Medsphere raises $12 million for electronic health records
Turning the U.S.’s rickety paper-based system of health records into a state-of-the-art electronic one is no pretty task.
But someone’s got to do it.
Medsphere Systems Corporation, an open-source electronic health records provider, said it raised $12 million today to meet demand from hospitals racing to keep their eligibility for federal funds by revamping their records systems.
Carlsbad, Calif.-based Medsphere is one of several companies that are adapting VistA, or the Veteran Health Administration’s electronic medical records system, for… Continue Reading
Reactrix shutters — but interactive ads are still coming to a floor near you
Reactrix Systems, a company specializing in interactive projected advertisements in malls and movie theaters, has folded despite $75 million in venture backing. Last month, the Redwood City, Calif. company spent what remained of a $45 million fourth-round of funding received in 2006, and has so far been unable to sell off its technology and other assets, reports VentureWire.
This is a shame, considering how downright cool its premise seemed to be. Ads served by Reactrix (most… Continue Reading
Life sciences briefing: Tuesday, Nov. 20, 2007
Featured companies: American TeleCare, Gliknik, Juvaris BioTherapeutics, Medsphere Systems, Primera Biosystems
UPDATED: Expanded items on Juvaris, Medsphere, Primera, American TeleCare and Gliknik. Moved Broncus Tech and Aegerion Pharma items to an IPO roundup here.
Vaccine maker Juvaris Bio raises $12M, aims for $30M more — According to VentureWire (subscription required), this Pleasanton, Calif., vaccine maker raised $12 million in its first funding round. That appears to contradict an earlier item from PE Hub that said Juvaris BioTherapeutics had raised… Continue Reading
Reactrix raises cash for interactive advertising in malls
Updated
Reactrix, a Redwood City company that beams interactive advertising onto the floors of malls and theaters, has raised a very large $45 million to allow it to expand and attract new advertisers.
In malls, Reactrix’s product beams light down on to a rectangle mat on the floor. This lets people kick virtual footballs or other objects around on it, among other things. Big brands, such as Coca-Cola, Dockers and Hilton can place their virtual products in… Continue Reading
W5 Networks raises $12M for electronic shelf labels
W5 Networks, a Fremont start-up that provides a way for retailers to wirelessly update price labels on their shelves, has raised $12 million in a second round of funding.
Frazier Technology Ventures led the round along, with previous investors Thomas Weisel Venture Partners and U.S. Venture Partners also participating. The latest round brings W5 Networks’ total funding to $22 million.
Electronic shelf labels (ESLs) simplify the process of updating shelf price labels by allowing retailers to transmit… Continue Reading