Valfix Medical this week filed an SEC Form D reporting that it sold more than $1 million in an equity offering. The Tel Aviv, Israel-based biotech company’s new notice completed its first sale on August 22 and does not intend for the equity offering to extend beyond one year, according to the filing. The total […]
Xoran raises $8m for portable CT scanner
Xoran Technologies said yesterday that it landed a total of $8 million from a matching grant program with the National Institutes of Health for its xCAT IQ mobile CT imaging system. Ann Arbor, Mich.-based Xoran’s xCAT IQ is a compact, mobile CT scanner designed for high-resolution cranial imaging in the operating room and intensive care […]
Myra Medical raises $3m seed round, lures ex-MVRx chief Chang as new CEO
Newly formed Shifamed spinout Myra Medical said today that it closed a seed financing round worth $3.2 million and announced the appointment of Robert Chang as CEO. Campbell, Calif.-based Myra Medical was founded to produce surgical devices designed to enable maximum intraocular pressure reduction while reducing the risk of hypotony in patients with glaucoma. Proceeds […]
OcuMedic, Gelest ink drug-delivering contact lens deal
OcuMedic said today that it entered into an exclusive supply agreement and picked up a strategic investment from Gelest for its proprietary drug-eluting soft contact lens of an undisclosed amount. Under the terms of the agreement, Morrisville, Pa.-based Gelest is set to manufacture and supply OcuMedic’s key chemistry components used in the controlled release of […]
Mynosys Cellular Devices raises $25m for Zepto cataract device, names new CEO
Mynosys Cellular Devices said today that it raised $25 million for its Zepto cataract device and named ex-Tear Film Innovations chief Rob Thornhill to be its new CEO. Fremont, Calif.-based Mynosys said the new funding round, led by Decheng Capital, is earmarked for growing its U.S. commercial footprint, R&D, manufacturing and commercial organization. Decheng’s Dr. […]
Swift Health raises $45m Series C for Inbrace orthodontics
Swift Health Systems said yesterday that it raised $45 million in Series C funding for the commercialization of its Inbrace orthodontics. The Inbrace aligner is designed to use an all-digital platform with wire and bracket designs to dictate a path for tooth movements, resulting in efficiency and reduced treatment time. Inbrace Smartwires are programmed with […]
Isotope maker Shine Medical raises $50m from Oaktree Capital
Shine Medical Technologies said this week that it closed a $50 million financing round from Oaktree Capital Management for the construction of a medical isotope production facility and commercialization of its products. The Janesville, Wis.-based company expects construction on the plant to be completed in 2021, with commercial-scale isotope production slated to begin the following […]
Accelmed launches $100m second fund
Accelmed said today that it raised $100 million for its second healthcare-focused venture capital fund, Accelmed Ventures II. The Israeli VC shop said it plans to use its latest fund to back Israeli and global pre-revenue medical device and digital health startups, managed by Accelmed partners Dr. Irit Yaniv and Amir Blat. Accelmed founder & managing […]
EPMap closes $25m Series A round
Ajax Health announced today that EP Map System GmbH closed a Series A financing round worth $25 million that it plans to use for commercialization of its product line in the U.S. The Herdecke, Germany-based company’s products include a 3D mapping and navigation system with an integrated signal recording and pacing system, a radiofrequency ablation […]
SiO2 brings in $48m in debt offering
SiO2 Medical Products filed an SEC Form D this week revealing that the company pulled in nearly $50 million in a debt offering. The Auburn, Ala.-based company reeled in a total of $48 million, according to the filing. SiO2 is seeking $60 million in the debt offering, with $12 million of the offering remaining to […]
Surgical Innovation Associates adds $4m
Surgical Innovation Associates said yesterday that it raised $4 million in an oversubscribed Series A round for the development and commercialization of its reconstructive and aesthetic surgery devices. Chicago-based Surgical Innovation, a medical device spinout from Northwestern University, said it has raised $6.5 million since its 2016 inception. The investor base for the recent $4 […]
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