Life sciences briefing: Wednesday, Jan. 30, 2008
TODAY’S HEADLINES:
Arbor Surgical raises $20M for heart devices (release)
Small Bone Innovations acquires ankle-replacement maker Link America (release)
Active Implants adds $3M for hip and knee implants (VentureWire)
Clarian Health Partners launches VC unit with $25M (release)
Iroko Pharma acquires non-U.S. rights to Merck heart drug (release)
Remmele Engineering acquires medical-device manufacturer EL-Tronic Precision (release)
OpGen appoints former Affymetrix exec Noel Doheny as CEO (release)
Arbor Surgical raises $20M for heart devices – Arbor Surgical, an Irvine, Calif., medical-device maker, raised $20 million… Continue Reading
Medical Carbon Research recapitalizes with $32M, renames itself
Medical Carbon Research Institute, a Austin, Tex., developer of mechanical heart valves, raised $32 million in debt, revenue interest and royalty conversion in a recapitalization that the company said eliminated most of its debt. MCRI also renamed itself after its leading product candidate, and will now be known as On-X Life Technologies.
Among those contributing to the recapitalization were Paul Capital Healthcare, PTV Sciences and several existing investors.
On-X makes and sells a pure-carbon heart-valve replacement called… Continue Reading