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Unique business news on biotech companies, new innovative medical devices

Minimally invasive weight loss device maker quietly raises $2.75 million

May 24, 2012

Although it’s trying to keep quiet about its product, a medical device startup developing a new treatment for obesity revealed this week it’s in the middle of raising $5.5 million. According to a recently filed U.S. Securities and Exchange Commission document, Vibrynt Inc. has raised half of a $5.5 million offering from five investors. Vibrynt’s [...]

Unique business news on biotech companies, new innovative medical devices

Freedom Meditech submits 510(k) for disease-detection eye scanner

October 13, 2011

Freedom Meditech has submitted a 510(k) application for regulatory clearance of its medical device that can be used to detect chronic disease. The company’s ClearPath DS-120 Lens Fluorescence Biomicroscope noninvasively scans the eye to identify patients with signs of degenerative changes in the lens of the eye, according to a statement from San Diego-based Freedom [...]

Unique business news on biotech companies, new innovative medical devices

Merck chairman to retire, company gets approval for diabetic-cholesterol drug

October 7, 2011

Richard T. Clark, chairman and former CEO of Merck & Co. of Whitehouse Station, New Jersey, will retire from the company and its board of directors effective Dec. 1 . Kenneth C. Frazier, the current president and CEO, will become the new chairman. Frazier joined the drug company in 1992 as general counsel. He presided [...]

Unique business news on biotech companies, new innovative medical devices

Thermalin Diabetes targets $8M series B investment, eyes clinical trials

September 28, 2011

Next-generation insulin developer Thermalin Diabetes is targeting an $8 million series B round of investment that would fund the first in-human studies of its insulin analogs. A successful clinical trial — though a long way off for the Cleveland-based company — would represent a huge milestone for Thermalin. CEO Rick Berenson said a positive trial [...]

Unique business news on biotech companies, new innovative medical devices

Blood glucose technologies company Glytec raises $8.2M

September 19, 2011

Glytec, a company whose technology helps diabetics monitor and manage their blood glucose levels, has raised $8.27 million in equity financing that the company will use to support growth in the United States and abroad, as well as for continued research and development. According to securities filings, the glycemic management systems company’s parent targeted the [...]

Unique business news on biotech companies, new innovative medical devices

Mobile health IT startup has ambitious plans for wellness network

August 31, 2011

A mobile health IT startup from Youngstown, Ohio has ambitious plans to lead the development of a wellness network that would connect patients, restaurants, grocery stores, health insurance companies, employers and doctors. Wellness Integrated Network (WIN) aims to use the massive amounts of data that would be housed on its network to develop diet plans [...]

Unique business news on biotech companies, new innovative medical devices

Diabetes support network launches ‘Diabetes University’ online classes

August 12, 2011

An online diabetes support network has added an education program that it hopes will fill what it calls a gap in helping diabetic patients manage their condition. The new “Diabetes Daily University” will offer both free and paid classes, with its first class called “Workshop for Better Blood Sugars” that will be taught by a [...]

Unique business news on biotech companies, new innovative medical devices

Insulin pump hacking not a threat, Medtronic says

August 10, 2011

Medtronic Inc. (NYSE:MDT) isn’t in an uproar over recent reports of a hacked insulin pump that could discretely deliver dangerous doses of insulin to a wearer. “To our knowledge, there has never been a single reported incident outside of controlled laboratory experiments in more than 30 years of device telemetry use, which includes millions of [...]

Unique business news on biotech companies, new innovative medical devices

Walking Your Way to Better Health

July 27, 2011

A path to better health and wellness can be as easy as putting one foot in front of the other. That is one of the ideas behind the innovative and creative “Walk with a Doc” program created by Ohio State Medical Association (OSMA) member David Sabgir, MD, a Columbus cardiologist. The program encourages increased healthy [...]

Unique business news on biotech companies, new innovative medical devices

Takeda, Furiex try again in a post-Avandia diabetes drug world

July 26, 2011

A type 2 diabetes drug hopefully thought of as a potential blockbuster before stalling amid safety concerns is now taking another shot at approval. Takeda Pharmaceuticals (TYO:4502), which is partnered with Morrisville, North Carolina-based Furiex Pharmaceuticals (NASDAQ:FURX) on the diabetes drug candidate alogliptin, has filed two new drug applications for the compound with the U.S. [...]