Endotronix last week announced that it received FDA approval to begin its multi-center Proactive-HF trial of the Cordella Pulmonary Artery Pressure Sensor System. The trial is designed to help the Cordella Sensor reach pre-market approval faster and will begin enrollment in the third quarter of 2019. “We are excited to begin enrollment in this groundbreaking […]
Early stage medtech firm Miach Orthopaedics said today that it named former Rotation Medical CEO and medtech vet Martha Shadan as its new prez and chief executive officer. Shadan has held numerous leadership positions at medtech firms, including Zimmer Biomet (NYSE:ZBH), Covidien, Bristol Myers Squibb and Merck, Westborough, Mass.-based Miach said. Prior to joining Miach, Shadan […]
Endotronix said today that it closed on a $45 million Series D round for the Cordella cardiovascular monitoring technology it’s developing. The Lisle, Ill.-based company said its latest raise was led by LSP and included Aperture Venture Partners, BioVentures Investors, Lumira Ventures, OSF Ventures, Seroba Life Sciences, SV Health Investors, Wanxiang Healthcare Investments and an unnamed […]
Biolase (NSDQ:BIOL) said this week its CEO Harold Flynn has resigned from the company to pursue other interests, and that current CFO John Beaver will step in to act as interim CEO. The transition will be made immediately, the Irvine, Calif.-based company said. “I would like to thank Harold for the leadership and commitment he has […]
Endotronix said today that it raised more than $37 million for the Cordella pulmonary artery pressure sensor it’s developing. Cordella consists of a wireless cardiac monitor and a miniature pressure sensor that’s designed to be implanted in a patient’s pulmonary artery to wirelessly return PA pressure to portable reader device. Data from the device can be transmitted to healthcare […]
Medical device and OEM company Millar said today it inked an agreement with digital medtech company Endotronix granting it exclusive rights to its wireless MEMES sensor technology for use in neurosurgical devices. Houston-based Millar said the sensor technology will be used to develop an at-home monitor for intracranial pressure for patients suffering from hydrocephalus, looking […]
Endotronix said today it inked a $12 million term loan agreement with Silicon Valley Bank, with funds slated to support a clinical program for its Cordella heart failure system. The Woodridge, Ill.-based company’s Cordella system is composed of a wireless cardiac monitor and a miniature pressure sensor that’s designed to be implanted in a patient’s pulmonary artery to […]
Endotronix said today that it raised a $32 million Series C round for the wireless heart monitor it’s looking to commercialize. Participants in the round included existing backers and an unnamed strategic investor, plus BioVentures Investors, SV Life Sciences, Lumira Capital, Aperture Venture Partners and OSF Ventures, Woodridge, Ill.-based Endotronix said. “We are pleased to welcome these high-caliber medtech […]
Endotronix raised $3 million and is looking to bring in another $540,000 in a new round of debt financing, according to an SEC filing posted last week. Woodridge, Ill.-based Endotronix develops wireless cardiac monitors, including a ‘tiny pressure sensor’ designed to be implanted in a patient’s pulmonary artery during a catheterization procedure, to wirelessly return PA […]
Endotronix Inc., which is developing wireless heart sensor technology licensed from NASA, received a $250,000 investment from JumpStart Ventures.
The funding from the Cleveland-based economic development group is part of a larger, undisclosed investment round, according to a statement from JumpStart.
Endotronix’s implantable technology interacts with an external, hand-held measurement instrument and allows congestive heart failure patients to remotely monitor their blood pressure.