The Medical Device Business Journal — Medical Device News & Articles | MassDevice
Cardiosolutions Inc. landed about half of what it hopes will amount to a $6.5 million fundraising round, pulling in $3.3 million from eight un-named investors, according to a regulatory filing.
The Stoughton, Mass.-based company is a spinout from contract manufacturer STD Med, which early last year bought a new, 32,000-square-foot cleanroom to house Cardiosolutions and sister firm Spirus Medical Inc.
Health IT company OnPoint Medical Diagnostics Inc. could be the silver lining of the collapsed Minnesota incubator Healthcare IP Partners.
The organization fell to pieces in less than two years after trying to commercialize Mayo Clinic technology, such as the kind used by OnPoint.
Most of the incubator’s five spinoffs have uncertain futures.
