Life Science Intelligence Blog

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Occuity is developing non-contact diagnostic devices for disease screening and monitoring

The company’s intellectual property is being used to develop handheld pachymeters, keratometers, and pupillometers for use in human and veterinary optometry. According to Occuity, the device will be released in 2021. In October 2020, the company raised $1.3M in a Seed round. Alcon, Carl Zeiss, and Nidek are key strategics currently competing in the ophthalmology market.

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Neuros Medical is raising $42.8M in equity

Currently the company has completed the sale of $37M in equity from 24 investors. Neuros Medical is a developer of proprietary neuromodulation technology for the treatment of chronic pain. Neuros’ Altius System uses an implantable generator to deliver electrical signals in the peripheral nervous system to block pain signals. Major competitors in the neuromodulation market include Abbott, Boston Scientific, and LivaNova.

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Venari Medical completes $5.3M Seed round

The company is developing BioVena, a catheter-based therapy for chronic venous disease. BioVena disrupts the inner vessel lining, which causes natural scarring and vessel closure that diverts blood away from the diseased vessels. Abbott, Boston Scientific, and Edwards are some of the key strategics in the competitive landscape.

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Diality – bringing dialysis into the patient’s home

Diality is developing a portable home hemodialysis machine intended to help improve the quality of life of patient’s with kidney disease. The company’s product is currently pending CE Mark in the EU and FDA clearance in the US. Diality has raised $30.5M in capital as of October 2020. Key strategics in the hemodialysis market include Baxter, Fresenius, and Nipro.

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Instylla – liquid embolization using hydrogel technology

Instylla is developing liquid embolics for interventional oncology and peripheral hemostasis. In October 2020, Instylla announced that it had completed a Series B round of financing in which the company raised $25.4M. The company intends to use these funds to finance clinical trials, including a pivotal clinical trial in the US. Key strategics that offer liquid embolization products include Johnson & Johnson and Medtronic.

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MIT spin-off Encora Therapeutics raises $1.5M

Encora Therapeutics is developing wearable technology that will provide patients with personalized and non-invasive remedies for the management of neurological movement disorders. Other competitors developing wearables for the monitoring and rehabilitation of neurological movement disorders include Great Lakes NeuroTechnologies and ADPM Wearable Technologies.

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Artificial intelligence image analysis developer RapidAI completes Series B round

RapidAI announced that it has raised $25M in the Series B round. The funds will be used towards recognizing strategic growth initiatives around the world. The company develops software solutions to help healthcare providers diagnose and identify cerebrovascular disorders more effectively. Key strategics include GE Healthcare, Philips, and Siemens.

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ExsoMed - Minimally invasive orthopedic solutions to improve surgical outcomes

The company develops orthopedic fixation devices (i.e. screws) for hand surgery. ExsoMed’s three products are commercialized. Early September, the company received FDA clearance for its Four Corner Fusion system for wrist arthritis. ExsoMed plans to sell this asset to keep the company “focused on our market-differentiating, sterile-packed, single-use business model.” Other strategics in the orthopedics market include J&J, Smith & Nephew, and Zimmer-Biomet.

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Evolution Devices – using artificial intelligence to personalize mobility rehabilitation

The company is developing EvoWalk, a functional electronic stimulation device that monitors and personalizes electrical stimulation to support mobility rehabilitation in patients suffering mobility impairments caused by stroke, ALS, and multiple sclerosis. Key strategics in the neuromodulation devices market include Boston Scientific, LivaNova, and Medtronic.

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OneDrop receives additional funding from Bayer, strengthening their collaboration

OneDrop is a digital health platform that utilizes 13 billion health data points to manage diabetes, cholesterol, and high blood pressure. The platform has over 2.5 million users worldwide. To-date the company has raised over $88M. Key competitors include Abbott, Dexcom, and Livongo.

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