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	<title>spinal-implants &amp;laquo; WordPress.com Tag Feed</title>
	<link>http://en.wordpress.com/tag/spinal-implants/</link>
	<description>Feed of posts on WordPress.com tagged "spinal-implants"</description>
	<pubDate>Thu, 23 May 2013 09:24:56 +0000</pubDate>

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<title><![CDATA[How to Know About the Types of Bone Screws Used?]]></title>
<link>http://orthopedicimplant.wordpress.com/2012/10/09/know-about-the-types-of-bone-screws-used/</link>
<pubDate>Tue, 09 Oct 2012 09:15:06 +0000</pubDate>
<dc:creator>Orthopedic Implant</dc:creator>
<guid>http://orthopedicimplant.wordpress.com/2012/10/09/know-about-the-types-of-bone-screws-used/</guid>
<description><![CDATA[The invention of medical screws brought a ray of hope in the orthopedic industry. Now repair of brok]]></description>
<content:encoded><![CDATA[<p><img class="alignright" src="http://pimg.tradeindia.com/00436932/b/3/Orthopaedic-Bone-Screws.jpg" alt="http://pimg.tradeindia.com/00436932/b/3/Orthopaedic-Bone-Screws.jpg" />The invention of medical screws brought a ray of hope in the orthopedic industry. Now repair of broken bones is no big hassle in emergency cases. Most medical professionals know the use of such screws which are used to keep the broken bones intact in a human body. This allows healing of the new bone cell growth. An important point to note is that certain kind of screws work for particular types of fractures. Depending on the intensity of bone injury bone screws remain in human body for lifetime without creating any kind of complication. While others can be removed once the bone fracture gets healed.</p>
<p>Some people are often curious to know which type of <a href="http://orthopedicimplantsmanufacturer.com/bone-screws.html">Bone Screws</a> will be used for their orthppedic surgery. Time and again newest inventions have been reported in the field of surgical screws. If your doctor has suggested for a particular kinds of surgey then you can easily know which type of screws will be used in the entire process.</p>
<p>The other way is to locate the name of the doctor that performed surgery by going through the medical records. If this does not suffice your purpose then you can always check the medical hospital records ask them about it. You can also place your request in wrtiting.</p>
<p>Then you can contact the doctor and find out which screws used in your surgery? Alternatively you can also contact the doctor&#8217;s office to know about the type of screws used. The most common bone screws are cortex screw, <a href="http://orthopedicimplantsmanufacturer.com/">Orthopedic Plates</a>. cancellous screw, self-tapping screws and malleolar screw. You can also gather information about these screws from the official website of teh concerened doctor or any other medical facility.</p>
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<title><![CDATA[Teleflex to Sell OEM Orthopedics Business for $45.2 Million]]></title>
<link>http://nanotechnews.wordpress.com/2012/07/19/teleflex-to-sell-oem-orthopedics-business-for-45-2-million/</link>
<pubDate>Thu, 19 Jul 2012 10:48:26 +0000</pubDate>
<dc:creator>vascoteixeira</dc:creator>
<guid>http://nanotechnews.wordpress.com/2012/07/19/teleflex-to-sell-oem-orthopedics-business-for-45-2-million/</guid>
<description><![CDATA[07/18/2012 &#8212; LIMERICK, Pa.&#8211;(BUSINESS WIRE)&#8211; Teleflex Incorporated (NYSE: TFX), a l]]></description>
<content:encoded><![CDATA[07/18/2012 &#8212; LIMERICK, Pa.&#8211;(BUSINESS WIRE)&#8211; Teleflex Incorporated (NYSE: TFX), a l]]></content:encoded>
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<title><![CDATA[Medical Billing Firm Accused Of Bilking Santa Clara Co. On Spinal Implant Costs]]></title>
<link>http://sanfrancisco.cbslocal.com/2012/04/26/medical-billing-firm-accused-of-bilking-santa-clara-co-on-spinal-implant-costs/</link>
<pubDate>Thu, 26 Apr 2012 15:26:27 +0000</pubDate>
<dc:creator>Joe Rogers</dc:creator>
<guid>http://sanfrancisco.cbslocal.com/2012/04/26/medical-billing-firm-accused-of-bilking-santa-clara-co-on-spinal-implant-costs/</guid>
<description><![CDATA[SAN JOSE (CBS SF) &#8211; A company that professes to helps patients cover the cost of expensive spi]]></description>
<content:encoded><![CDATA[<p>SAN JOSE (CBS SF) &#8211; A company that professes to helps patients cover the cost of expensive spinal implants overbilled Santa Clara County taxpayers by tens of thousands of dollars and pocketed the profits, according to prosecutors.</p>
<p>The Santa Clara County District Attorney’s Office said top executives of San Francisco-based <a href="http://implantium.homestead.com/" target="_blank">Implantium</a> submitted fraudulent invoices for spinal implants sought by government employees in order to receive compensation far beyond the cost of the medical devices.</p>
<p><strong>KCBS’ Matt Bigler Reports:</strong><br />
[audio_link url="http://www.podtrac.com/pts/redirect.mp3/nyc.podcast.play.it/media/d0/d0/d1/d0/dD/dJ/d4/10DJ4_4.MP3" name="Medical Billing Company Accused of Bilking San Jose For Spinal Implants" artist="Matt Bigler"]</p>
<p>Implantium CEO Trudy Maurer and Tigram Shahsuvarya, the firm’s medical director, each face nine felony fraud charges in connection with the scheme.</p>
<p>The firm buys implant devices from manufacturers and supplies them to hospitals, where they are implanted into the backs of injured workers.</p>
<p>Implantium bills workers&#8217; compensation insurance carriers for the devices and is allowed by law to make $250 profit per device.</p>
<p>Prosecutors say invoices were altered up to tens of thousands of dollars.</p>
<p>Maurer and Shahsuvarya have yet to enter pleas. The charges carry up to 13 years in prison and $450,000 in fines.</p>
<p>(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)</p>
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<title><![CDATA[Medtronic 2Q Profit Rises On Favorable Comparison]]></title>
<link>http://minnesota.cbslocal.com/2011/11/22/medtronic-2q-profit-rises-on-favorable-comparison/</link>
<pubDate>Tue, 22 Nov 2011 14:16:46 +0000</pubDate>
<dc:creator>Alison Lorge</dc:creator>
<guid>http://minnesota.cbslocal.com/2011/11/22/medtronic-2q-profit-rises-on-favorable-comparison/</guid>
<description><![CDATA[WASHINGTON (AP) — Medtronic Inc., the world&#8217;s largest medical device maker, reported higher-th]]></description>
<content:encoded><![CDATA[<p><strong>WASHINGTON (AP) —</strong> Medtronic Inc., the world&#8217;s largest medical device maker, reported higher-than-expected earnings Tuesday as overall sales edged up despite continuing pressure on the company&#8217;s best-selling heart and spine implants.</p>
<p>For more than a year Medtronic has reported weaker sales of its two leading franchises, heart defibrillators and spinal implants. Tighter hospital budgets, reduced procedures and safety concerns have led doctors to implant fewer devices.</p>
<p>But the Minneapolis-based company said revenue rose 3 percent in its second fiscal quarter to $4.13 billion, helped by sales of heart valves, stents and other products.</p>
<p>For the most recent quarter, the company reported net income of $871 million, or 82 cents per share, compared with $566 million, or 52 cents per share, in the same quarter last year. That period was weighed down by a massive legal settlement related to defective heart defibrillators.</p>
<p>Excluding one-time expenses, the company would have earned $898 million, or 84 cents per share, in the most recent period.</p>
<p>Those results topped analyst expectations for earnings of 82 cents per share on revenue of $4.07 billion. Analysts had speculated Medtronic might scale back its full-year revenue guidance, but the company said it still expects earnings of between $3.43 and $3.50 per share for fiscal 2012.</p>
<p>Its shares rose $1.33, or 4 percent, to $34.60 in premarket trading.</p>
<p>Revenue in Medtronic&#8217;s portfolio of cardiovascular devices increased 1 percent to $2.21 billion, with sales of pacemakers and heart valves making up for weaker sales of implantable heart defibrillators. Revenue from those heart-zapping devices, used to treat heart failure, fell 8 percent to $708 million. Medtronic and other device makers have seen profits drop since the Department of Justice began investigating alleged overuse of defibrillators in January.</p>
<p>Revenue from the company&#8217;s spine business fell 3 percent to $839 million. In June that business took a major publicity blow after a medical journal alleged that the company downplayed the risks of its InFuse spinal repair protein. The implant, which is approved to treat degenerative spinal disk disease, had sales of approximately $800 million in the last fiscal year. But Medtronic said Tuesday sales declined 16 percent in the last quarter.</p>
<p>Medtronic said sales of diabetes treatments and surgical tools helped offset weak spinal sales.</p>
<p>International sales rose 6 percent to $1.83 billion, accounting for 44 percent of total sales for the quarter.</p>
<p>(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)</p>
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<title><![CDATA[Release of Cobalt and Chromium Ions Into the Serum]]></title>
<link>http://earlsview.com/2011/06/25/release-of-cobalt-and-chromium-ions-into-the-serum/</link>
<pubDate>Sat, 25 Jun 2011 04:36:35 +0000</pubDate>
<dc:creator>earlstevens58</dc:creator>
<guid>http://earlsview.com/2011/06/25/release-of-cobalt-and-chromium-ions-into-the-serum/</guid>
<description><![CDATA[Overview The release of cobalt and chromium ions into serum is well known &#8211; but what has not b]]></description>
<content:encoded><![CDATA[<h3>Overview</h3>
<p>The release of cobalt and chromium <a class="zem_slink" title="Ion" href="http://en.wikipedia.org/wiki/Ion" rel="wikipedia">ions</a> into serum is well known &#8211; but what has not been topical in the Press is the same release occurs when <a class="zem_slink" title="Cobalt-chrome" href="http://en.wikipedia.org/wiki/Cobalt-chrome" rel="wikipedia">cobalt chrome</a> is used for other medical prostheses &#8211; such as for the spine &#8211; see the scientific paper below.</p>
<p>Excerpts of Note:</p>
<blockquote><p>Lhotka <em>et al</em> showed that the concentrations of metal ions for chromium and cobalt 4 years after THA were 50 times higher for cobalt and up to 100 times higher for chromium ions compared with a control group.<sup><a>[13]</a></sup></p>
<p>Maezawa <em>et al</em> also detected a statistically significant rise in the concentration of Cr ions in the serum from 1.05 to 1.61 μg/L within 3 years in 44 patients, following implantation of metal-on-metal total hip endoprostheses (Metasul).<sup><a>[14]</a></sup></p></blockquote>
<blockquote><p>Conversely, the study group of Brodner <em>et al</em> showed a constant concentration of Co ions in the serum over 5 years after the implantation of Metasul Co-28Cr-6Mo-0.2C metal-on-metal hip endoprosthetics.<sup><a>[3]</a></sup></p></blockquote>
<blockquote><p>The concentrations of cobalt and chromium ions in the serum as measured in our study amounted on average to 4.75 μg/L for cobalt and 1.93 μg/L for chromium. These values are similar or higher than the values shown in the literature following implantation of total hip endoprosthetics.<sup><a>[3,11,14]</a></sup></p></blockquote>
<p>Table 1. Concentrations of Cobalt and <a class="zem_slink" title="Chromium" href="http://en.wikipedia.org/wiki/Chromium" rel="wikipedia">Chromium</a> Ions for the Group of Patients 14.8 Months After <a class="zem_slink" title="Implantation" href="http://en.wikipedia.org/wiki/Implantation" rel="wikipedia">Implantation</a> of the Maverick TDA and for the <a class="zem_slink" title="Scientific control" href="http://en.wikipedia.org/wiki/Scientific_control" rel="wikipedia">Control Group</a>.</p>
<p><a href="http://earlstevens58.files.wordpress.com/2011/06/co-cr-conc-spinal.jpg"><img class="size-full wp-image-584" title="Co &#38; Cr conc spinal" src="http://earlstevens58.files.wordpress.com/2011/06/co-cr-conc-spinal.jpg?w=402&#038;h=296" alt="Table 1. Concentrations of Cobalt and Chromium Ions for the Group of Patients 14.8 Months After Implantation of the Maverick TDA and for the Control Group" width="402" height="296" /></a></p>
<p>From <a href="http://www.medscape.com/index/list_4884_0">Spine</a></p>
<h2><span style="color:#008000;">Release of Cobalt and Chromium Ions Into the Serum Following Implantation of the Metal-on-Metal Maverick-Type Artificial Lumbar Disc (Medtronic Sofamor Danek)</span></h2>
<p id="authors">Alexander Zeh, MD*; Michael Planert, MD*; Gabriele Siegert, MD†; Peter Lattke, <a class="zem_slink" title="Doctor of Philosophy" href="http://en.wikipedia.org/wiki/Doctor_of_Philosophy" rel="wikipedia">PhD</a>; Andreas Held, MD*; Werner Hein, MD*</p>
<p id="postingdate">Posted: 03/27/2007; Spine. 2007;32(3):348-352. © 2007 <a class="zem_slink" title="Lippincott Williams &#38; Wilkins" href="http://www.lww.com" rel="homepage">Lippincott Williams &#38; Wilkins</a></p>
<p><a href="http://dl.dropbox.com/u/29303475/Cobalt/Release%20of%20Cobalt%20and%20Chromium%20Ions%20-%20Artificial%20Lumbar%20Disc.pdf" target="_blank">Download full Article here</a></p>
<h3>Abstract</h3>
<p><strong>Study Design:</strong> Cross-sectional study of 10 patients to measure the serum levels of cobalt and chromium after TDA.</p>
<p><strong>Objectives:</strong> To investigate the release of cobalt and chromium ions into the serum following implantation of the metal-on-metal Maverick-type artificial lumbar disc.</p>
<p><strong>Summary of Background Data:</strong> In total hip endoprosthetics and consequently for TDA (total disc arthroplasty), metal-on-metal combinations are used with the aim of reducing wear debris. In metal-on-metal TDA the release of metal ions has until now been secondary to the main discussion.</p>
<p><strong>Materials and Methods:</strong> We investigated the serum cobalt and chromium concentration following implantation of 15 Maverick TDAs (monosegmental L5-S1, n = 5; bisegmental L4-L5 and L5-S1, n = 5; average age, 36.5 years). Five healthy subjects (no metal implants) acted as a control group. The measurements of the metals were carried out using the HITACHI Z-8200 AAS polarized Zeeman <a class="zem_slink" title="Atomic absorption spectroscopy" href="http://en.wikipedia.org/wiki/Atomic_absorption_spectroscopy" rel="wikipedia">atomic absorption spectrometer</a> after an average of 14.8 months.</p>
<p><strong>Results:</strong> The concentrations of cobalt and chromium ions in the serum amounted on average to 4.75 μg/L (SD, 2.71) for cobalt and 1.10 μg/L (SD, 1.24) for chromium. Compared with control group, both the chromium and cobalt levels in the serum showed significant increases (Mann-Whitney <em>U</em> test, <em>P</em> = 0.0120). At follow-up,the Oswestry Disability Score was on average significantly decreased by 24.4 points (L5-S1) (<em>t</em> test, <em>P</em> &#60; 0.05) and by 26.8 points (L4-S1) (<em>t</em> test, <em>P</em> &#60; 0.05). The improved clinical situation is also represented by a significant decrease of the Visual Analog Pain Scale of 42.2 points after the follow-up (<em>t</em> test, <em>P</em> &#60; 0.05).</p>
<p><strong>Conclusion:</strong> Significant systemic release of Cr/Co was proven in the serum compared with the control group. The concentrations of Cr/Co measured in the serum are similar in terms of their level to the values measured in THA metal-on-metal combinations or exceed these values given in the literature. Long-term implication of this metal exposure in unknown and should be studied further.</p>
<p>Technorati Tags: <a href="http://technorati.com/tag/Chrome%20Poisoning%20" rel="tag">Chrome Poisoning </a>, <a href="http://technorati.com/tag/Cobalt%20Ions" rel="tag">Cobalt Ions</a>, <a href="http://technorati.com/tag/Metal%20Ions" rel="tag">Metal Ions</a>, <a href="http://technorati.com/tag/metal%20wear%20debris" rel="tag">metal wear debris</a>, <a href="http://technorati.com/tag/metallic%20particles" rel="tag">metallic particles</a>, <a href="http://technorati.com/tag/metallic%20synovitis" rel="tag">metallic synovitis</a>, <a href="http://technorati.com/tag/metallosis" rel="tag">metallosis</a>, <a href="http://technorati.com/tag/orthopaedic%20implants" rel="tag">orthopaedic implants</a>, <a href="http://technorati.com/tag/risk%20factors" rel="tag">risk factors</a>, <a href="http://technorati.com/tag/soft%20tissue%20destruction" rel="tag">soft tissue destruction</a>, <a href="http://technorati.com/tag/surgical%20safety" rel="tag">surgical safety</a>, <a href="http://technorati.com/tag/tissue%20damage" rel="tag">tissue damage</a>, <a href="http://technorati.com/tag/wear%20debris" rel="tag">wear debris</a>, <a href="http://technorati.com/tag/Spinal%20implants" rel="tag">Spinal implants</a>, <a href="http://technorati.com/tag/chromium%20ions" rel="tag">chromium ions</a></p>
<h6 class="zemanta-related-title" style="font-size:1em;">Related articles</h6>
<ul class="zemanta-article-ul">
<li class="zemanta-article-ul-li"><a href="http://earlsview.com/2011/07/23/measuring-cobalt-and-chromium-ions/">Measuring cobalt and chromium ions</a> (earlsview.com)</li>
<li class="zemanta-article-ul-li"><a href="http://earlsview.com/2011/07/29/sadwin-doesnt-buy-the-bhr-story/">Sadwin Doesn&#8217;t buy the BHR Story &#8230;</a> (earlsview.com)</li>
<li class="zemanta-article-ul-li"><a href="http://earlsview.com/2011/07/24/metal-on-metal-hip-implants-leave-some-recipients-in-pain-at-risk/">&#8216;Metal on metal&#8217; hip implants leave some recipients in pain, at risk</a> (earlsview.com)</li>
<li class="zemanta-article-ul-li"><a href="http://earlsview.com/2011/07/23/metal-ion-measurement-as-a-diagnostic-tool-to-identify-problems-with-metal-on-metal-hip-resurfacing/">Metal Ion Measurement as a Diagnostic Tool to Identify Problems with Metal-on-Metal Hip Resurfacing</a> (earlsview.com)</li>
<li class="zemanta-article-ul-li"><a href="http://www.prweb.com/releases/prwebmiddleagedmen/rottensteinlawgroup/prweb8011032.htm">Rottenstein Law Group Warns of Increased Risk of Cardiac Danger for Middle-Aged Men Who Have Received a Recalled DePuy ASR Hip Implant</a> (prweb.com)</li>
<li class="zemanta-article-ul-li"><a href="http://www.prweb.com/releases/cobalt-chromium-toxicity/metallosis/prweb8239067.htm">Kershaw, Cutter &#38; Ratinoff Launches New Website with Information on Cobaltism, Metallosis, Cobalt &#38; Chromium Toxicity</a> (prweb.com)</li>
<li class="zemanta-article-ul-li"><a href="http://earlsview.com/2011/07/23/2747/">Cell biology surrounding metal on metal hips</a> (earlsview.com)</li>
</ul>
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<title><![CDATA[Pioneer Surgical Spinal Implants Selected By HealthTrust]]></title>
<link>http://detroit.cbslocal.com/2011/06/05/pioneer-surgical-spinal-implants-selected-by-healthtrust/</link>
<pubDate>Sun, 05 Jun 2011 20:46:42 +0000</pubDate>
<dc:creator>Matt Roush</dc:creator>
<guid>http://detroit.cbslocal.com/2011/06/05/pioneer-surgical-spinal-implants-selected-by-healthtrust/</guid>
<description><![CDATA[Marquette-based Pioneer Surgical Technology Inc. said it had won as spine implant agreement from Bre]]></description>
<content:encoded><![CDATA[<p>Marquette-based Pioneer Surgical Technology Inc. said it had won as spine implant agreement from Brentwood, Tenn.-based HealthTrust Purchasing Group L.P.</p>
<p>Pioneer Surgical will provide members of HealthTrust access to premium, cost-effective medical devices for spinal fusion, including cervical and lumbar plates, pedicle screw systems, interbody devices, and a minimally invasive lateral approach system, Cross-Fuse. Other notable products are Streamline TL, an innovative thoracolumbar spinal fixation system, and SlimFuse, a low-profile anterior cervical plate system.</p>
<p>HealthTrust Purchasing Group Tenn., is a group purchasing organization that supports nearly 1,400 not-for-profit and for-profit acute care facilities, as well as 10,600 ambulatory surgery centers, physician practices, and alternate care sites.</p>
<p>With an annual purchasing volume by its members of more than $18.1 billion, HealthTrust is committed to obtaining the best price for clinically recommended products, ensuring their timely delivery and continuously evaluating, and improving its services to the patients, physicians and clinicians it serves. The Web site is <a href="http://www.healthtrustpg.com/">www.healthtrustpg.com</a>.</p>
<p>Founded in 1992, Pioneer is a medical device firm with more than 130 United States and foreign patents with numerous patents pending. The company has a comprehensive portfolio of orthopedic, spine and biologic systems.</p>
<p>More at <a href="http://www.pioneersurgical.com/">www.pioneersurgical.com</a>.</p>
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<title><![CDATA[Auto Plant Makes Human Body Parts]]></title>
<link>http://motorsportsnewswire.wordpress.com/2010/04/25/auto-plant-makes-human-body-parts-0425107/</link>
<pubDate>Sun, 25 Apr 2010 21:57:18 +0000</pubDate>
<dc:creator>Motor Sports Newswire</dc:creator>
<guid>http://motorsportsnewswire.wordpress.com/2010/04/25/auto-plant-makes-human-body-parts-0425107/</guid>
<description><![CDATA[by: Elizabeth Prann April 23, 2010 &#8211; (Motor Sports Newswire) &#8211; A once struggling auto pa]]></description>
<content:encoded><![CDATA[<p>by: <a href="http://liveshots.blogs.foxnews.com/author/eprann/">Elizabeth Prann</a></p>
<p>April 23, 2010 &#8211; (Motor Sports Newswire) &#8211; A once struggling auto parts plant has found  new success building body parts—human body parts.</p>
<p>Turner Medical in Athens, Alabama is a large  production facility that makes spinal implants and surgical tools.  Employees at Turner take pride in the fact the products they make  improve the quality of life for thousands of trauma victims.</p>
<p><a href="http://motorsportsnewswire.files.wordpress.com/2010/04/turner.jpg"><img class="alignnone size-full wp-image-5227" title="Turner" src="http://motorsportsnewswire.files.wordpress.com/2010/04/turner.jpg?w=370&#038;h=62" alt="" width="370" height="62" /></a></p>
<p>They also know if it weren&#8217;t for their  bosses, the company wouldn&#8217;t be around today to make those products.  Formerly Turner Machine, the company used to make parts and tools for  cars. But as automotive industry jobs and factories were increasingly  outsourced to Mexico and China, the company’s sales declined and Turner  almost went under.</p>
<p>“The automotive and appliance people were  more or less looking for the cheapest price,” said Charlie Tucker, VP of  operations at Turner. ”You might do a job for them today and they would  drop you tomorrow. The medical customers seem to be a lot more loyal  they want to develop a good vendor and they work with us.”</p>
<p>Tucker said the road to success hasn’t been  an easy one.</p>
<p>“At the lowest point in our transition we  had about 30 to 35 employees,” he said.  “Our sales were down [but] once  we got into the medical manufacturing, we grew very rapidly. We went  from 35 people to about 90 people in less than three or four years.”</p>
<p>General Manager David Brackeen has been with  Turner since the late 70s, when the company started. He was 16-years  old at the time and remembers making parts for carburetors and  fenders. Brackeen says it&#8217;s hard to believe, he can barely hire  employees to keep up with the increased demand. He manages more than 90  employees who work at the 45,000 sq. foot factory. It’s a 24/7  operation.</p>
<p>&#8220;We probably doubled our staff in the past  two years because of our growth,” said Brackeen. “We paid our dues to  our customers and they rewarded us by putting a lot of work in here. I  hired two this morning.”</p>
<p>The company plans on adding more than 30  employees before the end of the year.</p>
<p>Recently, civic and business leaders  presented Turner Medical with the Alabama Small Manufacturer of the Year  Award.</p>
<p>&#8220;We take pride in what we build because it  may be used on one of us one of these days,&#8221; Brackeen said.</p>
<p>SOURCE: Fox News</p>
<p style="text-align:center;">####</p>
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<title><![CDATA[Life sciences briefing: Monday, Jan. 7, 2008]]></title>
<link>http://venturebeat.com/2008/01/07/life-sciences-briefing-monday-jan-7-2008/</link>
<pubDate>Mon, 07 Jan 2008 16:26:55 +0000</pubDate>
<dc:creator>David P. Hamilton</dc:creator>
<guid>http://venturebeat.com/2008/01/07/life-sciences-briefing-monday-jan-7-2008/</guid>
<description><![CDATA[TODAY&#8217;S HEADLINES: Surgical-device maker Aragon Surgical receives $25M (release) Tacere Therap]]></description>
<content:encoded><![CDATA[<p><strong>TODAY&#8217;S HEADLINES:</strong></p>
<ul>
<li> <a href="http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&#38;newsId=20080107005537&#38;newsLang=en">Surgical-device maker Aragon Surgical receives $25M</a> <em>(release)</em></li>
<li> <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&#38;STORY=/www/story/01-07-2008/0004731729&#38;EDATE=">Tacere Therapeutics strikes RNAi deal with Pfizer for up to $145M</a> <em>(release)</em></li>
<li> <a href="http://www.businesswire.com/portal/site/home/?epi_menuItemID=989a6827590d7dda9cdf6023a0908a0c&#38;epi_menuID=c791260db682611740b28e347a808a0c&#38;epi_baseMenuID=384979e8cc48c441ef0130f5c6908a0c&#38;ndmViewId=news_view&#38;newsLang=en&#38;div=-135556517&#38;newsId=20080107005460">Benvenue Medical raises $15M for spine-repair devices</a> <em>(release)</em></li>
<li> <a href="http://www.businesswire.com/portal/site/home/?epi_menuItemID=989a6827590d7dda9cdf6023a0908a0c&#38;epi_menuID=c791260db682611740b28e347a808a0c&#38;epi_baseMenuID=384979e8cc48c441ef0130f5c6908a0c&#38;ndmViewId=news_view&#38;newsLang=en&#38;div=-135556517&#38;newsId=20080107005298">Genome-association co. Genizon BioSciences draws C$31M</a> <em>(release)</em></li>
<li> <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&#38;STORY=/www/story/01-07-2008/0004731658&#38;EDATE=">Contract research organization Inclinix pulls in $10M</a> <em>(release)</em></li>
<li> <a href="http://www.medadnews.com/News/Index.cfm?articleid=504261">EPocrates, healthcare IT developer, gets strategic investment from Goldman Sachs</a> <em>(release)</em></li>
<li> <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&#38;STORY=/www/story/01-07-2008/0004731433&#38;EDATE=">ZyGem closes first funding round</a> <em>(release)</em></li>
<li> <a href="http://www.businesswire.com/portal/site/home/?epi_menuItemID=989a6827590d7dda9cdf6023a0908a0c&#38;epi_menuID=c791260db682611740b28e347a808a0c&#38;epi_baseMenuID=384979e8cc48c441ef0130f5c6908a0c&#38;ndmViewId=news_view&#38;newsLang=en&#38;div=-135556517&#38;newsId=20080107005094">Onset Ventures names John Ryan partner</a> <em>(release)</em></li>
<li> <a href="http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&#38;newsId=20080103006109&#38;newsLang=en">Retired Scripps immunologist Richard Ulevitch joins 5AM Ventures</a> <em>(release)</em></li>
<li> <a href="http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&#38;newsId=20080104005144&#38;newsLang=en">SV Life Sciences promotes Darren Black to partner</a> <em>(release)</em></li>
<li> <a href="http://www.businesswire.com/portal/site/home/?epi_menuItemID=989a6827590d7dda9cdf6023a0908a0c&#38;epi_menuID=c791260db682611740b28e347a808a0c&#38;epi_baseMenuID=384979e8cc48c441ef0130f5c6908a0c&#38;ndmViewId=news_view&#38;newsLang=en&#38;div=-135556517&#38;newsId=20080107005086">Medical-software maker SafeMed appoints Richard Noffsinger CEO</a> <em>(release)</em></li>
<li> <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&#38;STORY=/www/story/01-07-2008/0004732096&#38;EDATE=">Artromick, healthcare IT developer, names Williams Shields CEO</a> <em>(release)</em></li>
<li> <a href="http://www.venturewire.com">Stem-cell biotech BioE seeks $3.5M</a> <em>(VentureWire, sub req&#8217;d)</em></li>
<li> <a href="http://www.venturewire.com">Inovise raises $3.4M for heart diagnostics</a> <em>(VW)</em></li>
<li> <a href="http://www.venturewire.com">Fairway Medical pockets $1M for medical devices, aims for $10M</a> <em>(VW)</em></li>
<li> <a href="http://www.venturewire.com">Cancer-drug biotech Genspera pulls in $650K, looks for $5M more</a> <em>(VW)</em></li>
<li> <a href="http://www.venturewire.com">E-trolZ looks for $400K for electrophysiology devices</a> <em>(VW)</em></li>
</ul>
<p><a href='http://venturebeat.files.wordpress.com/2008/01/tacere-logo-150px.gif' title='tacere-logo-150px.gif'><img src='http://venturebeat.files.wordpress.com/2008/01/tacere-logo-150px.gif' alt='tacere-logo-150px.gif' /></a><strong>Tacere Therapeutics strikes RNAi deal with Pfizer for up to $145M &#8212; </strong>San Jose, Calif.-based <a href="http://www.tacerebio.com/">Tacere Pharmaceuticals</a>, a biotech developing new drugs based on the gene-silencing technique known as <a href="http://en.wikipedia.org/wiki/RNA_interference">RNA interference</a>, struck a partnership deal with <a href="http://www.pfizer.com">Pfizer</a> that could be worth up to $145 million. The company&#8217;s release is <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&#38;STORY=/www/story/01-07-2008/0004731729&#38;EDATE=">here</a>.</p>
<p>The deal involves Tacere&#8217;s leading drug candidate for hepatitis C. Known as TT-033, the drug consists of short stretches of RNA designed to trigger cellular mechanisms that shut down the activity of specific genes &#8212; an exciting but so far still unproven approach. In this case, TT-033 aims to shut down three separate parts of the hepatitis C genome, theoretically not only inactivating the virus, but also preventing the development of resistant viral strains.</p>
<p>Tacere is already co-developing TT-033 with Oncolys BioPharma of Japan, and in fact has deep Japanese roots, as the company also received its founding capital from Hokkaido Venture Capital of Sapporo, Japan. (Our coverage of the Oncolys deal is <a href="http://venturebeat.com/2007/06/22/tacere-therapeutics-sells-equity-stake-to-oncolys-biopharma-for-hepatitis-drug-development/">here</a>.) The Pfizer deal appears to be complementary to Tacere&#8217;s previous agreement, as the Big Pharma will receive worldwide rights to TT-033 excluding Asian nations. Pfizer will fund all future development of the drug, and will make milestone payments to Tacere as development proceeds. TT-033 has not yet entered human testing.</p>
<p><a href='http://venturebeat.files.wordpress.com/2008/01/aragon-sugical-logo-150px.gif' title='aragon-sugical-logo-150px.gif'><img src='http://venturebeat.files.wordpress.com/2008/01/aragon-sugical-logo-150px.gif' alt='aragon-sugical-logo-150px.gif' /></a><strong>Surgical-device maker Aragon Surgical receives $25M &#8212; </strong><a href="http://www.aragonsurgical.com/">Aragon Surgical</a>, a Palo Alto, Calif., developer of surgical instruments, <a href="http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&#38;newsId=20080107005537&#38;newsLang=en">raised $25 million</a> in a second funding round. Investors included Bay City Capital, Integral Capital Partners, Delphi Ventures and Onset Ventures.</p>
<p>Founded in 2005, Aragon develops tools and instruments intended to speed surgical procedures and to improve their safety. The company is working on two major classes of devices &#8212; <a href="http://en.wikipedia.org/wiki/Electrosurgery">&#8220;electrosurgical&#8221; instruments</a>, which use electric current to stop bleeding, remove growths and cut tissue, and tools that improve the speed and safety of minimally invasive surgeries known as laparoscopies. Last September, Aragon launched its first product, the LapCap, which guides a needle used to inflate a patient&#8217;s abdomen with gas in order to reduce the risk of inaccurate placement and injury.</p>
<p><a href='http://venturebeat.files.wordpress.com/2008/01/benvenue-logo-150px.jpg' title='benvenue-logo-150px.jpg'><img src='http://venturebeat.files.wordpress.com/2008/01/benvenue-logo-150px.jpg' alt='benvenue-logo-150px.jpg' /></a><strong>Benvenue Medical raises $15M for spine-repair devices &#8212; </strong>Mountain View, Calif.-based <a href="http://www.benvenuemedical.com/">Benvenue Medical</a>, a developer of minimally invasive devices for spine surgery, <a href="http://www.businesswire.com/portal/site/home/?epi_menuItemID=989a6827590d7dda9cdf6023a0908a0c&#38;epi_menuID=c791260db682611740b28e347a808a0c&#38;epi_baseMenuID=384979e8cc48c441ef0130f5c6908a0c&#38;ndmViewId=news_view&#38;newsLang=en&#38;div=-135556517&#38;newsId=20080107005460">raised $15 million</a> in a second funding round. Investors included Three Arch Partners, Versant Ventures and De Novo Ventures.</p>
<p>Benvenue is developing spinal implants designed for the treatment of spinal compression fractures and degenerative disk disease via spinal fusion. The company&#8217;s Web site is a stub, and it doesn&#8217;t seem to have described its technology in much detail yet.</p>
<p><strong>Stem-cell biotech BioE seeks $3.5M &#8212; </strong>St. Paul, Minn.-based <a href="http://www.bioe.com/">BioE</a>, a provider of stem-cell products for the drug and biotech industries, hopes to raise $3.5 million in a first funding round, <a href="http://www.venturewire.com">VentureWire reports</a> (subscription required). The company has so far raised $30 million from angel investors, and disclosed its plans in a regulatory filing. The funds will allow the company to commercialize lines of &#8220;multi-lineage&#8221; progenitor stem cells and a system for processing and freezing of umbilical-cord blood stem cells.</p>
<p><strong>Inovise raises $3.4M for heart diagnostics &#8212; </strong><a href="http://www.inovise.com/">Inovise Medical</a>, a Portland, Ore., developer of cardiac diagnostics, raised $3.4 million in convertible notes, <a href="http://www.venturewire.com">VentureWire reports</a>, citing a regulatory filing. The company is in the midst of fundraising for a sixth financing round. Inovise makes a non-invasive cardiac monitoring system called Audicor that records and analyzes sounds emitted by a beating heart.</p>
<p><strong>Fairway Medical pockets $1M for medical devices, aims for $10M &#8212; </strong><a href="http://www.fairwaymed.com/">Fairway Medical Technologies</a>, a Houston incubator that develops a variety of medical devices, raised $1 million from angel investors and is looking to draw another $5 million to $10 million in a first institutional round later this year, <a href="http://www.venturewire.com">VentureWire reports</a>. Founded in 1992, Fairway Medical in-licenses medical devices and ushers them through the development process.</p>
<p><strong>Cancer-drug biotech Genspera pulls in $650K, looks for $5M more &#8212; </strong>Santa Monica, Calif.-based Genspera, a biotech focused on cancer drugs, raised $650,000 in a seed round and aims to close another $5 million in funding later this quarter, <a href="http://www.venturewire.com">VentureWire reports</a>. The company plans to list its shares on the Nasdaq over-the-counter bulletin board following the financing. Genspera is working on cancer drugs using technology licensed from Johns Hopkins University.</p>
<p><strong>E-trolZ looks for $400K for electrophysiology devices &#8212; </strong>North Andover, Mass.-based <a href="http://www.e-trolz.com/">E-trolZ</a>, a developer of electrophysiology measurement devices, raised $400,000 in a follow-on to its first $1.2 million funding round, <a href="http://www.venturewire.com">VentureWire reports</a>. The company is developing components that measure various physiological signals and which can be integrated into other medical devices.</p>
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<title><![CDATA[Life sciences briefing: Thursday, Sept. 13, 2007]]></title>
<link>http://venturebeat.com/2007/09/13/life-sciences-briefing-thursday-sept-13-2007/</link>
<pubDate>Thu, 13 Sep 2007 19:45:46 +0000</pubDate>
<dc:creator>David P. Hamilton</dc:creator>
<guid>http://venturebeat.com/2007/09/13/life-sciences-briefing-thursday-sept-13-2007/</guid>
<description><![CDATA[Featured companies: Aldagen, LDR, Lyten Endoscopy, MachLabs, Permatox, TeleMedicine Clinic, ThromboV]]></description>
<content:encoded><![CDATA[<p><em><strong>Featured companies:</strong> Aldagen, LDR, Lyten Endoscopy, MachLabs, Permatox, TeleMedicine Clinic, ThromboVision</em></p>
<p><a href='http://venturebeat.files.wordpress.com/2007/09/ldr-logo.jpg' title='ldr-logo.jpg'><img src='http://venturebeat.files.wordpress.com/2007/09/ldr-logo.jpg' alt='ldr-logo.jpg' /></a><strong>Spinal-implant maker LDR raises $25M &#8212; </strong>Austin, Texas-based <a href="http://www.ldrspine.com">LDR</a>, a maker of spinal implants, <a href="http://home.businesswire.com/portal/site/home/?epi_menuItemID=989a6827590d7dda9cdf6023a0908a0c&#38;epi_menuID=c791260db682611740b28e347a808a0c&#38;epi_baseMenuID=384979e8cc48c441ef0130f5c6908a0c&#38;ndmViewId=news_view&#38;newsLang=en&#38;div=-135556517&#38;newsId=20070913005082">raised $25 million</a> in a third funding round. Investors included Telegraph Hill Partners, Austin Ventures, Rothschild Private Equity and PTV Sciences.</p>
<p>LDR sells spinal-fusion devices, artificial disks and other spine-related devices in more than 30 countries, and plans to use the funds for further expansion.</p>
<p><a href='http://venturebeat.files.wordpress.com/2007/09/aldagen-logo.jpg' title='aldagen-logo.jpg'><img src='http://venturebeat.files.wordpress.com/2007/09/aldagen-logo.jpg' alt='aldagen-logo.jpg' /></a><strong>Aldagen adds $9M for adult stem-cell work &#8212; </strong><a href="http://www.aldagen.com/index.htm">Aldagen</a>, a Durham, N.C., biotech developing regenerative therapies with &#8220;adult&#8221; stem cells, <a href="http://www.aldagen.com/download/Aldagen_Announces_Additional_Financing.pdf">raised an additional $9 million</a> (PDF link), bringing its third funding round to a total of $23 million. Investors in the additional financing include Tullis-Dickerson, CNF Investments, Harbert Venture Partners and Intersouth Partners.</p>
<p>The company&#8217;s most advanced experimental treatment uses stem cells derived from umbilical-cord blood to somehow improve the speed and effectiveness of cord-blood transplants in children, although the company doesn&#8217;t explain how. Nor has it revealed the results of an early-stage human test. Other treatments now entering clinical trials use stem or related progenitor cells isolated from a patient&#8217;s own bone marrow to treat heart failure or clot-related oxygen deprivation in the limbs.</p>
<p>The Triangle Business Journal has <a href="http://www.bizjournals.com/triangle/stories/2007/09/10/daily27.html">more</a>.</p>
<p><a href='http://venturebeat.files.wordpress.com/2007/09/thrombovision-logo.jpg' title='thrombovision-logo.JPG'><img src='http://venturebeat.files.wordpress.com/2007/09/thrombovision-logo.jpg' alt='thrombovision-logo.JPG' /></a><strong>ThromboVision raises $4M for personalized-medicine diagnostics &#8212; </strong>The Houston, Texas, biotech <a href="http://www.thrombovision.com/">ThromboVision</a> said it <a href="http://home.businesswire.com/portal/site/home/?epi_menuItemID=989a6827590d7dda9cdf6023a0908a0c&#38;epi_menuID=c791260db682611740b28e347a808a0c&#38;epi_baseMenuID=384979e8cc48c441ef0130f5c6908a0c&#38;ndmViewId=news_view&#38;newsLang=en&#38;div=-135556517&#38;newsId=20070913005751">raised $4 million</a> in a first funding round. Investors included the private-equity firm National Healthcare Services and private investors.</p>
<p>ThromboVision is developing new tests of platelet activity that may help doctors determine which patients are most likely to respond to low doses of blood thinners such as aspirin or Plavix, which are used to prevent clots that can cause heart attacks or strokes. This is similar &#8212; in concept, at least &#8212; to the FDA&#8217;s recent push to require the use of genomic tests to determine the proper dosing of warfarin, another blood thinner. (See our coverage <a href="http://venturebeat.com/2007/08/16/the-fdas-personalized-medicine-evangelism/">here</a>.)</p>
<p><strong>MachLabs launches two device companies &#8212; </strong><a href="http://www.machventures.com/">MachLabs</a>, a Redwood City, Calif., investor partnership founded by entrepreneurs Michael Laufer and John Lonergan, recently launched two medical-device startups, <a href="http://professional.venturewire.com/story.asp?sid=QHLOPMMQOPI">VentureWire reports</a> (subscription required). Lyten is developing a minimally invasive treatment for obesity, while Permatox hopes to introduce a non-invasive alternative to Botox.</p>
<p><strong>TeleMedicine Clinic receives €7M for radiology services &#8212; </strong>Barcelona-based <a href="http://www.telemedicineclinic.com/">TeleMedicine Clinic</a>, a center for the outsourced analysis of medical images such as X-rays and MRIs, <a href="http://professional.venturewire.com/story.asp?sid=IJOOIOMPOPI">raised €7 million</a> ($9.7 million), <a href="http://professional.venturewire.com/story.asp?sid=IJOOIOMPOPI">VentureWire reports</a>. Investors included Kennet Partners, Active Capital Partners and an undisclosed European seed investor.</p>
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<title><![CDATA[Life sciences briefing: Thursday, Aug. 23, 2007]]></title>
<link>http://venturebeat.com/2007/08/23/life-sciences-briefing-thursday-aug-23-2007/</link>
<pubDate>Thu, 23 Aug 2007 15:14:45 +0000</pubDate>
<dc:creator>David P. Hamilton</dc:creator>
<guid>http://venturebeat.com/2007/08/23/life-sciences-briefing-thursday-aug-23-2007/</guid>
<description><![CDATA[(UPDATED at 6:30am PT on Friday: See below.) Featured companies: DNA2.0, Globus Medical, Inotek Phar]]></description>
<content:encoded><![CDATA[<p><em>(<strong>UPDATED</strong> at 6:30am PT on Friday: See below.)</em></p>
<p><em><strong>Featured companies:</strong> DNA2.0, Globus Medical, Inotek Pharmaceuticals, Operon Biotechnologies, PleuraFlow</em></p>
<p><a href='http://venturebeat.files.wordpress.com/2007/08/globus-medical-logo.jpg' title='globus-medical-logo.jpg'><img src='http://venturebeat.files.wordpress.com/2007/08/globus-medical-logo.jpg' alt='globus-medical-logo.jpg' /></a><strong>Globus Medical raises $110M for spinal implants &#8212; </strong><a href="http://www.globusmedical.com/">Globus Medical</a>, an Audubon, Pa., developer of spinal implants, <a href="http://www.globusmedical.com/corporate_profile/press_releases/2007_08_23.php">raised $110 million</a> in a fifth financing round. Investors included Clarus Ventures, AIG SunAmerica and other large, institutional private-equity funds.</p>
<p>Some have called this the largest venture-capital funding of the year &#8212; by a grand total of $1.65. That&#8217;s one dollar and sixty-five cents. <a href="http://www.pehub.com/wordpress/?p=1374">No lie</a>. That seems to present a definitional problem of sorts, because there is only one named venture-capital firm in the deal, Clarus Ventures, which is all of two years old and has a grand total of <a href="http://www.clarusventures.com/portfolio.html">nine companies in its portfolio</a>. In addition, <a href="https://www.sunamerica.com/AboutUs/History.asp">AIG SunAmerica</a> is a veritable smorgasbord of financial services, none of which seem to include venture capital, and Globus itself says the rest of its funding comes from private equity.</p>
<p>Previous financings at Globus consisted of debt and four angel rounds, <a href="http://professional.venturewire.com/story.asp?sid=QNQHOIMLLPI">VentureWire reports</a> (subscription required). Prior to the latest funding, the company had raised $18 million in equity from angel investors and $25 million in debt from Silicon Valley Bank and Bank of America. The company plans to retire that debt this year.</p>
<p>Globus, which was founded in 2003, said the funds would fund clinical trials of &#8220;multiple innovative technologies under development.&#8221; The company claims to be one of the world&#8217;s ten largest manufacturers of spinal implants, with more than $120 million in &#8220;annualized&#8221; revenues. According to VentureWire, Globus revenues last year amounted to $82 million, a figure that may grow to $120 million this year.</p>
<p>The company also recently settled six lawsuits with <a href="http://www.synthes.com/">Synthes</a>, agreeing to pay $13.5 million to the Swiss medical-device maker and to refrain from soliciting or hiring Synthes employees for a full year. Synthes had sued Globus, which was founded by former Synthes employees, accusing it of misappropriating trade secrets. There&#8217;s more detail at the <a href="http://www.bizjournals.com/philadelphia/stories/2007/08/20/daily24.html">Philadelphia Business Journal</a> and the <a href="http://www.philly.com/philly/business/8722122.html">Philadelphia Inquirer</a>.</p>
<p><strong>UPDATE: </strong>Tom Salemi at the <a href="http://invivoblog.blogspot.com/2007/08/ready-set.html">In Vivo blog</a> has more on what the deal means for Globus in the spinal-device market. For what it&#8217;s worth, he doesn&#8217;t think this funding should be considered a venture-capital deal, either.</p>
<p><a href='http://venturebeat.files.wordpress.com/2007/08/inotek-logo.jpg' title='inotek-logo.jpg'><img src='http://venturebeat.files.wordpress.com/2007/08/inotek-logo.jpg' alt='inotek-logo.jpg' /></a><strong>Inotek receives $19M for cancer drugs &#8212; </strong>Beverly, Mass.-based <a href="http://www.inotekcorp.com/">Inotek Pharmaceuticals</a>, a biotech that aims to tackle cancer, heart disease and inflammation, <a href="http://home.businesswire.com/portal/site/home/?epi_menuItemID=989a6827590d7dda9cdf6023a0908a0c&#38;epi_menuID=c791260db682611740b28e347a808a0c&#38;epi_baseMenuID=384979e8cc48c441ef0130f5c6908a0c&#38;ndmViewId=news_view&#38;newsLang=en&#38;div=-135556517&#38;newsId=20070823005685">raised $19.3 million</a> in a third funding round. Investors included Hercules Technology Growth Capital, Meditor Capital Management, Mitsubishi UFJ Capital, Care Capital, La Caisse de dépôt et placement du Québec, MedImmune Ventures, Pitango Venture Capital, and Rho Ventures.</p>
<p>Inotek&#8217;s lead drug candidate targets an enzyme in the cellular nucleus that helps repair DNA damage. Disabling that enzyme could make it easier to kill tumor cells.</p>
<p><a href='http://venturebeat.files.wordpress.com/2007/08/dna20-logo.jpg' title='dna20-logo.jpg'><img src='http://venturebeat.files.wordpress.com/2007/08/dna20-logo.jpg' alt='dna20-logo.jpg' /></a><strong>DNA2.0 strikes artificial-DNA co-marketing deal with Operon &#8211;</strong> <a href="http://www.dna20.com/">DNA2.0</a>, a Menlo Park, Calif., biotech that bills itself as the largest U.S. provider of synthetic genes, <a href="http://www.dna20.com/news/press/aug2207.php">struck an agreement</a> with Huntsville, Ala.-based <a href="https://www.operon.com/">Operon Biotechnologies</a> under which Operon will co-market DNA2.0&#8242;s gene-synthesis services. Meanwhile, it also appears that Operaon will share its nucleic-acid synthesis technology with DNA2.0 to improve DNA2.0&#8242;s &#8220;speed of synthesis.&#8221;</p>
<p>This deal probably isn&#8217;t all that huge in and of itself, but DNA-synthesis services are likely to grow in prominence as bioengineers become ever-more versed in techniques for modifying natural genes or even creating new genes from scratch. That&#8217;s what the emerging field of &#8220;synthetic biology&#8221; is all about, and it&#8217;s definitely worth watching.</p>
<p><strong>PleuraFlow raises almost $1M for drainage device &#8212; </strong>PleuraFlow, a Bend, Ore., device startup, raised slightly under $1 million in seed financing, <a href="http://professional.venturewire.com/story.asp?sid=NMNJKPPILPI">VentureWire reports</a> (subscription required). Investors included the angel group BVC Investor, affiliated with the Bend Venture Conference, and the <a href="http://www.clevelandclinic.org/">Cleveland Clinic</a>. PleuraFlow is developing a device to improve pleural and pericardial drainage following heart surgery. The company doesn&#8217;t have a Web site.</p>
<p><strong>UPDATE</strong> (7:05pm PT): Added items on Globus Medical and Inotek.</p>
<p><strong>UPDATE REDUX</strong> (6:30am PT Friday): Expanded Globus item.</p>
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<title><![CDATA[Life sciences briefing: Friday, Aug. 17, 2007]]></title>
<link>http://venturebeat.com/2007/08/17/life-sciences-briefing-friday-aug-17-2007/</link>
<pubDate>Fri, 17 Aug 2007 20:17:02 +0000</pubDate>
<dc:creator>David P. Hamilton</dc:creator>
<guid>http://venturebeat.com/2007/08/17/life-sciences-briefing-friday-aug-17-2007/</guid>
<description><![CDATA[Featured companies: Concentric Medical, Vertebration, Vision RT, Kemeta Clotbuster Concentric Medica]]></description>
<content:encoded><![CDATA[<p><em><strong>Featured companies:</strong> Concentric Medical, Vertebration, Vision RT, Kemeta</em></p>
<p><a href='http://venturebeat.files.wordpress.com/2008/02/concentric-medical-logo.jpg' title='concentric-medical-logo.jpg'><img src='http://venturebeat.files.wordpress.com/2008/02/concentric-medical-logo.jpg' alt='concentric-medical-logo.jpg' /></a><strong>Clotbuster Concentric Medical files for $69M IPO &#8212; </strong>Mountain View, Calif.-based <a href="http://www.concentric-medical.com/">Concentric Medical</a>, which makes and markets devices for removing dangerous blood clots from the brains of stroke patients, <a href="http://edgar.sec.gov/Archives/edgar/data/1341740/000089161807000508/f31027orsv1.htm">filed to raise up to $69 million</a> in an initial offering. The company&#8217;s devices consist of catheters that are threaded into the body&#8217;s circulatory system via the femoral artery in the groin and passed into the brain to the site of the clot. There, a wire at the end of the catheter coils around the clot, permitting its removal.</p>
<p>Although Concentric&#8217;s device has been approved since 2004, the company is still losing money despite briskly expanding sales. The company posted a $6.9 million net loss in 2006, down from $9.7 million in 2004. Sales rose to $11.3 million from $2.3 million over the same period.</p>
<p>Concentric&#8217;s clot-removal device is based on technology licensed from the University of California. Among the risk factors noted by the company is the fact that the device can malfunction and sometimes causes additional injury to the delicate blood vessels of the brain. Concentric said it has submitted 82 medical-device reports to the FDA as of June 30; in 56 of those events, the device&#8217;s tip fractured, and in 22 instances a blood vessel was damaged.</p>
<p><strong>Spinal implant maker Vertebration raises $750K &#8212; </strong><a href="http://www.vertebration.com">Vertebration</a>, a Columbus, Ohio, developer of spinal implants, raised a $750,000 seed round, <a href="http://professional.venturewire.com/story.asp?sid=QHLHIPPIKPI">VentureWire reports</a> (subscription required). The funding consisted of $500,000 in venture debt arranged by NCT Ventures and a $250,000 private placement to angel investors.</p>
<p>The company may seek a first funding round of $3.5 million to $10 million later this year, according to VentureWire. Its Web site should be active next week.</p>
<p>From the VentureWire piece:</p>
<blockquote><p>Columbus, Ohio-based Vertebration plans to take its first product, a spinal implant called Xycor, to market in late October. The implant works to restore the height and space between two vertebrae or a partial vertebra through a minimally invasive procedure. Xycor received 510(k) clearance from the Food and Drug Administration earlier this year. Vertebration is developing instruments to accompany its lead product, as well as other products for the spine market.</p></blockquote>
<p><a href='http://venturebeat.files.wordpress.com/2007/08/vision-rt-logo.jpg' title='vision-rt-logo.jpg'><img src='http://venturebeat.files.wordpress.com/2007/08/vision-rt-logo.jpg' alt='vision-rt-logo.jpg' /></a><strong>Vision RT gets $500K for radiation imaging &#8212; </strong><a href="http://www.visionrt.com/">Vision RT</a>, a London-based developer of three-dimensional imaging tools for guiding radiation therapy, raised $495,725 (£250,000) from the Capital Fund, <a href="http://professional.venturewire.com/story.asp?sid=LNIPPOIJKPI">VentureWire reports</a>. The company&#8217;s tools provide a three-dimensional model of a patient in order to properly direct radiation-beam treatment for cancer and other diseases.</p>
<p><a href='http://venturebeat.files.wordpress.com/2007/08/kemeta-logo.jpg' title='kemeta-logo.jpg'><img src='http://venturebeat.files.wordpress.com/2007/08/kemeta-logo.jpg' alt='kemeta-logo.jpg' /></a><strong>Kemeta takes equity investment from Dow Chemical for breath analysis &#8212; </strong><a href="http://www.kemeta.com/">Kemeta</a>, a Phoenix developer of breath-analysis systems, said <a href="http://www.dow.com">Dow Chemical</a> took a minority equity stake in the company. Details of the transaction weren&#8217;t disclosed.</p>
<p>Kemeta aims to produce a palm-sized analyzer that can measure breath acetone, a by-product of burning fat, for use in obesity. The sensor technology was originally developed by Dow.</p>
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<title><![CDATA[Spinal fusion: Will the Medtronic/Kyphon deal quell ferment in the orthopedic-implant market?]]></title>
<link>http://venturebeat.com/2007/08/08/spinal-fusion-will-the-medtronickyphon-deal-quell-ferment-in-the-orthopedic-implant-market/</link>
<pubDate>Wed, 08 Aug 2007 23:10:51 +0000</pubDate>
<dc:creator>David P. Hamilton</dc:creator>
<guid>http://venturebeat.com/2007/08/08/spinal-fusion-will-the-medtronickyphon-deal-quell-ferment-in-the-orthopedic-implant-market/</guid>
<description><![CDATA[I didn&#8217;t write about Medtronics&#8217; $3.9 billion acquisition of Kyphon when it was announce]]></description>
<content:encoded><![CDATA[<p><a href='http://venturebeat.files.wordpress.com/2007/08/spine.jpg' title='spine.jpg'><img src='http://venturebeat.files.wordpress.com/2007/08/spine.jpg' alt='spine.jpg' /></a>I didn&#8217;t write about Medtronics&#8217; $3.9 billion acquisition of Kyphon when it was <a href="http://www.mercurynews.com/breakingnews/ci_6481649">announced almost two weeks ago</a>, largely because it seemed to be a pretty straightforward merger of two big public companies with relatively few implications for the venture medical-device business.</p>
<p>The good folks at the <a href="http://invivo.blogspot.com">In Vivo Blog</a> beg to differ, and weighed in earlier this week with a <a href="http://invivoblog.blogspot.com/2007/08/medtronickyphon-averting-shake-up-in.html">sharp analysis</a> of the deal. To summarize, Kyphon was seen as an upstart in the spinal-device market &#8212; a venture firm that grew up, went public, and appeared on the verge of threatening the hegemony of the Big Three device makers by snapping up promising little companies before they could. (In Vivo doesn&#8217;t name the Big Three, but they have to be Medtronic, J&#38;J and Boston Scientific.) Yet Medtronics&#8217; decision to take out Kyphon may do little to stem a new wave of competition from spinal-device startups.</p>
<p>As In Vivo tells it:</p>
<blockquote><p>Kyphon’s rapid recent growth and willingness to pay a premium price to acquire new technology marked perhaps the largest shock waves threatening to disrupt the status quo in the spinal market, where small companies have had little choice other than the Big 3 when looking for potential acquirers. Recently, however, that sector has been undergoing a bit of a shake-up with the major companies losing market share&#8230;. These losses have largely come at the hands of the many burgeoning spine start-ups. Analysts now estimate there are as many as 150 spinal device companies, compared with one-third that number just a few years ago&#8230;.</p>
<p>[R]ather than entering a period of slower growth and retrenchment or consolidation, this group of spine industry veterans predicted that a number of product, market, and clinical forces are coming together to drive significant future growth, with one panelist suggesting that the current $4 billion spine market will more than triple in the next few years.</p>
<p>The factors contributing to this perfect storm in spine include innovations in diagnostics, particularly new imaging technologies, along with new implant designs, and a patient population growing not just from overall aging but from younger patients looking to take advantage of new treatment options. Clinically, the spine market is characterized by variety of conditions that can be treated by numerous therapeutic approaches; doctors are not wedded to any single therapy and continue to explore different options, resulting in a fertile environment for companies with innovative technology.</p></blockquote>
<p>We&#8217;ve certainly seen no shortage of spinal-device companies getting funded here at VentureBeat Life Sciences over the past few months &#8212; a group that includes <a href="http://venturebeat.com/2007/05/29/active-implants-pliable-hip-device-maker-raises-67m-tranche/">Active Implants</a>, <a href="http://venturebeat.com/2007/05/23/implant-maker-amedica-files-for-75m-ipo/">Amedica</a>, <a href="http://venturebeat.com/2007/06/21/gentis-raises-10m-for-spine-injected-implants/">Gentis</a>, <a href="http://venturebeat.com/2007/05/31/implant-maker-interventional-spine-draws-in-24m/">Interventional Spine</a>, <a href="http://venturebeat.com/2007/05/15/orthopedic-development-pulls-in-8m-for-spinal-fusion-devices/">Orthopedic Development</a> and <a href="http://venturebeat.com/2007/05/10/pegasus-bio-gets-20m-for-surgical-repair-bioimplants/">Pegasus Biologics</a>, among others. (I&#8217;m sure I missed a few.) There&#8217;s certainly no shortage of innovation in the space, even though it&#8217;s far from certain that most &#8212; or even many &#8212; of these innovative techniques will end up being safe and effective. (There are also plenty of spine-related device horror stories out there as well, with the tale of <a href="http://www.globalpatientnetwork.com/news/gpnnews-wsj.shtml">J&#38;J&#8217;s Charite spinal-disc replacement</a> perhaps chief among them.)</p>
<p>In any case, there&#8217;s no question that hegemony is boring, and the idea that one or more of these startups could hit it big and keep shaking things up is certainly appealing. On the other hand, if market share at the Big Three is shrinking while innovation proceeds apace among startups, that may just cause the big companies to step up their M&#38;A activity while they can &#8212; perhaps reaching even further down to earlier-stage companies, the same way Big Pharma has done recently in biotech. As it turns out, it&#8217;s awfully hard for smaller companies to compete against big, cash-rich incumbents, especially ones who can make a buyout offer the startups can&#8217;t refuse. As Kyphon itself ultimately realized, I guess.</p>
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<title><![CDATA[Implant maker Amedica files for $75M IPO]]></title>
<link>http://venturebeat.com/2007/05/23/implant-maker-amedica-files-for-75m-ipo/</link>
<pubDate>Wed, 23 May 2007 20:02:19 +0000</pubDate>
<dc:creator>David P. Hamilton</dc:creator>
<guid>http://venturebeat.com/2007/05/23/implant-maker-amedica-files-for-75m-ipo/</guid>
<description><![CDATA[Salt Lake City-based Amedica filed to raise up to $74.8 million in an IPO, just a week after it rais]]></description>
<content:encoded><![CDATA[<p>Salt Lake City-based Amedica filed to raise up to $74.8 million in an IPO, just a week after it raised $13.2 million in a fourth funding round. The maker of ceramic implants for spinal and joint repair said it doesn&#8217;t expect its first products to reach the market until next year.</p>
<p>Amedica&#8217;s <a href="http://edgar.sec.gov/Archives/edgar/data/1269026/000119312507120692/ds1.htm">S-1 filing</a>, by the way, is the first I can recall seeing that explicitly lists &#8220;healthcare reform&#8221; as one of its major risk factors:</p>
<blockquote><p><strong>We face significant uncertainty in the industry due to government healthcare reform.</strong></p>
<p>Political, economic and regulatory influences are subjecting the healthcare industry to fundamental changes. Reforms under consideration in the United States include mandated basic healthcare benefits, controls on healthcare spending, increases in insurance premiums and increased out-of-pocket requirements for patients, the creation of large group purchasing organizations that aim to reduce the costs of products that their member hospitals consume, and significant modifications to the healthcare delivery system. We anticipate that the U.S. Congress and state legislatures will continue to review and assess alternative healthcare delivery systems and payment methods. Due to uncertainties regarding the ultimate features of reform initiatives and the timing of their enactment and implementation, we cannot predict which, if any, of such reform proposals will be adopted, when they may be adopted or what impact reform initiatives may have on us.</p></blockquote>
<p>This may be standard boilerplate these days, but like they say on TV, it was new to me.</p>
<p>Check out Amedica&#8217;s filing and its <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&#38;STORY=/www/story/05-22-2007/0004594190&#38;EDATE=">press release</a> for more.</p>
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<title><![CDATA[Amedica raises $13.2M for spine and joint implants]]></title>
<link>http://venturebeat.com/2007/05/18/amedica-raises-132m-for-spine-and-joint-implants/</link>
<pubDate>Sat, 19 May 2007 01:35:12 +0000</pubDate>
<dc:creator>David P. Hamilton</dc:creator>
<guid>http://venturebeat.com/2007/05/18/amedica-raises-132m-for-spine-and-joint-implants/</guid>
<description><![CDATA[Amedica, a Salt Lake City maker of ceramic implants for spines and joints, raised $13.2 million in a]]></description>
<content:encoded><![CDATA[<p>Amedica, a Salt Lake City maker of ceramic implants for spines and joints, raised $13.2 million in a fourth round of funding. <a href="http://www.creationcapital.com">Creation Capital</a> placed the financing. The company had previously raised more than $30 million.</p>
<p>The company is developing a line of ceramic knee, hip and spinal-disk replacements, along with related ceramic spine implants. Its release is <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&#38;STORY=/www/story/05-16-2007/0004589635&#38;EDATE=">here</a>.</p>
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