CB Insights reported record funding for global healthcare and digital health, among other milestones during the third quarter. Global healthcare investments to private companies hit a new quarterly record of $21.8 billion in the third quarter of this year, with a total of 1,539 equity investments in the three-month period growing 18% from the previous […]
Funding Roundup
Minnetronix lands NIH grant to study spinal fluid treatment tech
Minnetronix Medical today announced that it has been awarded a National Institutes of Health (NIH) grant for continued study of its proprietary Neurapheresis cerebrospinal fluid treatment platform. Akin to hemodialysis, the Neurapheresis platform is designed to rapidly remove blood cells and their cytotoxic byproducts that are released into cerebrospinal fluid following an aneurysmal subarachnoid hemorrhage. Get […]
MedTech 100 roundup: Industry continues its ascent
Stocks in the medtech industry maintained their upward trajectory, topping last week’s peak with yet another rise to new heights. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 95.66 (Oct. 16), marking a 0.6% gain from the 95.05 points registered at the end of […]
Eargo soars after announcing $141.3M IPO
Hearing device developer Eargo announced today that it priced its initial public offering of common stock at approximately $141.3 million. Beginning trading on the Nasdaq market today under the EAR ticker, shares were trading up 102.22% at $36.40 per share in late-afternoon trading. San Jose, Calif.-based Eargo is offering more than 7.85 million shares of its […]
Cue Health lands $481M from HHS for COVID-19 test
The federal government has awarded startup Cue Health $481 million to increase domestic production capacity of point-of-care testing for COVID-19. The money from the Department of Health and Human Services and the Department of Defense will enable San Diego, Calif.-based Cue to manufacture 100,000 COVID-19 test kits per day by March 2021, including 6 million […]
Alphatec prices $100M public offering
Alphatec (NSDQ:ATEC) announced that it priced an underwritten public offering worth approximately $100 million. Carlsbad, Calif.-based Alphatec is offering more than 11.4 million shares of its common stock at a public offering price of $8.75 per share to total about $100 million, according to a news release. The spine surgery solution developer also granted underwriters a […]
Medical Alley companies raise $1B in Q3
The Medical Alley Association announced today that, through three quarters, its member companies raised more than a record-breaking $1 billion in capital for the first time. Last year, the association’s members raised more than $1 billion over the course of a full year, but this year, the 58 member companies took just three quarters to […]
CytoSorbents wins $1.1M DoD contract for universal plasma
CytoSorbents (OTC:CTSO) announced today that the U.S. Army has awarded it a $1.1 million contract to develop its HemoDefend-BGA adsorber. HemoDefend-BGA can rapidly remove more than 99% of anti-A and anti-B antibodies from plasma to create a “universal plasma” that could be administered to anyone, irrespective of blood type, while maintaining critical coagulation activity, according to […]
Neocis sells $71.8M in equity
Dental robotic surgical system developer Neocis filed an SEC Form D to confirm the sale of more than $71.8 million in equity. Miami-based Neocis made the first sale in the new notice offering on Sept. 25 and completed it yesterday, just 12 days later, according to the filing. The company received participation from 11 investors […]
NIH announces more than $98M in contracts for new COVID-19 testing tech
The National Institutes of Health today announced six new contracts worth $98.35 million for COVID-19 testing approaches to improve sample collection, processing and results. NIH awarded the contracts in collaboration with the Biomedical Advanced Research and Development Authority (BARDA) as part of the Rapid Acceleration of Diagnostics (RADx) initiative. They cover innovations including integration with […]
Rhaeos and its shunt monitor win MedTech Innovator’s 2020 global competition
MedTech Innovator announced today that wearable head shunt monitor startup Rhaeos has won its 2020 Global Competition. Rhaeos (Evanston, Ill.) won the competition and $350,000 grand prize in a virtual live audience vote at The Virtual MedTech Conference, powered by AdvaMed. The 2-year-old company’s wearable, noninvasive Flowsense device monitors ventricular shunt function for hydrocephalus patients […]
