The Medical Alley Association announced that its startups recorded a record-setting year with $1.4 billion in fundraising in 2020. Having broken the $1 billion barrier in 2019, the region topped that mark by the third quarter, raising nearly another half-million by the end of the year, according to a news release. Bright Health and Bind […]
Medical Alley Association
5 medtech companies win coveted Tekne awards
Five medtech companies recently won some of the top technology awards in the state of Minnesota, known as one of three major medical device hubs in the U.S. The companies competed for the Minnesota Technology Association annual Tekne Awards, which included categories ranging from artificial intelligence and machine learning to “technology for good.” Get the full story on […]
Joe Biden’s plan for COVID-19 and how the industry is reacting
Following the weekend’s news that Joe Biden is now president-elect of the U.S., plenty of focus is shifting to his plan for COVID-19. While positive news regarding Pfizer and BioNTech’s vaccine candidate came through this morning, the pandemic is still roaring on, with the U.S. hitting a record 128,000 new cases on Saturday as the […]
Medical Alley companies raise $1B in Q3
The Medical Alley Association announced today that, through three quarters, its member companies raised more than a record-breaking $1 billion in capital for the first time. Last year, the association’s members raised more than $1 billion over the course of a full year, but this year, the 58 member companies took just three quarters to […]
Medical Alley Association asks CMS to make it easier for breakthrough devices to win coverage
Medtech receiving a breakthrough device designation from FDA should be able to satisfy all of CMS’s non-cost criteria for transitional pass-through payments, according to the Medical Alley Association. The Minnesota-based trade group’s CEO Shaye Mandle made the proposal in comments submitted Sept. 24 in response to a proposed rule from CMS to revise the Medicare […]
How the presidential election could affect medtech
No matter who ends up in the White House, there will need to be a reckoning over how the government’s relationship with medtech has changed, according to industry insiders. It’s been a tumultuous few years for the medical device industry, with highs and lows that no one could have foreseen. President Donald Trump’s administration streamlined […]
Medical Alley startups achieve ‘relatively normal’ funding despite pandemic
Medical Alley Association member startups pulled in more than $256 million in funding through June, signaling a “relatively normal” first half of the year 2020 despite the COVID-19 pandemic and battered economy, according to the Minnesota-based trade group. In total, 40 companies raised $256,406,357 in the first 6 months of the year. The $1.75 million median […]
