Senseonics (NYSE:SENS) said yesterday that it took out a term loan worth $30 million from Oxford Finance and Silicon Valley Bank, augmenting the $45 million it raised in an initial public offering in March. Germantown, Md.-based Senseonics, which makes the Eversense implantable continuous glucose monitor, said it used $11 million of the 1st, $15 million withdrawal to […]
Funding Roundup
Amedica prices $11m offering
Amedica (NSDQ:AMDA) said today that it priced a stock offering worth $11 million for the silicon nitride implants it makes. Salt Lake City, Utah-based Amedica said it plans to float more than 3.6 million shares of common stock at $1 apiece, plus nearly 7,400 preferred shares at $1,000 each, and 11 million warrants. The common stock […]
Spirometrix lands $17m Series C for breath-based diagnostic device
Spirometrix said yesterday that it raised $17.4 million in the 1st tranche of its Series C round for the breath-based diagnostic device it’s developing for asthma patients. Shanghai Fosun Pharmaceutical (SHA:600196) led the round, joined by prior investors NGK Spark Plug, South Valley Angels, Iconical, Ohio Innovation Foundation and Carmen Innovation, Spirometrix said. The Fenom Pro device is designed […]
Bioventus files for $150m IPO
Orthobiologics maker Bioventus yesterday registered for an initial public offering it plans to use to pay off debt. Durham, N.C.-based Bioventus was formed in 2012 when Smith & Nephew (NYSE:SNN) spun out its biologics and clinical therapies division in a joint venture with venture capital firm Essex Woodlands. In October 2014 Bioventus acquired the OsteoAMP product line from Advanced […]
Gecko Biomedical lands $1.6m loan for surgical adhesives
Gecko Biomedical said today that it landed a $1.6 million, interest-free loan from Bpifrance for the surgical adhesives it’s developing. Paris-based Gecko, which pulled down a $25 million Series A2 round in March, said the €1.4 million loan will go toward clinical trials in Europe aimed at winning CE Mark approval during the 1st half […]
CRO Medpace registers $150m IPO
Contract research organization Medpace last week registered for a $150 million initial public offering it plans to use to pay down some of its debt. Private equity shop Cinven paid CCMP Capital Advisors $921.3 million for Cincinnati-based Medpace in 2014. Medpace filed confidentially for the IPO back in March. Jefferies and Credit Suisse are joint book-runners for […]
Medtronic, Cochlear get in on $51m Earlens round
Earlens said today that it raised a funding round worth $51 million for the light-driven hearing aid it developed, pulling down $34 million in cash and another $17 million in a bridge financing conversion. The Earlens device, which last October won 510(k) clearance from the FDA, uses a laser diode attached to a behind-the-ear audio processor to […]
Arkis BioSciences lands $3m Series A for neurosurgery tools
Arkis BioSciences said today that it raised a $3.4 million Series A round for its line of neurosurgical tools, led by Innova Memphis. Angel Capital Group, the Lighthouse Fund and private investors also participated, Knoxville, Tenn.-based Arkis said. The proceeds are earmarked for further commercialization of its tunneling guidewire and Auto Shunt devices, plus the […]
UPDATE: Cerus, Terumo land $48m in BARDA grants for anti-Zika push
Updated with comments from Terumo. Cerus (NSDQ: CERS) and Terumo Corp. (TYO:4543) won grants from a U.S. Health & Human Services Dept. agency worth a collective $48 million to study their respective devices for eliminating blood pathogens like the Zika virus. Zika, which the World Health Organization declared a global emergency in February, has been linked to microcephaly, a birth […]
Mainstay Medical pulls in $34m for Reactiv8 neurostim device for chronic pain
Mainstay Medical (EPA:MSTY) said last week that it raised a $34 million (€30 million) equity round for its Reactiv8 neurostimulation device, including a $17 million (€15 million) contribution from family investment fund KCK. Proceeds from the 2.3-million-share flotation, priced at $14.70 apiece (€13.00), are slated for European commercialization of the Reactiv8 device (the system won CE Mark approval in […]
CVRx raises $47m, with another $25m in the pipeline
CVRx raised $46.5 million and has another $25.1 million waiting in the wings once it achieves ” a certain milestone,” the company said in a regulatory filing last week. Seventeen unnamed investors participated in the round, according to the filing, taking Minneapolis-based CVRx’s total raise since its 2001 founding to $237.1 million. CVRx, which said in the […]