Funding round pulls in $20M for Zyga | Mich.-based Ablative Solutions gets $2.4M boost | Group B Strep Assay, growing customer base drive Q3 revenue growth for Great Basin
November 18, 2015
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Funding round pulls in $20M for Zyga
A debt refinancing round co-led by Bridge Bank and Oxford Finance has brought in $20 million for Zyga Technology. The proceeds will be used to expand clinical trials intended to show pain reduction and radiographic fusion using the company's SImmetry Sacroiliac Joint Fusion System. (11/17)
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Mich.-based Ablative Solutions gets $2.4M boost
Ablative Solutions has obtained $2.4 million and is planning to raise $4 million more in a funding round involving 24 unnamed investors. The Kalamazoo, Mich.-based firm manufactures the Peregrine System, an infusion ablation catheter designed to address hypertension. (Boston) (11/17)
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Group B Strep Assay, growing customer base drive Q3 revenue growth for Great Basin
Salt Lake City-based molecular diagnostics company Great Basin Scientific generated $545,934 in revenue in the quarter ending Sept. 30, an increase from $409,390 in the same period a year earlier. The third-quarter growth was primarily driven by the increase in adoption of the firm's Group B Strep Assay and its growing customer base. GenomeWeb Daily News (free registration) (11/16)
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A Buyer's Guide to Web CMS
A Web CMS (Content Management System) makes it easier for you to create, manage and maintain your website content, and choosing a Web CMS is a big decision for your company. It's critical to look for and understand the essential features that will address your business needs now and in the future. This guide will help you make a more informed Web CMS selection.

Science & Health
Blue Belt records first surgery in Los Angeles using orthopedic device
A patient at Silver Lake Medical Center was the first in Los Angeles to undergo partial knee replacement using the Navio, an orthopedic surgical system from Blue Belt Technologies. The product, which helps surgeons prepare the bone via a freehand sculpting method, includes a CT-free intraoperative planning, registration and navigation system. (11/17)
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FDA clears MRI device from Mallinckrodt
The INOmax DSIR Plus MRI, a device developed by Malllinckrodt to deliver nitric oxide for inhalation during MRIs, has received clearance from the FDA. The product, which is set for release this month, is indicated for use with compatible magnetic resonance-conditional ventilators. FDAnews (11/17)
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Emerging Technologies
Evena debuts updated version of smart glasses
Evena launched its Eyes-On Glasses 3.0. The smart glasses offer a hands-free, cart-free, deep-tissue vasculature ultrasound imaging system. (free registration) (11/16)
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Updates in VISUS' imaging software get FDA clearance
Version 4.7 of VISUS' JiveX software received clearance from the FDA. Among the features covered in the clearance are the JiveX Integrated Imaging and Medical Archive, the image data management tool and the JiveX ECG for processing and displaying ECG information. (free registration) (11/17)
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Government & Regulatory
Remote pacer monitor from Medtronic lands FDA approval
The MyCareLink Smart Monitor, an application-based remote monitor developed by Medtronic for patients with implanted pacemakers, has obtained premarket approval from the FDA. The product, which includes the MyCareLink Smart mobile app and a portable device reader, relays data from Medtronic pacers to help physicians make treatment decisions. (Boston) (11/17)
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FDA clears bone graft substitute from Prosidyan
The FIBERGRAFT BG Morsels, a synthetic bone graft substitute from Warren, N.J.-based Prosidyan, obtained 510(k) clearance from the FDA. The product, which is designed for placement in the skeletal system's bony voids, is developed for use with autogenous bone marrow aspirate during postero-lateral spine fusion. (11/17)
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Ultrasound device from Fujifilm SonoSite lands FDA clearance
The iViz, a portable ultrasound system from Fujifilm SonoSite, has received 510(k) clearance from the FDA. The device, which incorporates ultrasound with EMR technologies and hospital IT, is intended for use in point-of-care settings. (free registration) (11/17)
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AdvaMed Events and Education
The Best of AdvaMed 2015 -- The MedTech Conference: A Focus on Industry Innovation
Feb. 9-10 | AdvaMed Headquarters, Washington, D.C.
The annual AdvaMed MedTech Conference is the leading medtech event in North America and in 2015, brought together more than 1,000 companies in a uniquely multifaceted environment. AdvaMed 2015 provided key perspectives to advance industry discussion through detailed panel sessions, executive forums and more. Did you or a colleague miss this "must-attend" event? We'll be hosting an abbreviated "Best of AdvaMed 2015: The MedTech Conference" event, focusing on industry innovation, where we'll bring together a sample of some of the 2015 Conference's most popular panel discussions. Learn more.
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Join the AdvaMed-MTLI LinkedIn group or follow them on Twitter!
Build close relationships with member companies, both small and large, and receive an intimate understanding of the key issues affecting innovation, access and the bottom line. Interact in discussions that leverage the leadership and expertise of the medical technology industry. This social group is full of key stakeholders, influencers and industry thought leaders as well as regulatory and policy experts from the FDA and CMS. Aside from practical learning opportunities, this LinkedIn group provides the premier opportunity to network with key players from virtually every aspect of the industry. Link to the AdvaMed MTLI LinkedIn group page.  Link to the AdvaMed MTLI Twitter account.
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