Funding: Medical device companies raise $70M | Wall Street Beat

Wed, 09/05/2012 - 11:27am
Mass Device

Four medical device companies raise more than $70 million recently, with investors backing technologies ranging from a laser scalpel to a pancreatic stent. Wall Street Beat

Four medical device companies reeled in more than $70 million in recent weeks, to develop technologies including a laser scalpel for minimally invasive surgeries, a peripheral vessel stapler, a thermal ablation system and a biliary stent.

Cambridge, Mass.-based OmniGuide led the charge with a $35 million round from Orbimed Advisors. OmniGuide chairman Yoel Fink told in 2010 that the device uses the mirror technology he pioneered at the Mass. Institute of Technology in the 1990s.


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