Mayo Clinic Startup Phenomix Sciences Initiates $1M Seed Funding Round

The startup focuses on personalizing chronic disease treatment, and will use the investment money to commercialize a new blood-based test for obesity types in 2019.

Heart Valve Repair Co. NeoChord Closes $25M Series D

The St. Louis Park-based company’s products treat mitral valve regurgitation, a common heart malfunction experienced by Americans.

Remembering Earl Bakken, the Founder of Modern Medical Technology

At the age of 94, Columbia Heights native Earl Bakken passed away on Sunday. Many on Monday are remembering him for his positive (and oftentimes life-saving) contributions.

Three Figures Who Knew Earl Bakken Recall His Legacy

Former Medtronic CEO Bill George, Medical Alley Association Shaye Mandle, and David Rhees, the retired director of The Bakken Museum, offer up their thoughts on Earl Bakken.

University of Minnesota Partners with Canadian Startup to Advance Development of Alzheimer’s Detection Tech

Combining RetiSpec’s machine learning program with the U of M’s imaging system is expected to accelerate time-to-market for a groundbreaking Alzheimer’s detection tool.

Low-Shock Defibrillator Maker Cardialen Inc. Raises $17M

The Minneapolis-based medtech startup’s lifetime financing now tops $30 million.

4C Medical Technologies Wraps $17M Series A

The new capital will allow the Brooklyn Park heart therapies maker to hire up to ten new workers, expand into a larger headquarters, and fund new rounds of further testing of its AltaValve device.

Starkey’s New Hearing Aid Uses AI Tech, Doubles as Activity Tracker

The hearing aid maker’s new Livio AI product, the “world’s first multi-use hearing aid,” features improved sound elements and 3D motion sensors for health tracking.

Southeast Minnesota Angel Fund Reaches $2M Fundraising Goal, Backs Mayo Spin-Off

The fund has invested $500K so far; Ambient Clinical Analytics is the latest recipient.

Rochester Startup OmniTier Looks to Speed Up Whole-Genome Sequencing

OmniTier says its new tech platform has big implications for the spread of personalized medicine.

Urology Startup Urotronic Raises $20M

Capital from Urotronic's biggest funding round yet will help advance its work on a drug-coated medical balloon meant to provide a safer treatment for urethra blockages.

U of M Offers Breakthrough Cryo-Preservation Technology for Licensing

The platform allows health researchers to bring zebrafish embryos to life after freezing.

Masonic Cancer Center at U of M Goes All-In on Booming Microbiome Research Field

A new 13-member research team will analyze the relationship between gut bacteria and colon cancer.

Minneapolis Health IT Co. Sansoro Health Raises $8M

Sansoro will use the new capital – contributed by existing investors and lead investor of the round LRVHealth – to grow efforts to improve data integration for electronic health records.

HabitAware Receives $300,000 Grant to Advance Work Treating Hair-Pulling Disorder

The Minneapolis-based startup will use the National Institute of Mental Health grant toward further development of its wearable device that treats impulsive behaviors.

UnitedHealth Group May Buy Genoa Health in Estimated $2 Billion-Plus Deal, Says Source

Nothing has been confirmed yet, but a report from Axios indicates the Minnesota-based insurance giant will buy Washington-based pharmacy company Genoa Health.

Cardiovascular Systems Posts First-Ever Annual Profit

Company also inks deal to co-develop laser device to treat arterial disease.

Mayo-Backed Medtech Startup NeuroOne Seeking $10M

The Eden Prairie-based company specializing in brain issue detection is in the midst of a hefty fundraising campaign. The first investment was obtained early this month, with more than $9 million more to go toward its target.

Trio of Minnesota Stem Cell Startups Receive State-Funded Commercialization Grants

Miromatrix, Superior Organoid, and MNPHARM each landed $100,000 regenerative medicine awards.

Implantable Organ Developer Miromatrix Medical Raises $15.7M

The company is working towards clinical trials for its implantable kidney and liver products.

Mayo Clinic Researcher Cites Positive Results for Cologuard-Style Liver Cancer Test

A collaboration between Mayo and Exact Sciences is yielding accurate blood DNA tests for treatable cases.

Mayo Spin-Off Ambient Clinical Analytics Eyes Euro Markets with Dutch Backer

Noaber Foundation led a $1.5 million venture round for the digital health platform.

Relievant Medsystems is Relocating Its HQ to Bloomington, Will Expand Operations

The move from California to Minnesota comes as the chronic lower back pain device maker has wrapped a $58 million fundraising round.

Bio-Techne Acquires Exosome Diagnostics in Deal Worth Up to $575M

The deal continues a string of transactions by Bio-Techne over the last five years and marks its foray into the diagnostics area of cancer medicine.

Stryker Makes Offer to Buy Boston Scientific, Sources Say

The possible deal sent Boston Scientific’s shares up about 7.5 percent and Stryker’s down by more than 5 percent.

Massachusetts Biotech Co. with Close Ties to Be The Match, U of M Files for IPO

Magenta Therapeutics looks to expand the amount of stem cells for marrow transplants.

Buzzworthy 3D ‘Skin Printer’ Grew from Minnesota-Funded Stem Cell Program

The new printer has been proven capable of printing out skin cells to repair wounds in tests on mice.

Mayo Biobank Collaborates with Company Seeking to Identify Alzheimer’s Risk

Cytox Ltd. will use bio-samples from Mayo to develop an algorithm predicting genetic vulnerability.

New Mayo-Backed Device for Treating Deadly Type of Stroke Nearing FDA Notification

Partnering company MRI Interventions says the next step will be filing a 510(k), which will come in the third quarter.

U of M Med School Launches New Anti-Aging Research Institute, Hires Leadership Team

The institute will focus on treatments for “cellular senescence” to slow the aging process.

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