeting. […]

Devices & Diagnostics

Shock absorbers for the human body? Implant could help active patients avoid total knee replacements longer

Think shock absorbers for the human body. Moximed could help active and young patients who have osteoarthritis prolong the amount of time before total knee replacement. The Heyward, Calif.-based company’s Kinespring Knee Implant System is a medical device that absorbs part of the load put on the knee, without changing anatomy. The device is positioned […]

Devices & Diagnostics

California startup creates less invasive device that aims to answer advanced fetal monitoring questions

A California-based startup may finally help physicians monitor vital signs for fetuses of obese mothers, starting with heartrate. First Pulse Medical hopes to have the intrauterine device, which is noninvasive to the fetus, cleared with the FDA by the summer of 2014. Right now, physicians use an ultrasound stomach belt to monitor fetal heartrate, which […]

Devices & Diagnostics

New product scores funds to connect hospitals and med device companies via big data

  Elevate Ventures’ IEDC awarded Curvo Labs, a startup based in Evansville, Indiana, and San Diego, California, $50,000. The idea? Use regularly refreshed hospital purchasing data to provide an “on-ramp” for medical device companies, then use the offers those companies make to drive down costs for hospitals. In theory, this would create sales efficiency for […]

MedCity Influencers

Smart startups succeed by focusing on internal and external collaboration

At the Kauffman Foundation, we track multiple factors that impact new firm success rates. From this, we know that access to experienced mentors, capital, customers and collaborators separate successful startups from those that fail. For startups, collaboration often takes shape in two ways: internal-facing activities and external-facing activities. The most obvious internal-facing forms of collaboration […]