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 […]
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Obalon pays off its long-term debt
Obalon Therapeutics (NSDQ:OBLN) said yesterady that it retired the remaining $5 million of its long-term debt facility with Pacific Western Bank. The San Diego-based company, which produces an FDA-approved swallowable, gas-filled intra-gastric balloon for weight loss, had previously cut its debt to Pacific Western Bank from $20 milllion to the remaining $5 million in July, while […]
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 […]
BD Georgia sterilization plant leaked 54 lbs. of ethylene oxide in September
A weeklong valve leak at a Becton Dickinson (NYSE:BDX) medtech sterilization plant in Covington, Ga., released 54 lbs. of ethylene oxide into the air, according to a City of Covington incident report obtained by a local TV station. The plant began experiencing intermittent elevated levels of EO indoors Sept. 15, but inspections and systems checks failed to locate the […]
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 […]
Sleep Data, BetterNight raise $6m
Sleep Data said it raised $6 million to back the market expansion of its BetterNight virtual care platform. BetterNight, which launched in 2018, is designed to access care through telemedicine and remote patient monitoring to deliver lower cost of care and improved outcomes. San Diego-based BetterNight will put the funding toward market expansion of the […]
6 medtech innovations out of Mayo Clinic you need to know
The Mayo Clinic over the past century has pioneered everything from heart-lung machines to patient monitoring to high-speed CT scanning. As one of the most respected nonprofit academic medical centers in the world, the Mayo Clinic continues to innovate. A major center of innovation at the Rochester, Minn.–based practice is its Division of Engineering, where […]
Axonics touts one-year data for r-SNM device, inks supply deal with Nebraska urology group
Axonics Modulation Technologies (NSDQ:AXNX) said today that results from its Artisan-SNM pivotal study highlighted durable outcomes and significant improvements in patients implanted with the Axonics r-SNM system for patients with urinary and bowel dysfunction. The announcement came one day after the company said it entered into an exclusive agreement to supply the Axonics r-SNM System to […]
A ‘rolling effect’ on medtech sterilization plants?
The types of regulatory hurdles that contributed to the permanent closure this week of the Sterigenics medtech sterilization plant in Willowbrook, Ill., have created a “rolling effect” on ethylene oxide (EO) plants around the country, according to an industry official. The state of Illinois temporarily shut down the Willowbrook plant in February over emissions of EO, a […]
TPC Wire & Cable acquires Cicoil, Pittsburgh Wire & Cable
TPC Wire & Cable Corp. last week announced the acquisition of Cicoil and Pittsburgh Wire & Cable to bolster its portfolio of specialized wire and cable solutions. Both acquisitions were announced by Macedonia, Ohio-based TPC in news releases Sept. 30. TPC did not disclose the financial details of either acquisition. Get the full story at […]
Frequency Therapeutics prices $84m IPO
Frequency Therapeutics said yesterday that it priced its initial public offering at roughly $84 million. The 6-million-share offering priced at $14 per share and includes a 30-day underwriters option on another 900,000 shares that’s worth $12.6 million, the Woburn, Mass.-based company said. Get the full story at our sister site, Drug Delivery Business News.