Medigus raises $5.6M, touts clinical results for acid reflux device

September 12, 2014 by Arezu Sarvestani

Medical device maker Medigus has some new cash and the backing of a major medical journal in hand.

The Israeli company closed a $5.6 million funding round with 5 backers, according to an SEC filing dated Sept. 5, 2014. The company offered no details on the source of the funding round or how it plans to spend its new cash. Read more

Funding: InSightec raises $12.5M from Chinese backers

September 16, 2014 by Arezu Sarvestani

Israeli device maker InSightec added $12.5 million to its coffers thanks to the support of Chinese backers, the firm’s parent company announced.

Elbit Imaging announced that its InSightec subsidiary sold more than 6.4 million Series D preferred shares to Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Limited, which now own about 5% of the company on a fully diluted basis. Elbit retains 37.6% (33.3% on a fully diluted basis), the company added. Read more

Corindus raises $26.6M for vascular robot

September 15, 2014 by Arezu Sarvestani

Massachusetts-based Corindus Vascular Robotics has big plans for its newly secured $26.6 million, raised in a private placement funding round.

Corindus sold nearly 10.7 million shares at $2.50 apiece through a Securities Purchase Agreement, with Cowen & Co. and Stifel, Nicolaus & Co. acting as placement agents. Read more

Intrinsic Therapeutics raises $17.2M for spinal surgery devices

September 18, 2014 by Arezu Sarvestani

Massachusetts-based Intrinsic Therapeutics is nearing the close of a $20.9 million equity round, with about $17.3 million raised so far.

The round has been open less than a month and has garnered the interest of 28 unnamed backers, according to a September 17 SEC filing. Read more