Germantown-based startup Machfu nets $1.6M in first funding round | Financing round pulls in $16M for BrainScope | Engineered Medical Systems, MVR reach medtech partnership
September 7, 2017
TCM SmartBrief
Cybersecurity and Technology
Baltimore's RedOwl purchased by Raytheon's Forcepoint
RedOwl, a Baltimore-based cybersecurity analytics company, will become part of Raytheon-owned Forcepoint, a content security and data protection company. Forcepoint said it will take over RedOwl's local office and possibly expand operations there.
The Baltimore Sun (8/29) 
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Germantown-based startup Machfu nets $1.6M in first funding round
Machfu, a Germantown, Md.-based internet of things startup, has raised $1.6 million in its first round of financing, led by Blu Venture Investors. Machfu plans to use the funds to boost its presence in several markets, including smart grids, smart water, and oil and gas. (8/29) 
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Health IT
Financing round pulls in $16M for BrainScope
A round of equity financing has brought in $16 million for BrainScope, a Bethesda, Md.-based company that makes mobile, noninvasive medical devices for the assessment of traumatic brain injury. The proceeds will be used to launch the company's BrainScope One device and support its continued research and development efforts.
MobiHealthNews (8/31),  FinSMEs (8/31) 
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Engineered Medical Systems, MVR reach medtech partnership
Indianapolis-based Engineered Medical Systems entered into a partnership with the MVR Co. of Maryland to build the Factory medical device manufacturing space and the LaunchPort accelerator in Baltimore. The facility will include assembly, laboratory, clean room and administrative support facilities, which will be made available to medtech businesses that will participate in the accelerator.
Inside Indiana Business (9/6) 
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Vaccine and Immunotherapeutics
U. of Md. undergrad team wins top NIH bio-design prize
A University of Maryland team of bioengineering undergraduates won first prize and $20,000 in a National Institutes of Health-sponsored competition. The team of seven students received the award from the NIH's National Institute of Biomedical Imaging and Bioengineering for their EEG monitor prototype, which is designed to diagnose Alzheimer's.
Washingtonian online (8/31) 
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Malaria vaccine under development at Silver Spring military research facility
The US military is closing in on developing a vaccine to prevent malaria, says US Navy Capt. Judith Epstein, clinical director of the Naval Medical Research Center's Malaria Research Department. She leads a joint malaria research venture by the Walter Reed Army Institute of Research and the NMRC, both of which are in Silver Spring, Md.
Signal Magazine online (9/1) 
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Biotech and Life Science
FDA warns of cybersecurity vulnerability in Abbott pacemakers
The Food and Drug Administration has issued a voluntary recall of about 465,000 pacemakers manufactured by Abbott that could be vulnerable to security breaches. A software update that takes about three minutes is available to mitigate the issue, the manufacturer says.
CNET (8/31),  Federal Computer Week (8/30) 
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FDA issues final guidance on interoperable medical devices
A final guidance on identifying considerations associated with secure medical device interoperability was released by the FDA. The document includes recommendations on the design and development of interoperable devices, what to include on their labels and guidance on premarket submissions.
Regulatory Focus (9/5) 
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Government Affairs
HIMSS reports on new cyberthreats affecting health care industry
HIMSS' August Healthcare and Cross-Sector Cybersecurity Report highlighted the emergences of the ROPEMAKER, or Remotely Originated Post-delivery E-mail Manipulation Attacks by Keeping E-mail Risky, cyberattack technique, IRS and FBI phishing scams, the Defray ransomware strain, leaked internet of things telnet credentials, and security vulnerabilities in St. Jude Medical's implantable cardiac pacemakers. Health information security professionals shouldn't only focus on new threats but also on old yet effective vulnerabilities when patching their systems, said Lee Kim of HIMSS.
Healthcare IT News (9/1) 
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Talent and Capital
Md. rated among nation's top 5 for internet, tech business
Maryland ranks fourth among US states for technology and internet companies in the Internet Association's newly released Ease of Doing Internet Business report.
The Frederick News-Post (Md.) (8/27) 
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