Norwich Ventures

Devices & Diagnostics

Cleveland Clinic brain, stroke spinoff CSF Therapeutics shuts down

A promising traumatic brain injury and stroke treatment company that spun out from Cleveland Clinic has shut down, with backers of the startup hoping the technology behind the business can be revived sometime later. CSF Therapeutics was launched with lots of optimism and a $4 million venture capital investment four years ago. But the Clinic and others associated with the company now refer to the business as "on hiatus," "hibernating" or "dormant."