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 […]
Women's Health
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, […]
Gynesonics raises $43m
Gynesonics said today it raised $43 million in a new round of equity financing, with funds slated to aid the company’s operations and support its Sonata radiofrequency ablation device used to treat intrauterine fibroids. The Sonata system is minimally invasive and incision-free, using radiofrequency ablation guided by sonography and preserving the uterus, unlike hysterectomies which […]
Channel Medsystems raises $23.8m
Channel Medsystems raised $23.8 million in a new equity financing round, where it is seeking $29.5 million, according to an SEC filing. The company is developing a global cryogen-based endometrial ablation technology system, with an initial application of endometrial ablation for women with heavy menstrual bleeding, Emeryville, Calif.-based Channel Medsystems said. Channel Medsystems found 23 unnamed […]
GE Capital backs Cianna Medical in $8m round
Cianna Medical said today that it raised $8 million for its Savi Scout breast cancer device, including a $4 million debt round from GE Capital and another $4 million equity round from existing backers. Aliso Viejo, Calif.-based Cianna’s Savi Scout is designed to produce audible and visual indicators surgeons can use to tag cancerous tissue during lumpectomy […]
Fujifilm Submits 1st PMA module for digital breast tomosynthesis
Fujifilm Medical Systems (TSE:4901) said today it submitted the 1st module of its FDA premarket approval application for digital breast tomosynthesis as an upgrade for its Aspire Cristalle mammography system. The module is the 1st to be submitted for FDA PMA modular review with plans to submit the remaining modules within the coming year, Stamford, Conn.-based […]