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	<title>VentureBeat &#187; bifurcated stents</title>
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		<title>VentureBeat &#187; bifurcated stents</title>
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		<title>Life-science briefing: Wednesday, March 19, 2008</title>
		<link>http://venturebeat.com/2008/03/19/life-science-briefing-wednesday-march-19-2008/</link>
		<comments>http://venturebeat.com/2008/03/19/life-science-briefing-wednesday-march-19-2008/#comments</comments>
		<pubDate>Wed, 19 Mar 2008 12:34:13 +0000</pubDate>
		<dc:creator>David P. Hamilton</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[bifurcated stents]]></category>
		<category><![CDATA[biotechnology]]></category>
		<category><![CDATA[blood analysis]]></category>
		<category><![CDATA[deal]]></category>
		<category><![CDATA[diagnostics]]></category>
		<category><![CDATA[medical devices]]></category>

		<guid isPermaLink="false">http://venturebeat.com/2008/03/19/life-science-briefing-wednesday-march-19-2008/</guid>
		<description><![CDATA[<p><strong>TODAY&#8217;S HEADLINES:</strong></p>

Paris-based Stentys takes $18M for &#8220;bifurcated&#8221; stents <em>(release)</em>
Blood analyzer IntelliDx raises $22M <em>(PDF release)</em>
Cancer-test biotech Calderome changes name to VeraCyte <em>(VentureWire)</em>
Predictive Biosciences names Peter Klemm as CEO <em>(release)</em>

<p><strong>Paris-based Stentys takes $18M for &#8220;bifurcated&#8221; stents </strong>&#8230;</p><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&amp;blog=342986&amp;post=89922&amp;subd=venturebeat&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>TODAY&#8217;S HEADLINES:</strong></p>
<ul>
<li><a href="http://www.businesswire.com/news/home/20080319005080/en" target="_blank">Paris-based Stentys takes $18M for &#8220;bifurcated&#8221; stents</a> <em>(release)</em></li>
<li><a href="http://venturebeat.com/wordpress/wp-content/uploads/2008/03/intellidx-series-d-press-release.pdf">Blood analyzer IntelliDx raises $22M</a> <em>(PDF release)</em></li>
<li><a href="http://www.venturebeat.com">Cancer-test biotech Calderome changes name to VeraCyte</a> <em>(VentureWire)</em></li>
<li><a href="http://www.businesswire.com/news/home/20080319005248/en" target="_blank">Predictive Biosciences names Peter Klemm as CEO</a> <em>(release)</em></li>
</ul>
<p><a href="http://venturebeat.files.wordpress.com/2008/03/stentys-logo-150px.gif" title="stentys-logo-150px.gif" target="_blank"><img src="http://venturebeat.files.wordpress.com/2008/03/stentys-logo-150px.gif" alt="stentys-logo-150px.gif" /></a><strong>Paris-based Stentys takes $18M for &#8220;bifurcated&#8221; stents &#8211;</strong> <a href="http://www.stentys.com/" target="_blank">Stentys</a>, a Paris-based medical device maker, raised <a href="http://www.businesswire.com/news/home/20080319005080/en" target="_blank">$18 million in a second funding round</a>. The company is developing &#8220;bifurcated&#8221; stents intended to prop open clogged arteries at blood-vessel junctions.</p>
<p>The startup said the funding will allow it to complete clinical trials of its stents and to win European regulatory approval for them. Stentys doesn&#8217;t seem to have given any indication whether or when it might seek approval in the U.S. or other markets as well.</p>
<p><a href="http://venturebeat.com/wordpress/wp-admin/Scottish%20Equity%20Partners" class="fund">Scottish Equity Partners</a> and <a href="http://venturebeat.com/wordpress/wp-admin/Sofinnova%20Partners" class="fund">Sofinnova Partners</a> provided the funding.</p>
<p><a href="http://venturebeat.com/wordpress/wp-content/uploads/2008/03/intellidx-logo-150px.gif" title="intellidx-logo-150px.gif" target="_blank"><img src="http://venturebeat.files.wordpress.com/2008/03/intellidx-logo-150px.gif" alt="intellidx-logo-150px.gif" /></a><strong>Blood analyzer IntelliDx raises $22M &#8211;</strong>It&#8217;s starting to look like Diabetes Week here at VentureBeat LifeScience.</p>
<p>IntelliDx (no Web site), a <strike>Boston </strike>Santa Clara, Calif., startup with a new type of blood-sugar analyzer for hospitalized diabetics, raised <a href="http://venturebeat.com/wordpress/wp-content/uploads/2008/03/intellidx-series-d-press-release.pdf">$21.5 million in a fourth funding round</a> (PDF link). Investors included <a href="http://venturebeat.com/wordpress/wp-admin/HLM%20Venture%20Partners" class="fund">HLM Venture Partners</a>, <a href="http://venturebeat.com/wordpress/wp-admin/3i%20Ventures" class="fund">3i Ventures</a>, <a href="http://venturebeat.com/wordpress/wp-admin/Giza%20Ventures" class="fund">Giza Ventures</a>, <a href="http://venturebeat.com/wordpress/wp-admin/Ascend%20Ventures" class="fund">Ascend Ventures</a>, <a href="http://venturebeat.com/wordpress/wp-admin/Aurum%20Ventures" class="fund">Aurum Ventures</a>, <a href="http://venturebeat.com/wordpress/wp-admin/Sequel%20Venture%20Partners" class="fund">Sequel Venture Partners</a> and <a href="http://venturebeat.com/wordpress/wp-admin/Hunt%20BioVentures" class="fund">Hunt BioVentures</a>.</p>
<p>IntelliDx makes a chemical sensor-based blood analyzer for use in hospital intensive-care units. Much like <a href="http://venturebeat.com/2008/03/18/life-science-briefing-tuesday-march-18-2008/">the Luminous Medical spectroscopic blood-glucose analyzer</a> we covered yesterday, the IntelliDx device aims to monitor blood sugar hourly in diabetic patients. The idea, again, is to keep a closer eye on hyperglycemia in a critical-care setting, since runaway blood glucose often increases the chance of complications and lengthier hospital stays.</p>
<p><strong>Cancer-test biotech Calderome changes name to VeraCyte &#8211;</strong> Calderome, a stealthy cancer-test startup in South San Francisco, has <a href="http://www.venturewire.com" target="_blank">changed its name to VeraCyte</a> (no Web site), VentureWire reports. The new name presumably reflects the company&#8217;s <a href="http://venturebeat.com/2008/03/11/life-science-briefing-tuesday-march-11-2008/">focus on cell-based cancer diagnostics</a>, as we described last week.</p>
<p>The VentureWire story goes on to reprise VeraCyte&#8217;s $12 million fundraising, which we also covered last week. VeraCyte has two employees, and recently extended job offers to three other individuals, the news service reported.</p>
<p><strong>CORRECTED:</strong> The IntelliDx item initially located the company in Boston, not Santa Clara. The company&#8217;s release was datelined Boston because it originated with HLM Ventures. Apologies for the error.</p>
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