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Magnolia Medical Technologies

Magnolia Medical touts results of blood contamination study

October 27, 2020 By Sean Whooley

Magnolia Medical Technologies today touted “unprecedented” results from a clinical study of its Steripath in sepsis testing. Seattle-based Magnolia Medical’s Steripath, a blood culture contamination product, was being evaluated for its impact in reducing false-positive blood culture results in sepsis testing, according to a news release. Results of the study were presented by Stanford Healthcare’s […]

Filed Under: Blood Management, Clinical Trials, Diagnostics Tagged With: Magnolia Medical Technologies, Stanford Hospital

Magnolia Medical receives $20m venture loan facility

May 27, 2020 By Sean Whooley

Horizon Technology Finance announced that it issued a $20 million venture loan facility to blood culture collection device maker Magnolia Medical. According to a news release, Horizon provided the loan facility to Magnolia on May 6 to support its FDA-cleared Steripath device for preventing the contamination of blood cultures upon collection. “Magnolia’s Steripath device has […]

Filed Under: Blood Management, Business/Financial News, Funding Roundup Tagged With: Horizon Technology Finance Corp., Magnolia Medical Technologies

UPDATE: Magnolia Medical files another suit against Kurin

March 14, 2019 By Fink Densford

Updated to include a response from Kurin. Magnolia Medical Technologies said yesterday that it filed another legal action against blood-culture-focused device developer Kurin, this time claiming the company has infringed on patents related to its Steripath technology. The Seattle-based company asserts that Kurin is infringing upon four patents related to its Steripath blood collection technology […]

Filed Under: Blood Management, Legal News, Patent Infringement Tagged With: kurin, Magnolia Medical Technologies

Owens & Minor taps former Thermo Fisher CCO Pesicka as prez, CEO | Personnel Moves – February 27, 2019

February 27, 2019 By Fink Densford

Owens & Minor (NYSE:OMI) said this month that it named former Thermo Fisher Scientific chief commercial officer Edward Pesicka as its new prez & CEO, effective March 4. Pesicka will replace interim prez & CEO Robert Sledd, who will continue to serve as board chair, the Richmond, Va.-based company said. Prior to his position as chief […]

Filed Under: Business/Financial News, Featured Tagged With: AliveCor, Anaconda Biomed, cathworks, cirtronics, Deerfield Management, IsoRay, Magnolia Medical Technologies, mcginleyorthopedics, Owens and Minor, SurModics Inc., Thermo Fisher Scientific, Xtant Medical, Zimmer Biomet

Magnolia Medical closes $20m Series C

January 30, 2019 By Fink Densford

Magnolia Medical Technologies said today that it closed a $20 million Series C financing round slated to help grow the company’s infrastructure and market initiatives to meet demand for its Steripath Gen2 initial specimen diversion device. The next-generation device, launched last August, features mechanical initial specimen diversion and improved usability based on input from end […]

Filed Under: Blood Management, Business/Financial News Tagged With: Magnolia Medical Technologies

Magnolia Medical launches Steripath Gen2 system

August 31, 2018 By Fink Densford

Magnolia Medical Technologies said yesterday it launched its Steripath Gen2 blood collection system. The next-generation device features mechanical initial specimen diversion and improved usability based on input from end users, the Seattle-based company said. “Our team is very pleased with the 83 percent reduction in blood culture contamination we have achieved using Steripath. Based on this […]

Filed Under: Blood Management, Business/Financial News Tagged With: Magnolia Medical Technologies

Magnolia Medical, Kurin trade lawsuits

August 17, 2018 By Fink Densford

Magnolia Medical Technologies said yesterday it filed a lawsuit against blood-culture-focused device developer Kurin claiming the company “mischaracterized its clinical data as well as the functionality and ease of use of its device.” The suit comes in response to a similar suit filed by Kurin in the Southern District of California in May which claimed […]

Filed Under: Blood Management, Legal News Tagged With: kurin, Magnolia Medical Technologies

Lombard Medical CEO Hubbert, CFO Kullback step down | Personnel Moves, April 28, 2017

April 28, 2017 By Fink Densford

Lombard Medical Technologies (NSDQ:EVAR) said this month that its CEO Simon Hubbert and CFO William Kullback are stepping down from their positions, with Kurt Lemvigh stepping into the CEO role. Hubbert served as CEO for 6 years after joining the company in 2010, and will be replaced by Lemvigh, who has held positions with multiple companies, including […]

Filed Under: Business/Financial News Tagged With: Accuray Inc., becton dickinson, Boston Scientific, Cardiac Sciences Corp., ConMed Corp., Fresenius, GE Healthcare, lombardmedical, Magnolia Medical Technologies, ReWalk Robotics, Senseonics, Toshiba

Magnolia Medical raises $7m to support Steripath system

April 6, 2017 By Fink Densford

Magnolia Medical Technologies said today it raised $7.3 million in a new round of funding to support its Steripath blood collection system. The SteriPath vacuum-assisted blood collection system is designed to divert and sequester contaminants from the initial blood sample specimen to eliminate “false positive” blood culture test results from patients with suspected sepsis, the […]

Filed Under: Blood Management, Business/Financial News Tagged With: Magnolia Medical Technologies

Magnolia Medical raises $13.8m

July 13, 2016 By Fink Densford

Seattle-based Magnolia Medical Technologies said today it raised $13.8 million in a Series B round of financing to support the commercialization of its SteriPath blood collection system. Magnolia produces the SteriPath vacuum-assisted blood collection system designed to divert and sequester contaminants from the initial blood sample specimen, according to the company’s website. The SteriPath unit […]

Filed Under: Blood Management, Business/Financial News Tagged With: Magnolia Medical Technologies

Next-gen blood collection device maker Magnolia Medical raises $1.4m

March 14, 2016 By Fink Densford

Seattle-based Magnolia Medical Technologies brought in $1.4 million in a new round of debt financing and looks to bring in another $1.6 million before closing the round, according to an SEC filing posted last week. Magnolia produces the SteriPath vacuum-assisted blood collection system designed to divert and sequester contaminants from the initial blood sample specimen, […]

Filed Under: Blood Management, Business/Financial News Tagged With: Magnolia Medical Technologies

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