Tendon and ligament repair technology developer Biorez announced today that it raised $3.5 million in a seed financing round. New York Angels led the financing round, while Connecticut Innovations, Pritzker Vlock Family Office, Brainchild Holdings and The Vertical Group also participated, according to a news release. The New Haven, Conn.-based company develops the BioBrace implant, […]
Implants
ParaGen Technologies raises $4.1m
ParaGen Technologies filed an amendment to an SEC Form D last week confirming the sale of more than $4.1 million. Columbus, Ohio-based ParaGen is offering a total of $10 million in equity and options, warrants and/or other rights to purchase securities. Following its sale of $4.1 million, the company still has nearly 5.8 million remaining […]
Rosens Diversified is acquiring Collagen Solutions
Rosen’s Diversified today agreed to a deal to acquire the entire issued and to-be-issued ordinary share capital of Collagen Solutions (LON:COS). Rosen’s Diversified (RDI) is a Fairmont, Minn.-based food production, agrichemical and distribution company that is already Collagen Solutions’ largest shareholder, according to a news release. Collagen Solutions, which has a U.K. headquarters and operates out […]
Garwood Medical raises $4M in Series C round
Garwood Medical Devices announced today that it raised $4 million in a Series C financing round to support preclinical testing for BioPrax. Buffalo, N.Y.-based Garwood Medical develops the BioPrax device for minimally invasive procedures for eliminating biofilm infections on prosthetic joints during early intervention procedures. The device received FDA breakthrough device designation in October 2019. […]
Conformis reaches second milestone in Stryker deal
Conformis (NSDQ:CFMS) announced today that it completed the second of three milestones in its license and development agreement with Stryker (NYSE:SYK). Under the agreement, Conformis is set to receive an additional $3 million from Stryker after achieving the milestone as it develops patient-specific instrumentation (PSI) for use in connection with Stryker’s knee implant offerings. “We are pleased […]
Conformis dips on Q2 losses
Conformis (NSDQ:CFMS) shares dipped today on second-quarter results that highlighted losses influenced by the ongoing COVID-19 pandemic. The Billerica, Mass.-based joint replacement implant maker posted losses of -$2.1 million, or -3¢ per share, on sales of $19.5 million for the three months ended June 30, 2020, for a 68.4% bottom-line gain on a sales decline of […]
FDA clears LifeSpine anterior lumbar spacer system
Spinal disorder treatment developer Life Spine announced that it received FDA clearance for its Plateau-A Ti anterior lumbar spacer system. Huntley, Ill.-based Life Spine’s Plateau-A Ti system can be used for anterior fusion procedures, offering multiple footprint sizes in various heights to accommodate individual anatomies and pathologies, according to a news release. The system also […]
Stryker dips despite Street-beating Q2
Stryker (NYSE:SYK) shares dipped slightly today despite second-quarter results that came in ahead of the consensus forecast. The Kalamazoo, Mich.-based company posted losses of -$83 million, or -22¢ per share, on sales of $2.8 billion for the three months ended June 30, 2020, for a bottom-line slide from profits of $480 million last year into the […]
Vizient to distribute WishBone Medical’s pediatric ortho implants
WishBone Medical announced today that it entered into a national agreement with Vizient to provide orthopedic implants to pediatric patients. Warsaw, Ind.-based WishBone said in a news release that Vizient’s membership base includes more than 50% of the nation’s acute care providers, allowing WishBone’s “Just-In-Time” supply of single-use sterile kits for children with orthopedic issues […]
The 18 most innovative medical devices of 2020
The Galien Foundation recently announced nominees for most innovative medical devices for its 14th Annual Prix Galien USA Awards. The foundation bestows the Prix Galien Award annually to examples of outstanding biomedical and technology products that are designed to improve the human condition. “As we celebrate 50 years of the Prix Galien process, we are honored […]
CoreLink launches pedicle screw system
CoreLink announced today that it launched its Tiger MIS x-tab pedicle screw system designed for the correction of the thoracolumbar spine. St. Louis-based CoreLink’s percutaneous system further expands its Tiger platform with numerous screw and rod options for treating patients with a variety of spinal pathologies with minimal tissue disruption, according to a news release. […]