HealthTech

Artio Medical has closed on a hefty $28 million fund.

Mercy Health – Springfield Regional Medical Center announced that it has become the first in the Midwest to treat patients with Loop-X, a new mobile imaging robot used in spine and brain surgery. I

CareBridge closes on $140M NASHVILLE, TN—Two-year-old healthcare firm CareBridge has closed on a $140 million round of funding led by existing investor Oak HC/FT, with participation from managed Medicaid plans Optum Ventures, CVS Ventures, Anthem Inc. and HLM Venture Partners. CareBridge’s services are aimed at assisting low-income seniors, disabled people, and others in need of…

Using sound pulses instead of surgery for liver cancer MILWAUKEE, WI–A clinical trial at the Medical College of Wisconsin may offer new hope to people with liver cancer. The potentially groundbreaking tech, called histotripsy, involves using sound pulses instead of a scalpel to treat tumors and is drawing in patients from around the world. Trial…

Oracle closes $28M deal with Cerner KANSAS CITY, MO–Oracle has completed its $28 billion acquisition of Electronic Health Records vendor Cerner. “Oracle’s Autonomous Database, APEX low-code development tools, and voice-enabled user interface enable us to rapidly modernize Cerner’s systems and move them to our next-generation cloud,” said Mike Sicilia, executive vice president of industries at…

Skin patch can detect opioid overdose BLOOMINGTON, IN–Feng Guo and Ken Mackie, two researchers from Indiana University, are developing a wearable device that can both detect and treat an opioid overdose as it happens. Their microneedle skin patch project is in its early stages, but recently received $3.8 million in federal funding. Opioid overdose algorithm…

Eli Lilly expands in Indiana INDIANAPOLIS, IN–Eli Lilly announced that it will build a pair of pharmaceutical manufacturing plants in Boone County, Indiana, with the goal to become a research and development park similar to North Carolina’s Research Triangle Park. The plants will occupy a 7,000-acre tract that the Indiana Economic Development Corp. bought earlier…

Duke University’s new imaging approach DURHAM, NC–Duke University researchers have developed a new imaging approach that breaks long-standing speed and resolution barriers in brain imaging technologies and could uncover new insights into neurovascular diseases like stroke, dementia, and even acute brain injury. Sonic beam therapy to be tested MINNEAPOLIS, MN–HistoSonics, the developer and manufacturer of…

Chimerix to sell smallpox vaccine DURHAM, NC–Almost a year after getting approval from the FDA, biopharmaceutical company Chimerix plans to sell its lone product, a smallpox treatment called Tembexa, to Emergent BioSolutions, Inc. in a deal worth up to $337.5 million. Chimerix, which plans to use the money to pursue cancer treatments, will receive $225…

Eli Lilly’s diabetes drug approved INDIANAPOLIS, IN–The FDA has approved Eli Lilly’s new medication for Type 2 diabetes. Mounjaro is the first new class of type 2 diabetes medication introduced in almost a decade. Mounjaro is expected to be available in the United States in the coming weeks. Team studies prostate cancer screening CLEVELAND, OH–The…

Surgical device company secures $7 million in funding CINCINNATI, OH–Cincinnati-based Standard Bariatrics, Inc. closed a debt facility on April 27, 2022, with Silicon Valley Bank (SVB). The debt facility provides $7 million in term loans, of which the first $4 million was funded at closing. The funding will be used to accelerate commercial efforts for…

Medical innovation hub concept spreading FLYOVER COUNTRY–Partly because of pandemic-related pressures, healthcare and hospital systems are devoting resources to creating their own innovation hubs, aiming to improve care wherever it is delivered. Allegheny Health Network in Pittsburgh has invested $5 million in AlphaLab Health, giving lab space and funding to startups. Froedtert and Medical College…

Depression measurement tool INDIANAPOLIS, IN—A large international study of the clinical measurement tool PHQ-9 shows that it accurately indicates the presence (or lack) and severity of depression, assisting in a diagnosis. Kurt Kroenke, M.D., a co-author of the new study, is the developer of the PHQ-9, a Regenstrief Institute Research Scientist, and an Indiana University…

Clinical services startup lands $9M COLUMBUS, OH—OFFOR Health, a company that brings mobile anesthesiologists and on-site clinical services into dental and medical practices, landed $9 million in a Series A funding round. AXA Venture Partners led the Series A round, with MBX Capital, SpringRock Ventures, and LOUD Capital also investing in the startup. The Series…

Platform that connects patients to lab test collections raises $1.1M CLEVELAND, OH–My One Medical Source, a web-based platform that connects labs, patients, employers and clients who need access to skilled labor for their lab test collections, raised $1.1 million in a seed round. The funding was led by Jumpstart Ventures. The capital will be used…

Lilly shows great results with obesity drug INDIANAPOLIS, IN—Eli Lilly has announced that its experimental drug for obesity helped patients lose up to 22.5% of body weight in a large clinical trial. The drug, tirzepatide, has been closely watched by medical professionals and is viewed by financial analysts as a possible blockbuster. CX innovation in…

Temperature-monitoring patch CLEVELAND, OH—Blue Spark Technologies offers a patented innovation in a continuous, real-time body temperature monitoring patch that gives healthcare providers a way to monitor patients for fever spikes for up to 72 hours. The company has raised a $40 million intellectual property-based debt solution to fund growth led by GT Investment Partners, which…

Faster infectious disease detection OLATHE, KS–Lab tests that detect infectious diseases can take hours to deliver results. In 2018, former Navy Seal Sean McIntosh launched Foothold Labs, which offers a portable diagnostic system that can detect infectious diseases in saliva within five to eight minutes. Exosuits and back strain NASHVILLE, TN– Karl Zelik, an associate…

Cincy sunlight tech licenses to NASA spinoff CINCINNATI, OH—Being inside too much can throw off our circadian clock, leading to trouble sleeping, overeating, and depression. Richard Lang, Ph.D., director of the visual systems group at Cincinnati Children’s, has been studying the role natural sunlight plays for over a decade. His research sparked the idea to…

AI algorithm developed at Purdue and IU DANVILLE, PA—Along with Japanese pharmaceutical company Eisai, Geisinger Health System will study the potential of artificial intelligence by testing the effectiveness of an algorithm to identify individuals with cognitive impairment who may develop dementia. The algorithm was developed and tested by researchers at Purdue University and Indiana University.…