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CRG

Intrinsic Therapeutics raises $50m for Barricaid annular closure device

May 10, 2017 By Brad Perriello

Intrinsic Therapeutics said today that it raised a $49 million debt-and-equity round for the Barricaid annular closure device for discectomies that it’s developing. The Boston-based company said the round consisted of a $28 million equity financing led by New Enterprise Assoc. and Delos Capital, plus a $21 million debt facility with CRG. Other backers included Greenspring Associates, Quadrille […]

Filed Under: Blog Tagged With: CRG, deloscapital, Intrinsic Therapeutics, New Enterprise Associates

ViewRay raises $14m in private placement

August 22, 2016 By Brad Perriello

ViewRay (NSDQ:VRAY) said today that it raised nearly $14 million in a private placement as it gears up to launch its MRIdian linear accelerator, saying it expects to win regulatory nods in the U.S. and overseas by the end of the year. Cleveland-based ViewRay said the round was led by existing backers OrbiMed Advisors, Xeraya Capital and Kearny Venture […]

Filed Under: Funding Roundup, Imaging, Wall Street Beat Tagged With: CRG, Kearny Venture Partners, OrbiMed, Venture Capital/Private Equity, ViewRay Inc., Xeraya Capital

Navidea lands $60m for Lymphoseek

May 14, 2015 By Mark Hollmer Leave a Comment

Navidea lands $60m for Lymphoseek

Navidea (NYSE:NAVB) is getting a loan of up to $60 million it plans to use to retire debt and spur wider use of its Lymphoseek cancer imaging agent.

Filed Under: Funding Roundup, News Well, Oncology Tagged With: CRG, Navidea Biopharmaceuticals

Ceterix lands $35m for suture device

May 11, 2015 By Brad Perriello Leave a Comment

Ceterix lands $35m for suture device

Ceterix Orthopaedics said last week that it took out a $35 million term loan with CRG it plans to use to advance its NovoStitch suture passing device for surgeries to repair torn menisces in the knee.

Menlo Park, Calif.-based Ceterix said the NovoStitch device is designed to help surgeons place sutures in patterns that used to require open procedures or weren’t possible at all.

Filed Under: Funding Roundup, News Well, Orthopedics Tagged With: Ceterix Orthopaedics, CRG, Knees

Astute Medical to receive up to $30M from CRG for kidney-injury test | Medtech funding for the week of October 13, 2014

October 17, 2014 By MassDevice

FDA nod triggers $30m milestone for Astute Medical

October 10, 2014 by Alexander Soule

Filed Under: Funding Roundup, News Well, Respiratory Tagged With: Astute Medical, c2 Therapeutics, CRG, Frontline BioVentures, Medical Alley, MID Labs, OrbiMed, Ortho-Clinical Diagnostics, Softbank China Venture Capital, Sungent BioVenture

FDA nod triggers $30m milestone for Astute Medical

October 10, 2014 By Alexander Soule

FDA nod triggers $30m milestone for Astute Medical

Astute Medical said it’s in line to receive up to $30 million under a standing loan agreement from funding partner CRG to commercialize its recently approved NephroCheck kidney-injury test, and could receive an additional $10 million if it hits certain revenue milestones.

Filed Under: Diagnostics, Funding Roundup, News Well, Regulatory/Compliance, Respiratory Tagged With: Astute Medical, CRG, Ortho-Clinical Diagnostics, Renal

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