Investment in medtech continues upward trend

Financings for medical technology during the month of June 2011 have hit $453 million, continuing a trend of above average monthly investment. Year-to-date financing for January to June 2011 is 42% higher than the same period in 2010.

The top financings include:

  • Moximed, Inc., has raised $43.3 million (shock-absorbing knee joint)
  • Miramar Labs, Inc., has raised $35.8 million (microwave technology to treat axillary hyperhidrosis)
  • Spinal Modulation, Inc., has raised $30 million (spinal cord stimulator for treatment of chronic pain)

For the individual financings that have contributed to this total, see link.  

Leave a Reply