Minnesota-based orthotics company Rotation Medical appointed Martha Shadan as the new president & CEO.
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Health care seed investment sees sharp Q1 drop | Funding roundup
The share of healthcare investment dollars going to early stage deals dropped sharply in the first quarter of this year to its lowest level in five quarters.
In the first quarter of 2011, just 1 percent of healthcare venture deals involved seed-stage companies, according to a report from New York research firm CB Insights.
That compares with 6 percent of the deals the prior quarter and 3 percent in last year’s first quarter.
Rotation Medical spins up $4 million
Mysterious Minnesota biotech firm Rotation Medical Inc. raised nearly $3.9 million from an equity sale, according to a regulatory filing.