BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Medical Device Startup, NeuroTronik Raises $13.1 Million


6/13/2013 10:02:11 AM

Staying up-to-date has never been simpler. Sign up for the free GenePool newsletter today!

Medical device startup NeuroTronik has raised $13.1 million for the continued development of a system to treat heart failure. The 11-month-old Chapel Hill company's first round of funding came from a syndicate of venture capital firms led by Hatteras Venture Partners of Durham. "This has the potential to really be one of the biggest device companies to come out of (the Triangle)," said Douglas Reed, a partner at Hatteras. NeuroTronik, which has a handful of employees, is developing a device to treat acute heart failure syndrome for patients who go to the hospital for treatment of worsening symptoms. The company's Nuuromodulation System aims to shorten hospital stays and reduce the need of patients to return to the hospital a few weeks later. "It's a way of stimulating the heart to increase the pumping effectiveness, the effectiveness of the contractions," Reed said. "So it improves cardiac function while the device is in place." Test results from a prototype device has been "very encouraging," Reed said. "This is a very important disease. A lot of people die of heart failure." Read more here: http://blogs.newsobserver.com/business/medical-device-startup-raises-131-million#storylink=cpy

Help employers find you! Check out all the jobs and post your resume.


Read at newsobserver.com
Read at News Release

 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES