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UPDATE: IPI blazes “clear path” to market for neonatal medical devices

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The Institute for Pediatric Innovation Inc. is working with a pair of hospitals to develop medical devices for infants in neonatal intensive care units.

The Cambridge, Mass.-based institute said it’s working with California’s Lucile Packard Children’s Hospital at Stanford on a new pediatric endotracheal tube optimized for neonatal care and with University Hospitals Rainbow Babies & Children’s Hospital of Cleveland on a vein transilluminator designed to reduce the number of needle sticks required to locate a vein.

QualityMetric inks outcome measurement deal with Palladian Health

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QualityMetric Inc. agreed to provide its health survey services to help Palladian Health LLC track patients’ outcomes after receiving its chiropractic, physical therapy and coordinated spine care treatments.

Lincoln, R.I.-based QualityMetric makes health survey software designed to track patient-reported outcomes.

Hologic settles with EPA over Wisconsin Third Wave site for $87,400

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Hologic Inc. (NSDQ:HOLX) inked a deal with the U.S. Environmental Protection Agency to settle alleged hazardous waste violations at a Third Wave Technologies facility in Madison, Wis.

The Bedford, Mass.-based women’s health products company, which bought Third Wave in 2008 for $580 million, agreed to pay an $87,400 penalty to settle the case.

UPDATE: Medical personnel, supplies needed for Haitian relief effort

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There’s a desperate need for skilled medical personnel from a variety of emergency disciplines in Haiti as it deals with the massive earthquake that may have killed as many as 50,000 people.

The magnitude 7.0 temblor centered about 10 miles from Port-au-Prince, Haiti, devastated large swaths of the city and caused major damage throughout the country. A Red Cross official estimated today that the death toll could reach the 45,000 to 50,000 range, according to the New York Times. Many victims are still buried in the rubble.

InfraReDx rings up $10 million more in convertible debt sale

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InfraReDx Inc. raised an additional $10 million through the sale of convertible promissory notes, according to a filing with the Securities and Exchange Commission, taking the Burlington, Mass.-based company’s total fundraising effort to nearly $100 million after more than a decade of operation.

A spokesman for the company told MassDevice that the firm wouldn’t be making any comment on the new round until CEO James Muller returned from presenting at the JP Morgan Healthcare Investors Conference in San Francisco this week.

Caliper beats Q4 revenue guidance

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Caliper Life Sciences Inc. (NSDQ:CALP) said it expects to beat its own expectations for the fourth quarter’s top line, reporting preliminary revenues of $37.6 million for the three months ended Dec. 31, 2009.

The Hopkinton, Mass.-based lab equipment and services provider credited stronger-than-expected sales of its Ivis and LabChip instruments for the boon, along with license revenues from the deal it announced last week with Becton, Dickinson & Co. (NYSE:BDX). Caliper had predicted sales of between $33 million and $35 million for the quarter.

MedVentive wraps up $9 million VC round

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MedVentive Inc. put the final touches on a fund-raising effort begun last summer, closing on an additional $1.75 million for a total of $9 million in new venture capital.

The Waltham-based healthcare management software provider said in July that it had closed on the initial $7.25 million in a Series C round led by Excel Venture Management of Boston.

Microfluidics hopes deal expands exposure north of border

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Microfluidics International Corp. is putting its middle name to more use.

The Newton, Mass.-based manufacturer of material-processing tools inked a distribution deal with ATS Scientific Inc., extending its reach across most of Canada. Under the deal, ATS will be the exclusive distributor in Canada of the Microfluidizer processor, which uses fluids to break apart biological materials into uniform particles.

LifeImage drums up nearly $2.2 million

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LifeImage Inc. drummed up another $2.2 million in an equity sale during its second round of financing.

The Newton, Mass.-based company makes software for sharing medical images using so-called “cloud computing,” or Web-based servers, to store and share the images.

LifeImage closed its first funding round, for just more than $2.2 million, in March, 2009, according to securities filings. The most recent round closed Jan. 11, according to a regulatory filing.