Life-science briefing: Tuesday, March 18, 2008
TODAY’S HEADLINES:
Luminous Medical raises $24M for automated glucose monitoring (release)
Alimera Sciences gets $30M for eye-disease drug (release)
Vaccine maker LigoCyte draws $28M (release)
Heartbeat tracker CardioNet trims IPO, aims for listing today (IPOhome)
Axial Biotech takes in $6M for spinal diagnostics (release)
Insulin bioengineer enGene receives $6.4M (release)
GlucoLight raises funding for, well, glucose monitoring (release)
Germany’s InflaRx gets seed funding for sepsis work (release)
Cell imager Amnis pulls in $3.5M (VentureWire)
Korea Bone Bank gets funding for bone transplants (release)
Luminous Medical raises… Continue Reading
SquareOne raises $8M more for artery stents
SquareOne, a secretive Campbell, Calif. artery ostial stent company (no Web site), has raised $8 million in a third round of financing as it looks to launch initial trials, VentureWire reports (sub required).
Three Arch Partners led the round, contributing $4 million, VentureWire reported. Onset Ventures put in $3 million, while Finistere Ventures and existing angels contributed $500,000 each.