Minnetronix Medical announced today that healthcare investment firm Altaris Capital Partners has acquired the majority share of the company. Altaris, which actively manages $4.9 billion of equity capital, had been a minority investor in Minnetronix since 2015. The St. Paul, Minn.-based contract manufacturer declined to reveal the amount of the new investment. “Throughout our relationship with […]
Minnetronix Medical
Minnetronix lands NIH grant to study spinal fluid treatment tech
Minnetronix Medical today announced that it has been awarded a National Institutes of Health (NIH) grant for continued study of its proprietary Neurapheresis cerebrospinal fluid treatment platform. Akin to hemodialysis, the Neurapheresis platform is designed to rapidly remove blood cells and their cytotoxic byproducts that are released into cerebrospinal fluid following an aneurysmal subarachnoid hemorrhage. Get […]
Minnetronix Medical wins FDA clearance for neurosurgical access port
The FDA has cleared Minnetronix Medical‘s MindsEye neurosurgical access port for deep brain surgeries, the company announced today. The clearance represents an expansion beyond the St. Paul, Minn.–based contract manufacturer’s traditional offerings. “This extension of our business represents an additional way to partner with customers. We have the opportunity to offer them products they can […]
Foxconn to produce Medtronic ventilators in new Wisconsin plant
Medtronic (NYSE:MDT) CEO Omar Ishrak said yesterday that the medtech giant is partnering with Foxconn Technology Group to manufacture ventilators at Taiwan-based Foxconn’s plant in Wisconsin to treat the sickest COVID-19 patients. In an interview with CNBC, Ishrak said he didn’t know how many ventilators the deal will produce, but said production will begin in the […]
Nortech, Minnetronix may start building ventilators
Two Minnesota medtech contract manufacturers are taking a hard look at producing ventilators, including one from the plans that Medtronic made public last week to address the coronavirus outbreak. Maple Grove-based Nortech Systems (NSDQ:NSYS) told Medical Design & Outsourcing it is seriously considering starting to produce the machines based on the design specifications of Medtronic’s Puritan Bennett 560 (PB 560) […]
Nuvectra files for Chapter 11 protection
Nuvectra (NSDQ:NVTR) announced that it filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Plano, Texas–based neurostimulation company filed the petition earlier this week in the U.S. Bankruptcy Court for the Eastern District of Texas. Nuvectra said it plans to use the court-supervised bankruptcy process to review its options […]
Minnetronix Medical picks president Jeremy Maniak as new CEO
Minnetronix Medical (St. Paul, Minn.) said today that current president Jeremy Maniak will take over as the company’s CEO in February 2020. The nine-year veteran of Minnetronix is slated to succeed the company’s founder Richard Nazarian. Nazarian founded Minnetronix in 1996 along with 3M veterans Dirk Smith and Jon Pierce, growing the medical device contract […]
BioSig lands $1M investment from Mayo Clinic
Cardiac arrhythmia-detection startup BioSig Technologies (NSDQ:BSGM) has received nearly $1 million in financing from the Mayo Clinic after working with the healthcare organization for two years. BioSig recently completed first-in-human studies at the Rochester, Minn.-based clinic aimed at validating the safety and efficacy of its Pure EP system during mapping and ablation procedures in a cardiac EP lab. Patient […]
DeviceTalks Boston: Here’s a sampling of exhibitors
Join the hundreds of people attending DeviceTalks Bostonthis week, and you’ll see dozens of exhibitors representing a strong sampling of the medical device supplier network supporting New England and the U.S. in general. Here are some examples of interesting exhibitors to see at the show>>
Minnetronix Neuro inks Neurapheresis Consortium deal with Duke
Minnetronix Medical’s Neuro division said today it joined with Duke University to co-found The Neurapheresis Consortium, which aims to accelerate the advancement of Neurapheresis Therapy intended to treat patients with diseases affecting the central nervous system. The company’s Neurapheresis therapy system is a minimally invasive platform which includes a dual lumen catheter designed to be […]
Minnetronix touts completion of Neurapheresis hemorrhagic stroke trial
Minnetronix’s Neuro division said today they completed the first trial of its Neurapheresis Therapy system exploring its use in treating patients suffering from aneurysmal subarachnoid hemorrhage. The company’s Neurapheresis Therapy system is a minimally invasive platform which includes a dual lumen catheter designed to be placed in the lumbar spine to filter contaminated cerebral spinal […]
