Firms in Minnesota’s Medical Alley raised $117 million during the 3rd quarter, bringing their total year-to-date funding to $335.8 million, the trade group reported today. Medical Alley, which rebranded from LifeScience Alley in January, reported that 77 companies from the region completed funding rounds in 2016, matching 2015’s numbers between the 1st and 3rd quarters. “Medical Alley continues to […]
In 1995, the average time to a successful exit for a medical device startup was about 3 years, according to Rotational Medical CEO Martha Shadan. Now, Shadan said, it can range from 6 to 9 years and cost as much as $50 million. Shadan suggested that the increase in exit time is probably due to […]
Over the course of her 30 year career in medtech, IBM Watson Health general manager Deborah DiSanzo has been a firsthand witness to the effects of gender imbalance within the industry. She started as a project manager for Apollo Computer, and after Apollo was bought by Hewlett-Packard, DiSanzo recalled there were plenty of women working beside her. “I […]
Rotation Medical today released data from a study of its bioinductive implants, designed as part of a novel rotator cuff repair system, touting the device’s ability to promote new connective tissue. Data came from a retrospective biopsy study, with results published online in the journal Arthroscopy. The study aimed to explore the biocompatibility of the […]
Rotation Medical today released results from a study of its regenerative rotator cuff system, touting significant new tissue formation and no tear progression in patients at 24 months. The Plymouth, Minn.-based company said that results from the study were published in the Muscle, Ligaments and Tendons Journal. Rotation makes a regenerative treatment for repairing the shoulder’s rotator […]
Rotation Medical said today that it added $12 million to a Series B round that’s already brought in $27 million. Plymouth, Minn.-based Rotation makes a regenerative treatment for repairing the shoulder’s rotator cuff – a group of muscles and tendons that attach the humerus to the scapula. The system won 510(k) clearance in March 2014. The company said existing […]
By Scott Wooldridge The climate for investment in medical device companies is improving but getting tighter, as biotech and pharma horn in on the recovering economy, according to a pair of medtech CEOs speaking at last night’s DeviceTalks: Minnesota event. Entellus Medical (NSDQ:ENTL) CEO Bob White and Martha Shadan, president & CEO at Rotation Medical, spoke with LifeScience Alley CEO Shaye […]
Rotator cuff disease is one of the most common injuries in the world, with more than 3 million in the U.S. alone suffering damage to the tissues connecting muscle to bone in the shoulder. But the standard treatment for rotator cuff disease is clunky, painful and often inefficient, with an estimated 40% of patients experiencing re-tearing of […]
Minnesota-based Rotation Medical plans in coming weeks to advance its commercial efforts for its rotator cuff system thanks to the $27.2 million in raised from new and existing investors.
The oversubscribed Series B financing included backing from new investor Life Sciences Partners who co-led funding with New Enterprise Associations. New investor Pappas Ventures also joined the round among unnamed other backers.