Tag: Medical Device

Bluegrass Vascular Closes $5M in Convertible Debt Financing
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Bluegrass Vascular Closes $5M in Convertible Debt Financing

Bluegrass Vascular Technologies has closed $5 million in convertible debt financing for its innovation, the Surfacer Inside-Out Access Catheter System. Convertible debt notes enable a startup without a valuation to raise capital quickly and less expensively than equity as an alternative to a conventional bank loan.Funding will go toward the commercial expansion of Bluegrass Vascular’s Surfacer System, the first FDA-cleared medical device that facilitates access to obstructed central veins in a patient's upper body.The Surfacer System helps facilitate catheter insertion into the central venous system for patients with upper body venous obstructions or other conditions that prevent central venous access using conventional methods. Bluegrass' innovation meets an unmet cl...
Turn Medical Closes $3.8M Funding for Automated Hospital Bed
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Turn Medical Closes $3.8M Funding for Automated Hospital Bed

The San Antonio medical device company Turn Medical has closed bridge funding of $3.8 million from a group of U.S. investors to support the commercialization of its first product for critically ill patients with severe respiratory issues. Turn Medical's automated hospital bed rotates the patient safely and easily to a prone position onto their abdomen. Called the Pronova-O2 Automated Prone Therapy System, the bed provides an effective and efficient way for clinicians to move patients into the prone position safely and  easily. Prone positioning is recommended for critically ill patients with severe acute respiratory distress syndrome (ARDS), which accounts for about 10% of all admissions to intensive care units (ICUs) worldwide. Prone therapy is now considered the standard of care for th...
Turn Medical Automates Patient Prone Positioning for Critical Care
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Turn Medical Automates Patient Prone Positioning for Critical Care

A San Antonio medical device company is coming out of stealth mode to launch its first product for critically ill patients with severe respiratory issues. Turn Medical is commercializing its automated hospital bed that rotates the patient safely and easily to a prone position onto their abdomen.Prone positioning is recommended for critically ill patients with severe acute respiratory distress syndrome (ARDS), which accounts for about 10% of all admissions to intensive care units (ICUs) worldwide. Prone therapy is now considered the standard of care for those with severe ARDS to reduce lung trauma and improve outcomes, especially for those on a ventilator.Tara Psencik, CEO and co-founder of Turn Medical, told Startups San Antonio they are looking to launch its bed, called the Pronov...
Renovo Concepts Raises $6.4M Series A Funding for Traumatic Brain Injury Device
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Renovo Concepts Raises $6.4M Series A Funding for Traumatic Brain Injury Device

The San Antonio medical device company Renovo Concepts announced the completion of its $6.4 million Series A preferred stock fundraising round Thursday. Renovo is developing a way to reduce the damage caused by inflammation setting in after severe traumatic injuries to the brain (TBI) with its Mechanical Tissue Resuscitation (MTR) device.The round was oversubscribed, as the company raised approximately $6.4 million in new money on a stated $6 million offering. Proceeds from this funding round are being used primarily to fund product development, initial manufacturing, and safety human clinical trials. The funds will enable Renovo to get its device through the testing evaluations required by the U.S. Food and Drug Administration. After that point, Renovo will then pursue clinical trial...
Renovo Concepts Raises Series A Funding for Traumatic Brain Injury Device
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Renovo Concepts Raises Series A Funding for Traumatic Brain Injury Device

Head injuries — whether from a fall, car accident, during sports, or on the battlefield — can happen to anyone at any time, causing a traumatic brain injury (TBI). According to the National Institute of Neurological Disorders and Stroke, little can be done to reverse the initial brain damage caused by swelling after head trauma.That's why one San Antonio medical device company is developing a way to reduce the damage caused by inflammation setting in after severe traumatic injuries to the brain. Renovo Concepts is commercializing its Mechanical Tissue Resuscitation (MTR) device.Surgeons use the device to prevent the secondary impacts from reduced blood flow and tissue death caused by inflammation in cases of severe traumatic injuries to the brain, heart, and spine. The Mechanical ...
Seno Medical Breast Imaging Technology Receives FDA Pre-Market Approval
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Seno Medical Breast Imaging Technology Receives FDA Pre-Market Approval

The commercial pathway for a San Antonio-based medical technology company that began its development over 15 years ago is closing in on the U.S. market. Seno Medical Instruments Inc. has gotten pre-market approval from the U.S. Food & Drug Administration (FDA) Tuesday for its medical imaging tool to diagnose breast cancer.Seno Medical’s imaging system uses opto-acoustic technology combined with laser optics and conventional ultrasound technology to provide an image of breast tissue in real-time. The company developed its Imagio breast imaging device to give physicians a way to examine breast tissue via images to rule out the need for invasive, expensive biopsies in patients with benign breast masses.About one in eight women in the United States will develop invasive breast canc...
JustAir Launches Portable Powered Face Mask To Protect Against COVID-19
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JustAir Launches Portable Powered Face Mask To Protect Against COVID-19

Thanks to an entrepreneurial doctor, a recently relocated startup has brought to the market a new kind of face mask that protects wearers from airborne pathogens like COVID-19.JustAir, Inc. has launched its patented advanced face mask system that uses a powered air-purifying respirator (PAPR) in a more portable version of what's used in medical or industrial grade systems. The mask protects both the wearer and surrounding people, filtering the user's inhaled and exhaled air.The face mask is made of electrostatic felt and two fabric layers and can be adjusted to fit your face. A small rechargeable, battery-powered blower supplies fresh, cool air to the mask. The positive pressure airflow technology pushes air through a medical-grade HEPA filter that traps 99.97 percent of viruses, a...
Olifant Medical Device Protecting Healthcare Providers from COVID-19 Wins $1M Air Force Contract
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Olifant Medical Device Protecting Healthcare Providers from COVID-19 Wins $1M Air Force Contract

As more healthcare providers are exposed to COVID-19 while treating patients, innovators like Dr. Steven Venticinque are developing critically needed solutions. His startup company Olifant Medical won a $1 million Air Force award in mid-July to adapt a protective barrier device that can protect healthcare providers from COVID-19 exposure during medical procedures.This device is not the first invention that has garnered Air Force funding for Venticinque, a UT Health San Antonio anesthesiologist and former Air Force physician. He co-founded Olifant (one of the San Antonio startups to watch in 2019) in 2018 with engineer Justin Rice and scientist Christopher Carroll to bring an improved airway device to market.Carroll is Olifant's chief executive officer, Venticinque is the chief...
San Antonio Business Leader Catherine Burzik Wins Lifetime Achievement Award For Contributions to Medical Tech Industry
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San Antonio Business Leader Catherine Burzik Wins Lifetime Achievement Award For Contributions to Medical Tech Industry

San Antonio business leader and entrepreneur Catherine ("Cathy") M. Burzik will receive the 2019 Lifetime Achievement Award from Advanced Medical Technology Association (AdvaMed) for her many contributions to the medical technology industry. Burzik will receive the award, the highest honor given to someone who has worked in the medical device industry, during the MedTech Conference in Boston September 25. Catherine Burzik is a seasoned senior executive and has successfully led life sciences companies. Those receiving the Lifetime Achievement Award stand out in leadership, innovation, discovery, commercialization, entrepreneurship, philanthropy, venture capital and capital formation, as well as sustained contributions to the medical technology industry. She continues to play major roles in...
UT Health SA Clinician-Entrepreneur Invents Next-Generation Airway Device
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UT Health SA Clinician-Entrepreneur Invents Next-Generation Airway Device

However easy it might look in movies or television shows, intubating or inserting a breathing tube into an unconscious person can be quite difficult, especially under stressful emergency conditions. When a patient is not breathing, every second counts until that person can receive oxygen again.San Antonio-based anesthesiologist and critical care physician Steven Venticinque, M.D., knows well the challenges in intubating patients both in the operating room and beyond. During his career in the U.S. Air Force, Venticinque led critical care air transport teams flying in Iraq and Afghanistan.Venticinque has been at UT Health San Antonio since 2007 and is a professor and interim chair of the anesthesiology department at the Joe R. and Teresa Lozano Long School of Medicine. He now car...