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Arch, a wound care device startup, raises $7.3M

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Arch Therapeutics has reeled in $7.3 million in funding. The medical device startup, based in Cambridge, MA, is developing a synthetic peptide that can be applied to a wound to stop bleeding. MIT came up with the initial technology, Mass High Tech/ Boston Business Journal reports. As the story explains, the wound care market is growing tremendously. But Arch faces many competitors both small and large, including Choice Therapeutics, Ocular Therapeutix, Johnson & Johnson ($JNJ), Smith & Nephew ($SNN), Convatec and KCI.  Story