BRIGHTON - FlexDex Surgical has completed a $5 million Series B financing round that will be used to commercialize the company’s first product, fund development of a second-generation device and a create a catalogue of instruments for laparoscopic surgery. Financing was led by current investors and included the co-founders, board members, individual investors and distributors.
ANN ARBOR - Michigan's biosciences industry saw significant gains according to a new report with some 44,277 jobs, a gain of almost 2,400 since the last findings in 2014. The report, TEConomy/BIO The Value of Bioscience Innovation in Growing Jobs and Improving Quality of Life 2016 Report was released Tuesday during the annual BIO International
KALAMAZOO - Stryker Corp. has completed its acquisition of defibrillator maker Physio-Control International Inc. and two other major deals. The $1.28 billion cash deal was announced in mid-February and completed Tuesday. Physio-Control makes monitors/defibrillators, automated external defibrillators and CPR-assist devices. The Redmond. Wash.-based emergency medical response company also provides data management and support services. It
TROY - Automation Alley has been awarded $45,000 from the Business Accelerator Fund to assist local tech startup Halley Orthopedics. Halley Orthopedics, recently named Startup of the Year at Automation Alley’s 15th Annual Awards Gala, is improving patient lives and helping transform the U.S. healthcare system with its X10 integrated recovery system for knee patients.
ANN ARBOR - Blaze Medical Devices has been awarded a $150,000 Phase I Small Business Innovation Research grant from the Food and Drug Administration, in collaboration with University of Michigan Health System Center for Circulatory Support. The focus of this grant is to study damage to patients’ red blood cells caused by left ventricular assist
