Medical Devices News Feed

Medical Devices Investment News – provided by ShiftCentral

  • OnSite Lab invests $6.1M in MedMira

    2013-09-25 - MedMira, a developer of rapid diagnostic technology and solutions, announced a $6.1 million equity investment from Switzerland-based OnSite Lab.  MedMira will use the investment to initiate significant sales and marketing programs, in the U.S. and global markets, in advance of the launch of new rapid tests anticipated to begin in 2014. Strengthening MedMira's sales and marketing efforts will include the hiring of personnel with medical device and biotechnology sales and business development experience, as well as the establishment of regional offices to service strategic markets, customers, and partners.


  • Medtronic gets $15M Quebec grant for expansion

    2012-04-23 - Medtronic CryoCath, part of Ontario-based Medtronic of Canada, a subsidiary of Minnesota-based Medtronic will receive $15 million from the Quebec government contribution toward a $50-million expansion of its research, training and manufacturing operations in Montreal. The grant is being made through Investissement Québec. The project will provide more than 200 new jobs at two facilities in Montreal, said Neil Fraser, president of Medtronics of Canada.


  • Canadian researchers' device may improve HIV tracking

    2011-12-12 - Canadian researchers have invented a device that could make it easier, faster and cheaper to track the progression of HIV in patients living in the developing world. A team led by Rakesh Nayyar, University of Toronto student James Dou, and Stewart Aitchison, has created a portable device that uses a computer chip with software capable of analysing blood tests outside the lab. The team's portable cell analyzer makes it possible for healthcare workers to monitor HIV patients in remote areas by testing their blood on the spot and receiving results within minutes, Nayyar explained.