OtoSonics

Device maker ElectroSonics Medical looking to raise $2M

ElectroSonics Medical, which is developing ear and lung medical devices, is hoping to raise $2 million in equity, according to a regulatory filing. Cleveland-based ElectroSonics formed in 2007, after Greatbatch (NYSE: GB) acquired its predecessor, device maker Biomec, for $11.4 million. ElectroSonics was founded to commercialize two technologies that weren’t included in the acquisition. The first […]

By Brandon Glenn

News

OtoSonics Inc. trying to raise $2 million for device that diagnoses ear infections

OtoSonics Inc. is looking for $2 million to refine and test its device that uses ultrasonic waves to tell whether the fluid behind children's eardrums is infected. The device, called ConfirMEE, not only could help doctors make a difficult diagnosis, but it could cut down on the overuse of antibiotics to treat earaches that would resolve on their own.

By Mary Vanac