Quanta wins CE Mark for portable dialysis device
January 6, 2015 by Mark Hollmer
Quanta Fluid Solutions said it nailed additional funding that boosted its recent investment round to $44 million. The money is well timed, considering the U.K. outfit recently gained a CE Mark for its portable, cartridge-based hemodialysis system.
Plans call for rolling out Quanta’s SC+ product this year. CEO John Milad noted in prepared remarks that the regulatory win is a big milestone for the company. Quanta launched in 2008, spun out from engineering company IMI, and is backed by investors including Wellington Partners and NBGI Ventures. Read more
CardioFocus raises $32m, inks Japanese distribution deal
January 7, 2015 by Brad Perriello
CardioFocus this week reported a funding round worth nearly $32 million and said it inked a distribution deal in Japan for its HeartLight laser ablation system for treating atrial fibrillation.
Marlborough, Mass.-based CardioFocus said in a regulatory filing that it raised $31.7 million in an equity offering it hopes will bring in a total of $33.2 million, including the conversion of promissory notes. Read more
Diabetes: Integrity Applications adds $1.6m for GlucoTrack device
January 8, 2015 by Mark Hollmer
Israel’s Integrity Applications said it raised $8.5 million last year, thanks to a last-minute, $1.6 million addition Dec. 31.
The company did not disclose how it would use the money. But funding will likely go toward advancing the company’s GlucoTrack DF-F noninvasive blood glucose measurement device, which gained a CE Mark in the European Union in 2013 and must now go through the FDA’s pre-market approval process. Read more
