Rhode Island

Health IT

Mobile blood labs help meet goals while securing community data

The Rhode Island Blood Center must collect 250 pints of volunteer blood every day in order to meet the needs of its community. Although community members are consistently generous, the Center had to find an efficient way for these people to support the cause. The result: More than 3,000 mobile blood drives annually, scattered throughout […]

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Devices & Diagnostics

Cardiac device maker Neograft raises $3 million

Cardiac device maker Neograft Technologies is developing new innovative medical devices focused on coronary artery bypass graft surgery, a procedure in which a blood vessel is typically removed from a patient's arm or leg and placed around a blockage in the heart to "bypass" the blockage and restore blood flow. The implanted blood vessel is called a graft. If the Angioshield is proven to be effective, its potential market is very large. About half-a-million coronary artery bypass surgeries are performed annually in the U.S. In addition, there are approximately 80,000 lower extremity bypass graft surgeries performed each year in the country. Revenue generated by products in the procedures totals about $1.6 billion annually, according to the company.