Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon‘s Torax Medical business today released results from the Caliber trial of its Linx system for treating gastro-esophageal reflux disease, touting quality of life improvements and reduction in reflux levels. The Linx system is an implant composed of interlinked titanium beads with magnetic cores that augments the esophageal sphincter’s barrier […]
Ethicon closes Torax Medical buy
Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon said today it closed its acquisition of Torax Medical, and its Linx acid reflux treatment portfolio, for an undisclosed amount. The Linx system from Shoreview, Minn.-based Torax is an implant composed of interlinked titanium beads with magnetic cores that augments the esophageal sphincter’s barrier function to prevent reflux in patients […]
J&J’s Ethicon to buy Torax Medical
Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon agreed to buy Torax Medical and its Linx acid reflux treatment for an undisclosed amount. J&J, which got in on a $25 million funding round for Torax last year, said the deal is “consistent with Ethicon’s strategy of advancing innovation and investing in areas of unmet medical needs such as esophageal […]
Firms in Minnesota’s Medical Alley raised $117m in Q3
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 […]
J&J gets in on $25m Torax Medical Series E
Torax Medical recently updated on the $25 million Series E round it 1st announced in an SEC filing in late July, saying the round was led by Johnson & Johnson Innovation. Funds from the round are slated to commercially scale its platform of products used to treat chronic diseased related to weak sphincter muscles, including […]
Torax Medical raises $25m
Torax Medical raised $25 million in a new round of equity financing, according to an SEC filing posted today. Torax develops the Fenix magnetic continence restoration system, which is made up of a series of magnetic titanium beads that are implanted in the anal sphincter to minimize the involuntary opening of the anal canal. The system […]
Torax touts 1st US use of Fenix incontinence system
Torax Medical said today that the 1st U.S. implantation of its Fenix magnetic continence restoration system was performed late last week. The Fenix system is made up of a series of magnetic titanium beads that are implanted in the anal sphincter to minimize the involuntary opening of the anal canal. The system comes with a tool to size the […]
Torax wins FDA HDE clearance for Fenix incontinence system
Torax Medical said today its Fenix continence restoration system won FDA Humanitarian Device Exemption approval for treating fecal incontinence. The Fenix system is made up of a series of magnetic titanium beads that are implanted in the anal sphincter to minimize the involuntary opening of the anal canal. The system comes with a tool to size the […]
Torax wins FDA nod for Fenix incontinence treatment system
Torax Medical said the FDA granted premarket approval for its Fenix continence restoration system designed to treat fecal incontinence in patients who are not candidates for, or have failed with other options to treat the issue. The Fenix system is made up of a series of magnetic titanium beads that are implanted in the anal sphincter […]
Torax touts Linx GERD study
Torax Medical said today that data from a new study of its Linx reflux management system reported the treatment to be as effective as the standard-of-care Laproscopic Nissen Fundoplication treatment. The Linx system is an implant composed of interlinked titanium beads with magnetic cores that augments the esophageal sphincter’s barrier function to prevent reflux in patients with gastro-esophageal […]
Torax Medical wins FDA nod for MRI compatible Linx
Torax Medical said today that it won FDA approval for the next generation of its Linx reflux management system with MRI compatibility. The Linx system is an implant composed of interlinked titanium beads with magnetic cores that augments the esophageal sphincter’s barrier function to prevent reflux in patients with gastro-esophageal reflux disease, the St. Paul, […]
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