OnTarget Laboratories said it landed a $15 million investment from a pair of backers for its tumor-lighting technology developed at Purdue University by the founder of Endocyte (NSDQ:ECYT).
Funding Roundup
Catheter maker Bi02 Medical raises $6M
Bi02 Medical, maker of the Angel vena cava filter catheter, said it raised nearly $5.9 million in a hoped-for $7.5 million equity offering.
The funding round for the San Antonio, Texas-based medical device company involved 10 unnamed investors, according to a regulatory filing.
Spinal firm K2M aims for $100M IPO
Spinal surgery devices maker K2M Group Holdings hopes to raise as much as $100 million through its impending initial public offering, according to registration documents filed with the SEC.
Medtech funding for the week of Mar. 10, 2014
Unilife raises $60M through debt financing, shares soar
Vital Therapies revives delayed IPO, tallies $14M funding round
Bio-artificial liver maker Vital Therapies is prepared to take another run at its initial public offering, months after deciding to put off the IPO to await more favorable market conditions.
The California biotech company filed updated registration statements signaling its intent to launch the IPO, wiping clean the pricing set in November 2013. The new offering cap and per-share pricing have yet to be announced.
Svelte Medical raises another $5M
New Jersey-based Svelte Medical plans to accelerate regulatory efforts for its interventional cardiology products thanks to a new $5 million investment from West Health Investment Fund.
Brainsway raises $11.8M for neurological stimulation
Israeli stimulation devices maker Brainsway (PINK:BRSYF) raised about $11.8 million (NIS 41 million) thanks to a private placement investment from Yelin Lapidot Investment House.
TriVascular Tech aims for $100M IPO
California medical device maker TriVascular Technologies is looking to raise as much as $100 million through its initial public offering, the details of which have yet to be finalized.
Lombard Medical seeks up to $80M in U.S. IPO
Lombard Medical Technologies (LON:LMT) said yesterday that it could raise up to $80 million in its debut on the U.S. stock market.
Funding: Domain Surgical raises $11.6M for cutting tool
Medtech maker Domain Surgical closed an equity funding round with $11.6 million raised from 10 investors, SEC filings show.