InVivo Therapeutics

Devices & Diagnostics

InVivo Therapeutics CEO gets 27 percent raise

InVivo Therapeutics Holdings Corp. (OTC:NVIV), a pre-revenue medical technology start-up, could end up paying its CEO Frank Reynolds more than $775,000 in salary, benefits and bonuses during 2011. Reynolds, who founded the company in 2005 in Cambridge, Mass., using technology acquired from Mass. Institute of Technology scientist Robert Langer, will get a 27 percent raise added to his base salary, going from $375,000 to $477,000 per year.