MedTech I.Q.

The Cutting Edge of Medical Technology Content, Community & Collaboration

Colleagues,

As reported in the Pittsburgh Tribune-Review ... A start-up company that developed a minimally invasive robotic "snake" for heart surgery and other medical uses has raised $9 million for more research and development ...

... Cardiorobotics Inc... may apply later this year to the Food and Drug Administration for approval to use the flexible, remotely operated probe in experimental surgical procedures on humans ...

... The probe is about 12 inches long and one-third-inch wide, with a fiber optic component that will allow the physician to "see" the probe and the work being done, said Choset, who is an associate professor at Carnegie Mellon University's Robotics Institute, and a Co-Founder of Cardiorobotics ... Cardiorobotics has 11 employees, most of whom are based at its business and product development facility in Newport, Rhode Island...

... The company last week completed the $9 million in financing, and the conversion of $2.6 million of debt into equity ... Of the $2.6 million in debt converted into equity, $600,000 was invested by Pittsburgh Life Sciences Greenhouse in South Oakland, Pennsylvania and $250,00 was invested by the Slater Technology Fund of Providence, R.I., an investment fund operated by the state of Rhode Island...

Read on at: http://www.pittsburghlive.com/x/pittsburghtrib/business/s_635052.html

ENJOY!

CC

Views: 5

© 2020   Created by CC-Conrad Clyburn-MedForeSight.   Powered by

Badges  |  Report an Issue  |  Terms of Service