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FUNDING
Medical device and diagnostics companies are always looking for ways to improve their products and services. In the ever-changing landscape of the healthcare industry, it’s essential for these companies to stay ahead of the curve. That’s why funding is always news.
Series A, B, and other rounds of funding are essential for medical device and diagnostics companies. They provide the necessary capital to help these businesses grow and innovate. And with so many investors interested in this space, there are plenty of opportunities for companies to secure the funding they need.
Orthonika Awarded £1.34 Million Innovate UK Grant
“There is currently no widely available treatment solution that allows patients to return to a pain-free active lifestyle following meniscectomy,” said Maria Kristina Bartolo, Ph.D., Chief Technology Officer at Orthonika. “We are delighted that Innovate UK has recognised the potential for our novel total meniscus replacement to fulfill a significant unmet clinical need and further promote joint preservation.”
Dr Peter Staats, Chief Medical Officer at National Spine and Pain, Joins the Neuralace Medical Advisory Board
Dr Peter Staats brings extensive expertise to the company and will collaborate with the advisory board and Neuralace Medical to contribute valuable insights and strategic guidance.
Manus Neurodynamica Secures £2.6m
The funding will allow Manus Neurodynamica to continue its launch into the EU pharmacy retail sector, focused on prevention screening, and global clinical markets, helping to differentiate between Parkinson’s and other movement disorders, aiding the patient pathway and reducing costs.
RedDress Raises $26 Million to Give Patients the Power to Heal Chronic Wounds Using Their Own Blood
“Healing is in our blood, and we are grateful for the continued support from our investors as we advance our mission of supplying healthcare providers with an effective solution to treat chronic and complex wounds through an innovative system that harnesses the power of patient’s own blood,” said Alon Kushnir, CEO and co-founder at RedDress.
Artelon, Inc. Secures $20M in Funding to Advance Surgical Treatment of Joint Instability
The financing will fund the commercial growth of Artelon, clinical research, and expansion of Artelon’s product line for surgical treatment of ankles and other joints.
Aptamer Group, Bioliquid Innovative Genetics and Anima Design Awarded Eurostars Grant
As part of a consortium, Aptamer Group with it’s partners will develop a new medical device for improved non-invasive prenatal testing and the diagnosis of placental disease.
Hyperfine, Inc. Receives Grant for an Additional Three Years to Utilize Innovative Swoop® Portable MR Imaging® System in Low and Middle-Income Countries
Dr. Khan Siddiqui, Chief Medical Officer at Hyperfine, Inc. “This investment will fill a critical role in providing an affordable, scalable method for directly evaluating the efficacy of interventions to improve infant and child health and neurodevelopment.”
Singaporean Telehealth Platform ORA Raises $10 Million USD Series A to Modernise Healthcare in the Region
ORA is the fastest-growing and biggest vertically-integrated telehealth platform in South East Asia delivering over 250,000 consultations and has experienced uninterrupted monthly growth since its 2021 launch.
MSKai Releases Innovative Lumbar Spine MRI Segmentation and Measurement Artificial Intelligence Technology
“Artificial Intelligence is rapidly integrating into healthcare,” said Adam Bruggeman, MD, chief medical officer of MSKai. “The ability to accurately and consistently identify and measure spine anatomy will lead to further efficiencies for patients and providers in the practice of spine surgery.”