Monteris Medical raised nearly $7 million of a hoped-for $10 million debt-and-options round for the NeuroBlate neurosurgery device it’s developing. Plymouth, Minn.-based Monteris last month won FDA approval for an investigational device exemption trial of NeuroBlate in patients newly diagnosed with a form of brain cancer called glioblastoma multiforme. The MRI-guided device is designed to ablate, necrotize or coagulate […]
Funding Roundup
UPDATE: Apama Medical raises $20m
Updated to include new information from Apama Medical Novel catheter ablation tech developer Apama Medical said it raised a total of $19.7 million, with $13.2 million coming from a closed Series C round and $6.5 million from a debt facility with Silicon Valley Bank. Apama Medical is developing novel ablation catheter technology to combine “the best elements […]
PixarBio raises $7m for non-addictive morphine alternative
PixarBio (OTC:PXRB) raised $7 million for its biomaterial-based opioid alternative for post-operative acute and chronic pain relief, about 18% of its $40 million equity financing according to a regulatory filing that the Medford, Mass.-based company filed yesterday. The company’s drug delivery product, NeuroRelease, is an injectable morphine replacement therapy for use in the surgical/hospital setting, the […]
Genetesis lands $1m seed round for CardioFlux heart imaging device
Genetesis said today that it raised a $1.2 million seed round for its CardioFlux heart imaging device. Cincinatti-based Genetesis said the round was led by CincyTech and Mark Cuban’s Radical Investments and included Loud Capital, Danmar Capital, Wilson Sonsini Investment Company, Genetesis management and private angels. The CardioFlux device is designed to create a 3D map to characterize the […]
ReVision Optics raises $32m for Raindrop nearsightedness inlay
ReVision Optics said today that it raised $32 million in an equity round to back the commercialization of its Raindrop near-vision inlay. Existing backers Canaan Partners, Domain Associates, InterWest Partners and ProQuest Investments also participated in the round, Lake Forest, Calif.-based ReVision said. The Raindrop inlay, which won pre-market approval from the FDA in June, is a […]
Intuity Medical raises $40m for Pogo glucose meter
Intuity Medical said today that it raised $40 million in a Series C round for its Pogo 1-step blood glucose meter. Sunnyvale, Calif.-based Intuity said the round was led by PTV Healthcare Capital and included affiliates of Luther King Capital Management, both new investors, and existing backers Accuitive Medical Ventures, Investor Growth Capital, U.S. Venture Partners, Venrock […]
Siemens plans IPO for healthcare business
Reuters — Siemens (NYSE:SI) said today that it’s planning a public listing for its $15 billion healthcare business, lifting its shares to a 16-year high as investors hoped for an injection of capital that would lift its valuation while funding future investments. Healthcare is the most profitable business of the trains-to-turbines group but will need large investments […]
Cohero raises $9m Series A for smart inhalers
Cohero Health said today that it closed a $9 million Series A round for its BreatheSmart patient monitoring platform, which can track medication adherence and measure lung functioning. The funds are also earmarked for commercial development efforts and expanding Cohero’s clinical trial program. The round was led by Three Leaf Ventures with participation by Zaffre Investments and BioAdvance, Cohero […]
Titan Medical adds $900k to $8m overnight offering
Titan Medical (TSE:TMD) said today that it brought in another $909,000 after the underwriters of an overnight offering picked up their over-allotment option. Toronto-based Titan said it sold some 2 million shares at about 44.8¢ (C60¢) apiece, adding $909,000 (C$1.2 million) to the $7.7 million (C$10.25 million) it raised in the initial offering last month. Titan had hoped […]
Jivana Biotechnology raises $1m for targeted cancer therapy
Jivana Biotechnology raised $1 million for its preclinical work using targeted RNA-based therapies to treat a variety of cancers, according to a regulatory filing the Oak Park, Ill.-based company submitted this week. The minimum investment from an outside investor was $50,000, the company reported, and it used an estimated $125,000 for payments to its executive […]
Wound care giant Convatec prices $1.8B IPO
Danish wound care and colostomy supply maker ConvaTec today priced an initial public offering that grossed nearly $1.8 billion on the London Stock Exchange. ConvaTec, which is owned by private equity firms Avista Capital Partners and Nordic Capital, said it put up 33.8% of its shares in the flotation, which could rise to 38.9% if the underwriters fully exercise an over-allotment […]