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Financials

Latest Headlines

Latest Headlines

Game-based drug adherence app startup HealthPrize nabs Series B

Drug adherence player HealthPrize Technologies closed a Series B financing for an undisclosed amount. The company currently uses a "gamification" approach to push drug adherence, but plans to expand into other sectors of the healthcare industry.

SI-Bone raises $20M to boost U.S. sales for minimally invasive implants

Minimally invasive player SI-Bone picked up $20 million in a financing round led by Arboretum Ventures. All of its major existing investors also participated.

The top companies in med tech: 2015 revenue results

Med tech companies have found only one reliable way to boost sales--that's to buy them. The only players with sizable sales increases last year were driven by major acquisitions, according to data from Evaluate Medtech.

Aussie micro cap AirXpanders raises $15M to prep for anticipated U.S. launch in 1Q17

Australian device company AirXpanders has raised AU$20 million (US$15 million) in a private placement in anticipation of an FDA clearance--and subsequent U.S. launch in the first quarter of 2017--for its novel tissue expansion tech for women undergoing breast reconstruction after mastectomy.

A pair of med tech IPOs make it out as NantHealth, Clearside price and trade up

While there have been a smattering of biotech IPOs this year, med tech IPO activity has remained quiet. But that's changed quickly--with a $91 million IPO for precision medicine player NantHealth and another $50 million IPO for drug-device ophthalmic company Clearside Biomedical pricing on June 1.

Infusion pump maker Flowonix raises $15.5M financing

Implantable pump maker Flowonix Medical announced $15.5 million in financing on Wednesday, including $5 million in venture term debt financing and a $10.5 million investment, led by Clarus Ventures and other existing investors.

Minimally invasive device maker Spine Wave closes $11M financing

Connecticut-based spinal device maker Spine Wave announced Tuesday the closing of a new financing round totaling $11 million. The round was led by existing investors New Enterprise Associates, which has also led three previous rounds, and Acadia Woods.

Philips launches first hand-held Dx for heart attack, as lighting IPO values biz at almost $4B

Royal Philips has made moves on a couple of fronts this week. It launched its heart attack test for its handheld diagnostic device after gaining a CE mark. And it also successfully executed an IPO for its lighting business that valued the company at almost $4 billion.

Intuitive Surgical hid more than 700 injury claims, its liability insurers allege

Intuitive Surgical is still fighting to establish robot-assisted surgery as legitimate. The latest issue has been raised by its own liability insurers, Illinois Union Insurance and Navigators Specialty Insurance. They are alleging in a federal lawsuit that Intuitive Surgical hid cases of patient injury when it was applying for insurance coverage.

Varian to spin off imaging components biz as publicly traded company by year-end

Varian Medical Systems' share price is virtually unchanged from two years ago. That's despite the growing consensus that its proton therapy offers more precise and less toxic treatment for cancer patients than traditional radiation. It's now planning to spin off its imaging components business to help unlock some of that value.