Pathway Medical Technologies, Inc. recently announced that it has secured a $40 million Series D round of financing, reports DeviceSpace. Raising such a large amount of capital is a rare achievement for a medical device venture, particularly in today’s tough economic climate.
A new study by Abbott Laboratories found that their drug-coated stent, Xience V, is more effective in the long term than a competitor’s. According to the Wall Street Journal, the data showed that rates of major cardiovascular events plateaued at 6.4% in the second and third years after Xience was implanted.
The Medical Device Manufacturers Association (MDMA) 2009 Annual Meeting will bring together executives from innovative medical technology companies and healthcare’s most influential and respected decision makers. Please plan to join the MDMA in our Nation’s Capital for a meeting that stimulates new ideas, offers solutions and promotes innovation in the changing spectrum of medical technology.
Look out, Spider-Man. A British company has reproduced the silk that spider webs are made out of, for use in repairing bone and joint injuries. Spidrex tissue scaffolds, developed by Oxford Biomaterials, work in tandem with the body’s ability to heal itself…
It sounds like something out of a sci-fi film: microscopic robots that can be injected into the bloodstream to perform surgical procedures. This futuristic concept is closer to reality than one might think. Researchers at Australia’s Monash University have created tiny surgical microbots to treat conditions including stroke and arterial blockage.
Patients who dread traditional blood tests (and the accompanying needles) may one day have reason to rejoice. San Diego device company TearLab is developing a point-of-care diagnostic test that uses tears to identify disease-indicating protein biomarkers.
Solid tumors represent 85 percent of all cancers, creating a huge clinical need for localized, site-specific cancer treatment. Inovio Medical Corporation of San Diego is developing DNA-based vaccines that harness the body’s immune system to prevent and treat chronic diseases such as cancer and HIV.
Center have created a test that could help doctors identify which breast cancer patients need aggressive therapy. The study, published in the online version of Clinical Cancer Research, could prevent many women from undergoing unnecessary chemotherapy or radiation treatment.
After 40-plus years since the biotechnology industry began, it finally turned a profit in 2008. Yet this “good news” story has been overshadowed by the […]
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