MedTrace Pharma announced today that it has raised €18.2 million (roughly $19 million) to fund the completion of its Phase 3 trial of its tech to make PET with oxygen-15 labeled water widely available. 15 O-water has a reputation as a gold-standard radioactive tracer for PET imaging, but supply chain problems around the substance have hindered […]
Funding Roundup
ProSomnus raises $10M for CPAP alternative
ProSomnus (Nasdaq:OSA) announced today that it completed a $10 million convertible preferred equity offering. The company earmarked the new capital to optimize its core business operations and support its strategic growth initiatives. It aims to achieve cash flow breakeven with these efforts. Spring Mountain Capital and Cetus Capital led the financing. The company’s Executive Chair, […]
CMR Surgical brings in $165M to support surgical robot
CMR Surgical announced today that it raised a funding round worth $165 million (£133 million) and hit a milestone with its surgical robot. The Cambridge, U.K.–based company develops the Versius surgical robotic system. Versius is a small-scale system with collaborative arms and bedside units for direct patient access. It also features freedom of port placement to […]
Elutia raises $26M for drug-eluting biomatrix tech
Elutia (Nasdaq:ELUT) announced today that it entered into a securities purchase agreement worth total proceeds of $26.2 million. The drug-eluting biomatrix company expects the private placement financing to result in initial gross proceeds of approximately $10.5 million. The full exercise of warrants would add $15.8 million to reach a total of $26.2 million. Silver Spring, […]
Virtual Incision adds $30M in funding for miniaturized surgical robot
Virtual Incision announced today that it added a $30 million extension to its previous $46 million Series C financing round. The Lincoln, Nebraska-based surgical robot maker announced the initial $46 million raise in November 2021. Current investors Bluestem Capital, Endeavour Vision, Baird Capital, cultivate(MD) Capital Funds and PrairieGold Venture Partners led the round. New health-tech […]
Gates Foundation backs GE HealthCare AI-based ultrasound
GE HealthCare today announced that it received a $44 million grant from the Bill & Melinda Gates Foundation. The foundation issued the grant for GE HealthCare to create user-friendly, AI-assisted ultrasound imaging auto-assessment tools. These tools could aid healthcare professionals with clinical decision information to support more effective ultrasound scans. Such scans include obstetric and […]
Farapulse founder’s Field Medical raises $14M for next-gen cardiac ablation tech
Field Medical announced today that it closed an oversubscribed seed round with investments reaching $14 million. Private investors led the funding for the Cardiff-by-the-Sea, California-based cardiac ablation technology developer. Multiple strategic investors also joined the round. The company earmarked the funds to support preclinical-to-clinical development activities. That includes first-in-human studies slated to begin in early […]
Navigation Sciences raises $3M for surgical system that treats lung cancer
Navigation Sciences announced today that it closed the initial $3 million tranche of a $5 million Series B financing round. Brookline, Massachusetts-based Navigation Sciences develops the NaviSci system for use in precision surgery for early-stage lung cancer. The company designed the system to provide surgeons with real-time “GPS” guidance during minimally invasive surgery. It enables […]
Awak raises $20M Series B for wearable dialysis device
Awak Technologies announced today that it raised $20 million in Series B funding to support its dialysis technology. The Singapore-based company designed Awak PD as a wearable and ultraportable peritoneal dialysis (PD) system. It offers patients the freedom to undergo dialysis at home and anywhere on the go. It helps to overcome the challenge of […]
Vaxess raises $9M to support shelf-stable vaccine patch
Vaxess Technologies announced today that it raised an additional $9 million in venture capital funding to support its vaccine delivery technology. Cambridge, Massachusetts-based Vaxess develops a shelf-stable vaccine patch with the potential for self-application. The company’s MiMix system features sustained-release technology for administering vaccines and therapeutics. For vaccines, its controlled release simulates the pace of […]
Bausch+Lomb launches $1.4B offering to finance XIIDRA eye drop buy
Bausch + Lomb (NYSE:BLCO) announced today that it launched an offering worth $1.4 billion in new senior secured notes. The company intends to offer the notes, due 2028, and to enter into an incremental term loan facility. Both moves aim to support the financing of the company’s pending acquisition of XIIDRA. Bausch + Lomb expects […]
