AmacaThera announced today that it completed an oversubscribed $10.3 million Series A financing round. Lumira Ventures led the Series A funding, with existing investors Viva BioInnovator and Sprout BioVentures contributing as well. New investors BDC Capital Women in Technology Venture Fund, Inveready, MBX Capital, CR Capital Management, StandUp Ventures and MaRS IAF participated, too, according to […]
Pain Management
Mainstay Medical raises $108M
Neurostimulation technology developer Mainstay Medical announced that it closed an equity financing worth gross proceeds of $108 million. Dublin, Ireland-based Mainstay said in a news release that it plans to use the funds for the commercial launch of the ReActiv8 system in the U.S., along with continued expansion in Europe and Australia, plus post-market clinical […]
Stryker sells T/Pump product line to C2Dx
C2Dx today announced that it has acquired Stryker’s T/Pump product line for an undisclosed amount. The T/Pump product line provides localized temperature therapy for pain relief and patient comfort. It is used for orthopedic conditions, acute injuries, chronic pain and muscle strains. It can also be used for skin trauma, burns, contusions and other localized […]
NeuroMetrix slides on Q4 losses
NeuroMetrix (NSDQ:NURO) shares dipped today on fourth-quarter results that showcased losses despite an improved bottom line. The Woburn, Mass.-based company posted losses of -$325,767 on sales of $1.8 million for the three months ended Dec. 31, 2020, for a 69.2% bottom-line gain on sales growth of 6%. NeuroMetrix experienced headwinds from the COVID-19 pandemic and felt […]
FDA clears Theranica device for adolescent migraines
Theranica announced today that the FDA has granted expanded clearance for the use of its Nerivio acute migraine treatment device by people 12 years and older. The use of the device in the treatment of adolescents is supported by a study recently published in Headache. According to the study, 28 of 39 (71%) of the adolescent participants using […]
Boston Scientific launches WaveWriter Alpha spinal cord stim
Boston Scientific (NYSE:BSX) today said it launched its WaveWriter Alpha spinal cord stimulator systems in the U.S. The systems are designed to deliver paresthesia-free pain relief in minutes. They are designed with Boston Scientific’s Fast-Acting Sub-perception Therapy (FAST) and have four MRI conditional, Bluetooth-enabled, rechargeable and non-rechargeable implantable pulse generators. “We have found that the specific […]
NeuroOne Medical appoints new CFO
NeuroOne Medical Technologies (OTC:NMTC) announced today that it appointed Ronald McClurg as its chief financial officer. McClurg, a veteran of 30 years in the space of financial leadership, has held the role of CFO for companies including Orthomet, Incisive Surgical, Video Sentry and Insignia Systems, having begun his career in public accounting at Ernst and […]
Nesos raises $16.5M
“Brain-hacking” wireless earbud-like technology developing startup Nesos reportedly raised $16.5 million earlier this month. Reuters reported on Dec. 10 that the San Francisco-based startup’s CEO, Konstantinos Alataris, described its technology as designed to “hack” the brain, using electric fields to make changes through the device, which bears resemblance to a pair of wireless earbuds. The […]
Smiths Medical launches Portex EchoGlo peripheral nerve block portfolio
Smiths Medical announced today that it launched its EchoGlo peripheral nerve block portfolio as part of the Portex pain management platform. EchoGlo is a needle designed for echogenic brightness under ultrasound to enhance visualization and accuracy while delivering medication, helping to confidently place local anesthetic which could reduce post-operative dependency on opioids, according to a […]
DJO acquires LiteCure Laser Therapy
DJO today said it acquired LiteCure and its therapeutic laser technology for an undisclosed amount. New Castle, Del.-based LiteCure’s portfolio includes products marketed under the brand names of LightForce Therapy Lasers for humans and Companion for animals. “The LiteCure portfolio was a natural fit for the DJO Recovery Sciences business, bringing together a joint passion […]
Boston Scientific gains FDA nod for SCS
Boston Scientific (NYSE:BSX) announced Fridayt that it received FDA approval for its WaveWriter Alpha spinal cord stimulator systems. Marlborough, Mass.-based Boston Scientific’s WaveWriter Alpha portfolio of SCS systems includes four MRI-conditional, Bluetooth-enabled implantable pulse generators to expand personalization based on patient needs, including rechargeable and non-rechargeable options as well as coverage for multiple areas of pain, […]
