Holaira lands $42M for lung denervation trial

Holaira says it raised a $42 million Series D round to back a clinical trial of its lung denervation technology.

Holaira said it raised a $42 million Series D round it plans to use for what it claims as the 1st randomized lung denervation trial with a sham control arm.

Minneapolis-based Holaira said the round was led by Vertex Venture Holdings and included 2 unnamed strategic investors, Windham Venture Partners and existing backers Advanced Technology Ventures, Morgenthaler Ventures, Split Rock Partners and Versant Ventures.

Holaira

News Well, Funding Roundup, Respiratory

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Hatch bill to repeal medical device tax gains 2 more sponsors

A bipartisan bill that would repeal the medical device tax sponsored by Sen. Orrin Hatch gains a pair of Republican co-sponsors, Sens. Lindsay Graham and Ron Johnson.

A bipartisan bill that would repeal the medical device tax sponsored by Sen. Orrin Hatch (R-Utah) gained 2 more Republican sponsors in recent weeks.

Sens. Lindsay Graham (R-S.C.) and Ron Johnson (R-Wis.) each signed on to the "Medical Device Access and Innovation Protection Act," which would do away with the 2.3% excise tax levied on U.S. sales of medical devices as part of the Affordable Care Act.

U.S. Senate

News Well, Medical Device Tax

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Halt Medical raises $92.8M ahead of U.S. launch of uterine fibroid treatment

Halt Medical has big plans for its Acessa System for treating uterine fibroids, having raised nearly $93 million in efforts to restructure debt and fund its commercial efforts.

California women's health company Halt Medical is raising capital ahead of a major commercial bid for its Acessa radiofrequency-based uterine fibroid treatment.

Halt Medical

News Well, Funding Roundup, Radiosurgery, Women's Health

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Going global: New AdvaMed chairman Almeida's focus on medtech harmony around the world

Covidien president & CEO AdvaMed board chairman Jose Almeida details his focus for his 2-year tenure as the chairman of the board for medtech lobbying group AdvaMed.

Incoming AdvaMed chairman Jose Almeida has an international outlook, planning to focus his 2-year leadership tenure on several goals that aim to reconcile initiatives in the U.S. with efforts overseas.

Covidien, AdvaMed

News Well, Lobbying, Regulatory/Compliance, Universal Device Identifier (UDI)

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Appeals court upholds dismissal in BioMimetic shareholder lawsuit

A federal appeals court upholds the dismissal of a lawsuit brought by shareholders of BioMimetic Therapeutics, acquired by Wright Medical in 2012.

Wright Medical Group Inc., BioMimetic Therapeutics Inc., Food & Drug Administration (FDA)

Legal News, News Well, Resorbable bone materials

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Transcend Medical closes on $22M Series C round

Transcend Medical says it closed on a $22 million Series C round, including an investment from an unnamed medical device multi-national.

Transcend Medical said it closed on a Series C round worth $22 million that included a contribution from an unnamed "global pharmaceutical and medical device company."

Transcend, which is developing a micro-stent called the CyPass to treat glaucoma, said it plans to use the proceeds to complete its Compass pivotal trial for the CyPass device. The study's follow-up period is slated to be complete during the 2nd quarter of 2015, according to a press release.

Transcend Medical Inc.

News Well, Funding Roundup, Optical/Ophthalmic

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Medical device recalls for March 2014

Class I and class II recalls issued by the Center for Devices & Radiological Health in March 2014.

March Summary

Class I recalls: 10

Class II recalls: 183

Class I recalls

Recalling Manufacturer, Date Posted, Trade Name/Product, Reason for Recall

Food & Drug Administration (FDA)

News Well, Food & Drug Administration (FDA), Recalls, Regulatory/Compliance

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