The Medical Device Business Journal — Medical Device News & Articles | MassDevice
UCLA spin-out Tribogenics landed $2.5 million from a network of angel investors and Flywheel Ventures for the commercialization of its next-generation x-ray technology.
Tribogenics’ technology, developed at UCLA by Carlos Camara, enables low-cost X-ray sources for scientific instruments, security screening and medical devices.
Neurostimulation company SPR Therapeutics LLC received a $250,000 investment from JumpStart to help develop and commercialize its pain relief medical device.
SPR’s first product, the minimally invasive Smartpatch, is aimed at reducing shoulder pain in patients who’ve suffered strokes.
The technology works via an external generator that electrically stimulates a peripheral nerve to exercise a muscle and treat a patient’s pain.
Cleveland Clinic and economic development group JumpStart Inc. invested $500,000 in SironRX Therapeutics, a newly created company developing a wound-healing therapy.
The investment will be part of a larger, $2.5 million fundraise for the company, CEO Rahul Aras said.
By Mary Vanac
Healthcare technology and services company CoverMyMeds LLC received a $250,000 investment commitment from JumpStart Ventures to develop its application for automated submission of requests to cover patient prescriptions that have been rejected by insurers.
