CoapTech, Inc. Announces Market Launch of its Second Generation Magnetic Balloon Catheter for the PUMA-G System
Built in Baltimore: CoapTech, Inc. Announces Market Launch of its Second Generation Magnetic Balloon Catheter for the PUMA-G System
7 Companies Engineering The Growth of Medtech in Baltimore
From designing and prototyping to compliant, full-scale sales, these firms have the power to make Charm City a leading hub for MedTech development and manufacturing.
Keys to Success in Maryland MedTech Manufacturing
As Maryland seeks to become a hub for medical device scale-up, two local industry leaders share advice on partnership and support.
Three Maryland Startups Tapped for World’s Largest MedTech Accelerator
Three Maryland-based medical technology companies, JuneBrain, Sonavi Labs and Xcision Medical Systems were selected to participate in the first cohort of a four-month-long accelerator program in Los Angeles supporting medical device, diagnostic, and digital health companies.
Baltimore’s Eyedea Medical Awarded $1,000,000 NSF Phase II SBIR Grant for Corneal Transplant Technology
Eyedea Medical awarded competitive National Science Foundation Phase II Small Business Innovation Research Grant, Baltimore, MD
Why Baltimore Has Emerged as the Next Great City for MedTech
Baltimore, MD is continuing to emerge as one of the next great cities for medtech and medical device innovation. That’s just one of the reasons that Maryland was selected to host MedTech Innovator (MTI) and BioTools Innovator (BTI) for their East Coast pitch events on March 28-31, 2023. MTI and BTI are the largest and highest-performing global pitch competitions and accelerator programs for the life sciences field. Companies can apply before January 31st.
Baltimore Company Cranius Raises $19.4M to Change the Treatment of Brain Diseases
Baltimore company raises $19.4M to change the treatment of brain diseases Email Facebook LinkedIn Twitter Share article
Deborah Weidman is a co-founder of CraniUS, which recently raised $19.4 million.
Courtesy of Deborah Weidman
By Matt Hooke – Reporter
October 03, 2022, 08:10am EDT
A Baltimore medical device firm that aims to improve the treatment of brain diseases has raised $19.4 million, one of the larger funding rounds in the region so far this year.
Hampden-based CraniUS’ series A funding round was led entirely by private investors, such as family offices, with no participation from venture capital firms.
The $19.4 million will give the 17-person team the funds necessary to workshop and develop prototypes, as the company hopes to start in-person trials in 2024.
The round had 21 investors, U.S. Securities and Exchange Commission filings show. CEO Michael Maglin said the company did not pursue venture capital because it already had several board members in mind for the company and did not want to give up a large amount of equity in its first capital raise. The round closed at the end of April and began in Sept. 2021.
CraniUS is developing an implantable device that delivers medicine straight into the…
Baltimore Medtech Sector a Key Asset for Ascending Biotech Cluster, Part Two
This is Part Two of our series on the vibrant Baltimore medtech ecosystem gaining significant momentum in Baltimore. Part One featured five exciting companies, including CoapTech, JuneBrain, ClearMask, LifeSprout, and NextStep Robotics.
Baltimore MedTech Sector a Key Asset for Ascending Biotech Cluster, Part One
BioBuzz has been reporting on myriad medtech university system spinouts and maturing companies from the Baltimore area for a number of years; we’ve featured a number of exciting and promising individual companies. However, as we’ve stepped back a bit to examine more recent Baltimore biohub developments, it’s become clear that there is an unmistakable groundswell of medtech activity that’s transforming the Baltimore life sciences sector.