AxioMed Spine Corp. bought by new company tied to investment firm
CHUCK SODER - AxioMed Spine Corp. has a new owner, a new management team and a new ally. The struggling spinal implant developer has been acquired by a new company affiliated with an investment firm...
View ArticleSPR Therapeutics to receive $1.45 million grant from National Institutes of...
CHUCK SODER - SPR Therapeutics will receive a $1.45 million grant that it will use to develop an implantable version of its nerve stimulation system, which is used to treat post-amputation pain. The...
View ArticleInvacare CEO assumes control of its North America/Home Medical Equipment,...
CHUCK SODER - Invacare’s new CEO is taking over the company’s struggling North America/Home Medical Equipment segment as well as its Institutional Products Group. Matthew Monaghan, who became CEO of...
View ArticleJuventas Therapeutics raises $13.5 million for clinical trials
TIMOTHY MAGAW - Juventas Therapeutics, a Cleveland-based clinical-stage company developing regenerative therapies for treatment of cardiovascular diseases, has secured $13.5 million in financing to...
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Invacare names CEO Matthew Monaghan as chairman of its board of directors
SCOTT SUTTELL - Invacare Corp. CEO Matthew E. Monaghan has been further cemented in the medical products company’s corporate governance structure. Elyria-based Invacare (NYSE: IVC) said its...
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Steris to contest FTC's attempt to block Synergy Health deal
Chuck Soder - Federal regulators aim to stop Mentor-based Steris Corp. from acquiring Synergy Health — a $1.9 billion deal that would technically turn Steris into a British company. The U.S. Federal...
View ArticleMedtronic acquires CardioInsight of Cleveland in $93 million deal
Chuck Soder - Medtronic has acquired CardioInsight of Cleveland in a deal valued at $93 million. The local company’s technology is designed to diagnose electrical abnormalities affecting the heart....
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Mal Mixon to retire from Invacare board of directors
Scott Suttell - Invacare Corp. (NYSE: IVC) announced its founder, A. Malachi Mixon III, is accelerating his retirement from the Elyria company’s board of directors. The maker of home and long-term...
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Cleveland Clinic spinout raises $1.7 million in seed capital to develop...
Chuck Soder - A Cleveland Clinic spinout that has raised $1.7 million in seed capital. Centerline Biomedical of Cleveland will use the money to continue developing and testing its surgical navigation...
View ArticleSTERIS Corp., Synergy Health push back shareholder votes on proposed $1.9...
Scott Suttell - STERIS Corp. (NYSE: STE) and Synergy Health are still awaiting word on their challenge to the U.S. Federal Trade Commission’s blocking of their proposed $1.9 billion merger, and...
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Synapse Biomedical to work with international partners to commercialize...
Chuck Soder - Synapse Biomedical will be working with several international partners to commercialize a fully implantable version of the neurostimulation technology that the company was founded upon....
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Surgical Theater raises $9 million from Chinese venture capital firm,...
Chuck Soder - Surgical Theater has raised $9 million from a Chinese venture capital firm and electronics giant HTC Corp. — a deal that could help the Mayfield Village company become a player in the...
View ArticleInvacare lays off 34 employees, including 20 in Elyria and North Ridgeville
Chuck Soder - Invacare has laid off 34 people, including about 20 positions in Elyria and North Ridgeville, according to Lara Mahoney, director of corporate communications. The move will allow the...
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