Money Flowing In March For Medtechs

Here is a link to a post at Advanced Medical Technologies: Medtech Financings In Excess of $359 Million In March 2009. Some of the companies receiving large amounts of funding include:

  • Medigus raises $52 million in IPO (endoscopic system for treatment of GERD)
  • Ardian, Inc., has received $47 million in new financing from Medtronic, Advanced Technology Ventures, Split Rock Partners, and Emergent Medical Partners (a developer of catheter-based treatment for hypertension)
  • Link Medicine lands $40M in Series C round (treatments addressing misfolded neurotoxic proteins causing neurodegenerative diseases like Alzheimer’s and Parkinson’s)

  • Pathway Medical lands generous $40M to treat arterial disease (non-invasive catheter to remove arterial blockages)

  • CircuLite Completes Initial Close on $33 Million Series C Financing Plan (micro-pump for partial circulatory support in patients with heart failure)

  • NeoMatrix, Inc. adds $1.2 million to $30 million previously raised in Series C round (non-invasive breast screening device)
  • Atritech, Inc., has completed a $30 million round of financing (products for treatment of atrial fibrillation and embolic protection)
  • Cardima, Inc. (CRDM) Completes $20 Million Private Placement (device company focused on the treatment of atrial fibrillation)

Exciting to see a variety of technologies for a variety of treatments at various stages.

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