Spectral Medical said today it closed an over-allotment on its most recent round of financing, selling an additional 806,804 shares at 70¢ per share to lift the round to $10.5 million Toronto-based Spectral makes a system designed to diagnose and remove endotoxin from the bloodstream. The offering was underwritten by a syndicate led by Cormark […]
Blood Management
NxStage touts home hemodialysis studies
NxStage Medical (NSDQ:NXTM) today touted data from studies of its Nx2me connected health technology and home hemodialysis systems, which the company plans to present at the 2016 Annual Dialysis Conference in Seattle later this month. In a study of 328 patients treated with the company’s HHD using its Nx2me platform, NxStage reported a 44% reduction […]
Fresenius acquires Japan’s largest dialysis group
(Reuters) – German kidney dialysis provider Fresenius (NYSE:FMS) has acquired Japan’s largest dialysis group with about 6,000 patients, newspaper Frankfurter Allgemeine Zeitung reported on Monday, citing a presentation made by the company in January. The paper, which cited minutes taken by analysts of remarks by FMC Chief Executive Rice Powell at the JPMorgan Healthcare Conference in […]
Cerus inks supply deal with Red Cross
Cerus Corp. (NSDQ: CERS) said this week that the American Red Cross inked a multi-year purchase agreement for its Intercept blood system designed to reduce the risk of transfusion-transmitted infections in blood plasma and platelets. The American Red Cross is the largest supplier of blood products in the U.S., collecting and processing approximately 40% of the blood […]
BiO2 Medical drums up $8m from Oxford Finance
Oxford Finance said yesterday it closed an $8 million secured term loan with Angel catheter maker BiO2 Medical, with funds slated to support FDA clearance and an anticipated commercial launch of the catheter in mid-2016. If you need personal loans for people with bad credit online services, visit www.unsecuredloans4u.co.uk for more information. The Angel catheter […]
Vascular Flow Technologies raises $14.3m
Vascular Flow Technologies said today it raised $14.3 million (£10 million) through multiple rounds of financing to support research & development, strategic joint development and out-licensing agreements with industry partners. The funding round consisted of 2 tranches; a $10 million (£7 million) loan note restructuring into Series A ordinary preference shares and a $4.3 million (£3 […]
VasSol touts data on MRI-based blood flow measurement
VasSol said last week that results from a trial of its Nova non-invasive optimal vessel analysis showed that the device was able to identify critical trial patients at higher risk of recurrent stroke. The results from the study were published in the JAMA Neurology journal. Results from the 6-year, multi-center Veritas trial indicated that patients who experience a […]
J&J joins Edwards in $28m Series B for arterial shunt dev V-Wave
Johnson & Johnson (NYSE:JNJ) joined previous investor Edwards Lifesciences (NYSE:EW) in a $28 million Series B round to support heart failure treating interarterial shunt maker V-Wave, according to a press release posted yesterday. Other groups joining the round included newly-invested TriVentures, Pura Vida Investments and BioStar Ventures, with returning investors Pontifax and the BRM group. “With the […]
Update: Penumbra launches POD packing coil
Update: Added comments from Penumbra CEO Adam Elsesser Penumbra (NYSE:PEN) yesterday launched its POD packing coil in the U.S., designed as a complimentary addition to the company’s Ruby and POD embolization devices. The focus on peripheral vascular products has been significant for the Alameda, Calif.-based company, despite only entering the field a little over a year […]
Vascular Dynamics wins CE Mark for MobiusHD hypertension device
Vascular Dynamics said today it won CE Mark approval for its MobiusHD minimally invasive hypertension treatment device. The MobiusHD is a passive implant delivered percutaneously designed to amplify signaling measured by the baroreceptors in the wall of the carotid sinus. The device reduces blood pressure due to the increase in baroreceptor signaling. “Receiving CE Mark approval for […]
Argon picks up trio of vascular devices from Rex Medical
Argon Medical Devices said today it completed its buy of 3 vascular products from Rex Medical. Included in the buy were Rex’s OptionElite retrievable vena cava filter, Cleaner rotational thrombectomy system and UltraStream chronic hemodialysis catheter, the company said. “We are pleased that Argon Medical will continue in their leadership position delivering these established and tested […]