InSightec raises $59m, taps ex-Mako CEO Ferré for board
December 15, 2014 by Brad Perriello
InSightec said today that it reeled in a $59 million Series D round from institutional investors in the U.S. and Asia and named Dr. Maurice Ferré as chairman of the board.
InSightec developed the ExAblate MR-guided ultrasound targeting technology. Read more
Engineer looks to crowdfund heart valve
December 17, 2014 by Mark Hollmer
A Salt Lake City engineer is hoping to raise money on crowdfunding website Indiegogo to back preclinical testing of the new valve replacement technology he designed.
Bret Park is developing the One-Way heart assist valve through his company, Savant Holdings. The device is designed to treat many types of congestive heart failure by replacing regurgitating heart valves without actually touching the heart. Read more
Aethlon sells $3.3m in securities to investment fund
December 18, 2014 by Val Kennedy
Aethlon Medical said it dealt $3.3 million worth of securities an investment fund, as it pursues various approvals for its Hemopurifier blood filtration device.
“The proceeds will be directed toward funding a clinical study, general working purposes and debt reduction,” CEO James Joyce told MassDevice.com via email, noting that the backer is a healthcare-focused investment fund. Read more
Stealthy Cotera raises nearly $8m for knee implants
December 18, 2014 by Mark Hollmer
Stealthy Cotera, a developer of implantable devices to treat knee osteoarthritis, lifted the veil enough to report raising more than $7.8 million in an ongoing equity offering.
The California startup disclosed the funding in a Dec. 15 regulatory filing. Specifics about the 10 unnamed investors weren’t disclosed, though Cotera said it hopes to ultimately surpass $9.8 million with the offering. Read more
