Surgical device company secures $7M | Minnesota’s impressive Q1 | Ripple effect

HealthTech

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…

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Medical innovation hub concept spreading | Biomedical research at Pitt | Cancer research

Health Research

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…

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A tool for detecting depression | Telehealth certificate programs

HealthTech

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…

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OFFOR Health lands $9M | Healium lands NFL prize | New H-STEM complex in Michigan

HealthTech

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…

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My One Medical raises $1.1M | Autigen partners with Boehringer Ingelheim

HealthTech

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…

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Lilly’s obesity drug shows promise | Hydrogel for slowing tumor recurrence

HealthTech

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…

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Blue Spark raises $40M | Innovation One expands | Novant Health launches incubator

HealthTech

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…

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Test can detect infectious diseases in minutes | Exosuits that can prevent back strain

FLyover Future HealthTech

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…

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AI and cognitive impairment | Physician performance measured in data

Imaging robot

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.…

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Mayo Clinic research in space | Streamlining cancer diagnostics | New biolab comes to Kansas

HealthTech

Mayo Clinic research in space ROCHESTER, MN—Mayo Clinic research will be onboard in the next mission to space. Larry Connor, a Mayo Clinic benefactor, will pilot the first-ever all-civilian flight to the International Space Station, bringing onboard Mayo Clinic research and civilian astronauts to study senescence (biological aging) in space. Streamlining cancer diagnostics in real…

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$4.5M for dialysis tech launch | $15M gift supports cancer research

HealthTech

$4.5M for dialysis tech launch ST. PAUL, MN–Medtech company Phraxis, Inc., has raised $4.5 million to launch its new dialysis tech InterGraft–an easily implanted device that decreases the number of surgeries a dialysis patient must undergo. Phraxis plans to build its inventory and pursue FDA 510(k) clearance to go to market. $15M gift supports cancer…

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Purdue’s groundbreaking treatment for prostate cancer | AI improves care for diabetes

Purdue’s new therapy for prostate cancer WEST LAFAYETTE, IN–Groundbreaking research from Purdue professor Philip Low, at the Purdue University College of Science’s Department of Chemistry, laid the foundation for a new precision, targeted therapy for advanced prostate cancer. The treatment has been granted approval by the U.S. Food and Drug Administration. Screening voices for evidence…

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Gravie raises $75M | Apollo Neuro lands $15M

HealthTech

$75M raised for health benefits company MINNEAPOLIS, MN—Health benefits company Gravie has raised $75 million in a Series E round of financing led by Georgian, a fintech for growth-stage software companies. Other participating investors include FirstMark Capital, AXA Venture Partners, Split Rock Partners and Revelation Partners. The capital will be used to fuel Gravie’s growth…

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Wugen launches clinical trial for cancer drug | Duke studies brain changes

HealthTech

Clinical trial for cancer drug ST. LOUIS, MO–Clinical-stage biotechnology startup Wugen, which has raised more than $200 million in venture funding, has launched a clinical trial for one of its cancer-fighting therapies—the drug WU-CART-007. Wugen has dosed the first patient in the initial phase of a clinical trial focused on studying the drug’s treatment of…

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Nice Healthcare closes on $30M | AI genomics company lands $20M

HealthTech

In this feature, we share a variety of announcements covering health tech funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. $30M funding round for Nice Healthcare MINNEAPOLIS, MN–Nice Healthcare, which specializes in providing healthcare benefits to small and medium-sized businesses, has closed a $30 million…

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Defining opioid dosages | New hope for Glioblastoma patients

FLyover Future HealthTech

Genetic markers in movement disorders CINCINNATI, OH–Movement disorders include a range of conditions affecting the nervous system, with more rare disorders increasingly found to be caused by genetic mutations. University of Cincinnati researchers are expanding a study to learn more about the genetic markers of these movement disorders. Technology that can prevent patient falls PEORIA, IL–VirtuSense…

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Egg Medical secures $13M | Simulating how diseases spread

HealthTech

In this feature, we share a variety of announcements covering health tech funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. Reducing scatter radiation exposure MINNEAPOLIS, MN—Egg Medical has secured $13 million in a financing round led by TVM Capital Life Science to accelerate the commercialization…

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No. 2 hospital in the world | Heart transplant milestone

HealthTech

Cleveland Clinic ranked second best hospital in the world CLEVELAND, OH—Cleveland Clinic has been ranked as the No. 2 hospital in the world again by Newsweek’s World’s Best Hospitals 2022 list. The rankings are based on three data sources: online surveys of more than 80,0000 medical experts from around the world; results from publicly available…

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