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
Amedica sets IPO terms, looks to raise $80.2M for implants
Amedica, a Salt Lake City device maker focused on spine, knee and hip implants, set its IPO terms and now hopes to raise as much as $80.2 million. The company plans to sell up to 5.3 million shares at a price of $13 to $15 apiece.
You can find our previous coverage of Amedica here and here. The company is notable in part because it listed the threat of government healthcare reform as a “risk factor”… Continue Reading
Active Implants, pliable hip-device maker, raises $6.7M tranche
Active Implants, a Memphis, Tenn., maker of hip, knee and spine implants, has raised $6.7 million of an expected $21 million second round of funding, VentureWire reports (subscription required). The company’s investors are mostly small local firms and Discure, an Israeli company from which Active Implants has licensed technology.
The company is developing implants made of unspecified “pliable” materials that are designed for possible use in patients who, for instance, might not yet qualify for a… Continue Reading