Medversant Technologies, a Los Angeles-based health IT company focused on streamlining administrative processes, is raising $10 million, according to a filing with the SEC. The company, which was founded in 1999 by attorney and healthcare entrepreneur Matthew Haddad, focuses on decreasing administrative waste for hospitals, managed care organizations, outpatient facilities, long-term care, home care and […]
Minnesota medical device company MetaModix has raised $150,000 in equity between three undisclosed investors, according to a regulatory filing made with the SEC. The startup, which is working to develop an intestinal liner implant as a Type 2 diabetes treatment, still seeks $350,000. The device would be placed while the patient is consciously sedated during […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Chicago medical device startup Miret Surgical has raised a Series A round of $644,750 in equity for further product development, CEO John Avi Roop said. The 4-year-old Stanford BioDesign spinout is at work on laparoscopic tools that connect standard-sized surgical tool heads to pediatric-sized shafts. Like many startups in this space, the ultimate goal is to make […]
EmboMedics, a Maple Grove, Minn.-based medical device company, has raised $860,000 in equity, according to a regulatory filing made with the SEC. The Series A funding will go mainly toward research and development of its resorbable embolization material, Omid Souresrafil, EmboMedics CEO and co-founder, said. He said the money should take the company through the […]
Stamford, Conn.-based AmbioHealth raised $525,000 in equity to close out its third angel round. The company will use the money to continue developing its remote health monitoring system and its compatible activity monitoring system, CEO and Co-Founder Kevin Jones said. The money will also go toward marketing and operational costs. Jones said the company aimed to […]
When two students working at Purdue University’s Center for Paralysis Research were making small talk around the company water cooler–strike that, cotton candy machine, they didn’t have an inkling that it might lead to business competitions, grants, NSF Small Business Innovation Research funding, a patent and a startup. But that’s exactly how Medtric Biotech began […]
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
Cardiva Medical, the Sunnyvale, Calif.-based company known for its vascular closure system, which received FDA approval in February, has raised nearly all of the $3.5 million it seeks, waiting on only $2,367 to close out the deal, according to the regulatory filing it made with the SEC July 29. The company could not be reached for […]
Avantis Medical Systems, Inc., the Sunnyvale, Calif. based creator of the Third Eye Retroscope–a device that adds an extra view to a colonoscope, has raised $3,048,468 of venture capital to further commercialize its flagship product in the U.S., make small improvements to the product, as well as using a “little bit” work toward earning […]
GI Dynamics, Inc., a Lexington, Mass.-based company known for its EndoBarrier Therapy, which it claims can reduce blood-sugar levels and offer weight-loss results in Type 2 Diabetes patients, has raised $34,755,000 in equity and CDIs, according to a regulatory filing it made with the SEC on July 22. The company still seeks $17,745,000, which […]
StemBioSys, a San Antonio company that manufactures and develops stem cell technologies in the regenerative medicine field, has landed $2,377,802. It still seeks $5,622,198, according to the regulatory filing. The company is in a quiet period of funding right now, Chairman of the Board Dr. Steve Davis said. That period should end Aug. 5, so be […]
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
Dermelle, LLC (aka EternoGen, LLC), a Columbia, Missouri-based startup that works with collagen scaffolds for soft tissue therapeutic applications, has raised $920,427 to close its series A funding. This money will pay for the “full spectrum of safety tests” and pilot human studies to position the company for a regulatory clinical study in Europe and […]
Beacon Endoscopic Corp. has raised $1.2 million in debt financing from existing investors to fund commercial growth for its bnx™ fine needle aspiration for EUS in the US and abroad, company CEO and President Bill Densel said. Beacon made its regulatory filing to the SEC on July 22. The bnx™ system is “designed to reduce […]
CVRx, a Minneapolis-based firm that has developed proprietary implantable technology for the treatment of high blood pressure and heart failure, has raised $29.6 million for advancing clinical trials of its Barostim Neo, as well as expanding commercial activities abroad. Johnson & Johnson Development Corp. and New Enterprise Associates, Inc. were the co-lead investors. According to […]
Med Dev Corp., a Delaware-based startup, has raised $775,000 from private investors to reduce hospital-acquired infections or surgical-site infections. Med Dev’s devices all attempt a non-antibiotic approach to eradicating nasal MRSA colonization, which is “the No. 1 predictor” for SSIs in orthopedic, cardiac and GI surgeries, according to Chairman Mike Martin. The company still seeks […]