C.R. Bard (NYSE:BCR) tied a bow on its previously announced acquisition of Minnesota-based Medafor in a deal worth up to $280 million.
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Intuitive Surgical: What’s with all the adverse event reports?
Synergetics closes Penn. facility, announces layoffs amid narrowed profits
Synergetics (NSDQ:SURG) is closing a King of Prussia, Penn., manufacturing facility that employs 24 workers, transferring production to an office in O’Fallon, Miss.
SpinalMotion raises another $11M, taking total to nearly $26M
SpinalMotion said it’s raised another $10.5 million, taking the total raised in the funding round to $25.5 million, according to a regulatory filing.
The Mountain View, Calif.-based medical device company raised the cash in an offering of equity, debt, options and warrants to 15 unnamed investors, according to the filing.
IPO hot-streak may be wiped out by fed shutdown | MassDevice.com On Call
MASSDEVICE ON CALL — The government shutdown threatens to crash what has been one of the hottest IPO markets in years should the lull last long enough to claim the Securities & Exchange Commission.
There were 26 venture-capital-backed IPOs in Q3 this year, the 1st time since 2004 that the number has been above 20 for 3 consecutive quarters. Some firms are planning stealthy offerings, but others have announced plans to launch IPOs in the next couple quarters.
Canadian medtech startup raises $3.3M for ‘intelligent’ orthopedic instruments
Ontario medical device startup Avenir Medical raised $3.3 million, successfully closing a Series A financing round in support of its orthopedic surgical instruments.
Funding was led by MaRS Investment Accelerator Fund of Toronto, and was joined by angel groups in Waterloo, Toronto and Boston, according to a company statement.
Lombard jumps on news of U.K. expansion, focus on Aorfix
LensAR raises $87M for laser cataract surgery system
Orlando, Fla.-based medical device company LensAR Inc. touted $87 million in fundraising, mostly through a debt financing agreement, in support of its laser cataract surgery systems.
LensAR raised $27 million in private equity financing and secured up to $60 million in debt financing. The company plans to use the funds to advance commercialization worldwide and to advance development of its cataract surgery platform.
Mako Surgical acquires implant maker Pipeline Biomedical
Abiomed donates $375K to Boston Children’s Heart Center | MassDevice.com On Call
MASSDEVICE ON CALL — Massachusetts-based medical device maker Abiomed (NSDQ:ABMD) announced a multi-year $375,000 grant donated to Boston Children’s Hospital Heart Center, the newly minted cardiovascular care department of Boston Children’s Hospital.
The funding will help support the Heart Center’s efforts advance research and education initiatives in 3 main areas, Abiomed said:
Study: Ocular Therapeutix touts Phase II results for sustained-release eye therapy implant
Ocular Therapeutix, the latest endeavor of serial entrepreneur Amar Sawhney, released positive findings from a Phase II study of its absorbable intracanalicular plug, designed to provide long-term drug therapy following eye surgery.