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India’s Perfint, medical-device co., raises $3.5M — Perfint, a Chennai, India-based producer of medical equipment, raised $3.5 million in a new funding round.
IDG Ventures India and Erasmus Venture Fund provided the cash. IDG supplied the bulk of the investment — $3 million — with Erasmus providing the rest.
Perfint’s first product, the PIGA-CT, is a tool positioner for minimally invasive procedures. The PIGA-CT is designed to work with a variety of compact CT scanners for image-guided positioning.
Source MDx strikes Pfizer partnership to ID cancer, inflammation “fingerprints” — Source MDx, a Boulder, Colo., developer of molecular diagnostics, struck a multi-year partnership with Pfizer. The two companies will identify and validate “biomarkers” — essentially, any sort of biochemical signal, such as levels of a particular protein or RNA snippet — that can be used to track the effect of a drug or predict the course of disease.
The collaboration will focus on Pfizer’s cancer and inflammation drug-development programs. Financial details weren’t disclosed, although Pfizer will make an equity investment in Source MDx and pay both a technology licensing fee and R&D costs. Source MDx will retain commercial rights to diagnostic biomarkers discovered and validated by the partnership.