Category: Funding Roundup
Smartphone diabetes management devices maker iHealth Labs raises $25 million, saying it plans to split into 3 regional divisions as it forms into a new entity.
California mobile devices maker iHealth is undergoing a major shift, fueled by a $25 million investment from Xiaomi Ventures, the company's 1st institutional round of funding.
Here's a look at some of the top legal news stories for medical device companies this week: Medigus raises $5.6M, touts clinical results for acid reflux device; Funding: InSightec raises $12.5M from Chinese backers; Corindus raises $26.6M for vascular robot; Intrinsic Therapeutics raises $17.2M for spinal surgery devices
Intrinsic Therapeutics needs about $3.6 million to close a $20.9 million funding round in supports of its spinal devices.
Massachusetts-based Intrinsic Therapeutics is nearing the close of a $20.9 million equity round, with about $17.3 million raised so far.
A group of Chinese investors pays $12.5 million to acquire about 5% of Israeli ultrasound therapy devices maker InSightec.
Israeli device maker InSightec added $12.5 million to its coffers thanks to the support of Chinese backers, the firm's parent company announced.
Corindus Vascular Robotics plans to boost its commercial efforts with the $26.6 million it closed in a private placement round.
Massachusetts-based Corindus Vascular Robotics has big plans for its newly secured $26.6 million, raised in a private placement funding round.
Corindus sold nearly 10.7 million shares at $2.50 apiece through a Securities Purchase Agreement, with Cowen & Co. and Stifel, Nicolaus & Co. acting as placement agents.
Israel-based Medigus secures $5.6 million in funding and reveals positive clinical outcomes from a multi-center study of its MUSE surgical endostapling device.
Medical device maker Medigus (TLV:MDGS) has some new cash and the backing of a major medical journal in hand.
Here's a look at some of the top legal news stories for medical device companies this week: Fractyl raises $40M, touts positive early results for ablation-based diabetes therapy; eNeura raises $5.8M for home migraine device; Integrity Applications lands $3M for non-invasive glucose sensor; Tryton Medical raises $20M for side-branch stent trial; Smart inhaler maker raises $14.5M