Delphinus Medical Technologies said today that it raised a $39.5 million Series C round led by Venture Investors for its SoftVue whole breast ultrasound system. Proceeds from the round, which was joined by new investors Hopen Life Science Ventures and Waycross Ventures and existing backers Arboretum Ventures, Beringea, and North Coast Technology Investors, are slated for regulatory and commercialization expenses […]
Women's Health
Bayer opens Costa Rica plant for Essure device
Bayer (ETR:BAYN) yesterday cut the ribbon on a new plant in Costa Rica where it plans to make its Essure permanent contraception device. The 15,000-square foot (1,400m) facility in Barreal de Heredia will initially add about 75 employees to Bayer’s 350-member workforce in Costa Rica, where the company has its Central American and Caribbean headquarters, according to the Costa Rican […]
Boston Scientific looks to block pelvic mesh plaintiff’s bid to exclude murder conviction
Boston Scientific (NYSE:BSX) wants a federal judge to allow evidence of a pelvic mesh plaintiff’s murder conviction, arguing its relevance to her claims that its Uphold device affected her mental health. Ramona Winebarger in 1995 pleaded guilty to murder in the death of her 1st husband and the shooting of another man. Sentenced to 35 years, she served […]
Business groups call for probe of medical funding in pelvic mesh cases
(Reuters) — Two business lobbying groups this week called on the Consumer Financial Protection Board to investigate the medical funding industry, after a Reuters investigation revealed that private investors are funding operations for women who have sued makers of pelvic mesh implants. The American Tort Reform Assn. and DRI-The Voice of the Defense Bar told Reuters this week that […]
Kindara raises $5 million for ovulation thermometer app
Women’s health and fertility device company Kindara said yesterday it has raised $5.3 million in seed funding, including conversion of $1.9 million in convertible notes. The round was led by Boston Seed Capital and joined by SOSV, Good Works Ventures, PV Ventures, Mena Venture Investments and 62 Mile Ventures, according to the company. Funds from […]
Guided Therapeutics pushes LuViva PMA bid
Guided Therapeutics (OTC:GTHP) said today that it pushed its bid for pre-market approval for its LuViva from the FDA, after the U.S. safety watchdog handed it another setback last spring. GTHP shares lost ⅓ of their value May 20 after the FDA asked Norcross, Ga.-based Guided Therapeutics for more data on the LuViva device, which is designed to scan […]
Investors profit by funding surgery for desperate pelvic mesh patients
(Reuters) — In July 2013, California urogynecologist Andrew Cassidenti received an email from an entrepreneur named Otto Fisher, who had a proposition. Fisher was looking for surgeons to perform operations to remove pelvic mesh implants from women. Intrigued, Cassidenti responded. In a phone call, Fisher said he needed doctors to operate at outpatient centers in California […]
CooperSurgical pays $47m for IVF screener Reprogenetics
Cooper Cos. (NYSE:COO) CooperSurgical subsidiary acquired in-vitro fertilization screening company Reprogenetics last week for nearly $47 million. Livingston, N.J.-based Reprogenetics offers pre-implantation genetic screening and diagnosis for in vitro fertilization, Cooper said. The $46.5 million deal isn’t expected to affect earnings per share this year or in 2016, but should be accretive thereafter, the company said. Reprogenetics put up […]
Report: Bard to pay $200m to settle mesh cases
C.R. Bard (NYSE:BCR) reportedly agreed to pay more than $200 million to resolve at least 3,000 product liability lawsuits brought by women who claim they were injured by its pelvic mesh inserts. The settlement resolves about a fifth of the outstanding suits related to the implants, which bolster sagging organs and treat incontinence, according to Bloomberg, which […]
GC Aesthetics sets terms for $75m IPO
GC Aesthetics said last Saturday it set terms for its $75 million initial public offering, looking to float 5.4 million shares between $13 and $15 a piece, according to an SEC filing. The IPO also includes an 802,500 share underwriters over-allotment option, the company said. The offering would command a fully diluted market value of $260 million […]
Fogarty Institute adds 3 new medtech startups
The Fogarty Institute for Innovation said today that it added a trio of medical device startups to its roster: Igantia Therapeutics, Madorra and Marz Medical. Mountain View, Calif.-based Fogarty Institute said the companies are each developing treatments for women’s health. The not-for-profit institute, named for medical device legend Dr. Tom Fogarty, incubates early-stage medtech ventures, providing intellectual, […]