All News
Neuros Medical looks to close $3.5M round, begin pilot clinical study
Neurostimulation company Neuros Medical is looking to collect a $3.5 million round of investment that it would use to launch a pilot study of its pain-relief device. Neuros is developing a device that uses a pacemaker-sized generator and an electrode to stimulate nerves to block pain from amputations — sometimes called stump pain — without the use of drugs. Last year, Neuros received a $1.2 million grant from the U.S. Department of Defense to further develop the device.
After earlier this year completing the first successful in-man feasibility study of its pain-blocking device, Willoughby, Ohio-based Neuros plans to conduct a pilot clinical trial that follows a larger number of patients for a longer amount of time, CEO Jon Snyder said.
“We were extremely encouraged by the results of this year’s feasibility study, which proved to us that the device is not only safe but highly efficacious,” said Steve Haynes, managing partner with Glengary.
The pilot study would involve between 10 and 20 patients, and assess the pain-blocking effectiveness of the company’s device over about three months.
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SironRx gets $1M in Third Frontier Funding
Cleveland Ohio - October 19, 2011 - SironRX Therapeutics, is finding success in healing wounds. The company received $1 million in Third Frontier funding to continue clinical trials in wound healing.
As clinical trials continue, SironRX will be ramping up a full-time management teams, including a full-time CEO, and operational staff
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Connected Living and HP form Partnership
October 13, 2011 - The aim to simplify technology for seniors and their communities has been answered – a partnership between Hewlett Packard (HP) and Connected Living.
Connected Living is readying to pilot a fully “connected” community at the Heritage Des Plaines, a Brookdale Senior Living community in Illinois. Features include slates or tablet computers for every resident.
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Cleveland HeartLab signs lease in Midtown
CLEVELAND, Ohio -September 14, 2011- Fast growing Cleveland Heart Lab (a Glengary portfolio company) is leaving incubator space for a new building on Euclid Avenue in MidTown Tech Park - traveling a path charted by backers of the city's health-and-technology corridor.
The two-year-old company, a Cleveland Clinic spinoff, has grown from 8 to 80 employees and is approaching $20 million in annual revenues.
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EndoSphere named "Top 10" presenting company at MedVentures 2011
FRISCO, TX--(Marketwire - Sep 14, 2011) - The North Texas Enterprise Center (NTEC) for Technology, a leading regional non-profit organization dedicated to assisting medical technology start-up companies, announced the Top 10 Presenting Companies for the MEDVENTURES 2011 event to be held October 6, 2011. Endosphere, a Glengary client company was selected as on of the Top 10 companies.
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CardiOx Corp Closes $8M Series C Funding Round
Columbus, OH - August 31, 2011 - Heart test maker CardiOx Corp has announced the closing of an $8 million Series C funding round. Investments will support the company, which is developing a noninvasive device for detecting right-to-left heart shunts, through commercialization in the U.S. and Europe.
The round was led by Michigan-based Lifeline Ventures, a new investor in Columbus, Ohio-based CardiOx, and included contributions from existing investors Early Stage Partners, Glengary and Reservoir Partners, CardiOx CEO Larry Heaton said.
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SironRx receives Third Frontier Grant
Columbus, OH August 29, 2011 – Today the Ohio Third Frontier Commission recommended awards for nearly $30 million in funding, including $991,788 through the Ohio Third Frontier Biomedical Program.
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Cleveland HeartLab completes $18.4-million financing round
CLEVELAND, Aug. 22, 2011 – Cleveland HeartLab Inc. (CHL), a leading specialty clinical laboratory and disease management company, today announced the completion of an $18.4-million Series B financing round. Excel Venture Management and HealthCare Ventures, both of Boston, led the round. The company’s existing investors also participated.
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EndoSphere Inc. Expands Advisory Team
August 18, 2011 – EndoSphere Inc., a medical technology company developing a platform of endoscopically implantable devices for the treatment of metabolic diseases, including obesity and type 2 diabetes, today announced the appointment of two new members to the company’s advisory team. Amol Soin, M.D. of Physician Investment Group LLC and Ohio Pain Clinic, and Stephen R. Haynes of Glengary LLC, were appointed as advisors to the company.
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Neuros Medical Announces Successful Feasibility Study
Cleveland, OH, April 6, 2011 – Neuros Medical, Inc., a medical device company announced promising results today from their recently completed feasibility study. During the study, four of the five patients reported their pain was reduced to zero.
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Technology Association of Georgia Selects Whoop
ATLANTA – November 11, 2010 - By their very natures, Technology Association of Georgia’s (TAG) members are always on the forefront of technology advances. That’s one of the reasons why TAG chose Whoop’s mobile platform to enable TAG staff to create cross-platform applications to communicate with members, member companies and the technology community in Georgia.
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Lexington Health Care Chooses OnShift
Lexington Health Care sought to improve quality of care while decreasing labor costs in all 10 of its facilities in the Chicago area. OnShift enabled the company to reduce overtime by 71% in less than 60 days.
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Neuros Medical awarded $300K
Neuros Medical, Inc. received formal confirmation today that their US Army Medical Research Acquisition Activity (USAMRAA) grant proposal for $300k was selected for award! Added to the DOD award of $1.5 million, this brings a total of $1.8 million in non-dilutive funding to Neuros.
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Predictive Service and Kaman Technologies Announce Agreement
Predictive Service, LLC, a global leader in providing predictive maintenance and engineering services (reliability services), and Kaman Industrial Technologies, a leading distributor of industrial parts announced a collaboration between the two companies today, whereby Kaman will distribute reliability services from Predictive Service in the industrial distribution market.
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Neuros Medical Award $1.5M from US Dept. of Defense
July 1, 2010 – Neuros Medical, Inc., announced the Applied Research and Technology Development Award was provided by the Defense Medical Research and Development Program (DMRDP). The funding will aid technology development and human clinical research for their neurostimulation therapy, called Nerve Block, focusing on the treatment of chronic residual limb pain which is suffered by nearly one million amputees.
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CardinalCommerce receives patent approval
Mentor Ohio- CardinalCommerce, the world-leading enabler of payment brands, today announced that the US Patent and Trademark Office (USPTO) issued patent number US 7,742,967, which covers fundamental aspects to secure payment processing.
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Neuros Medical goal: no more pain meds
People who suffer from chronic pain could someday toss their painkillers into the garbage for good. Neuros Medical is developing a device that uses an electrode to deliver high-frequency stimulation to sensory nerves in the peripheral nervous system. Basically, pain signals in the spine just won't make it to the brain.
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Monarch Teaching - Visual learning in Autism
Advance Magazine, a professional journal for Speech Language Pathologists, recently ran an article featuring an interview with several of The Monarch Center for Autism’s SLPs about their use of technology and visuals in the classroom.
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Governor touts Web-based senior program
West Roxbury Mass.- Simply calling it the Facebook for seniors would be misleading- Connected Living is an important tool in getting a generation online.
The application was developed by MyWay Village, a Quincy Mass based company at provides social networking services to seniors.
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Glengary Completes Initial Close for Investors
Glengary LLC announced it has completed an initial closing of a round of institutional fundraising on December 28, with commitments from National City Bank, KeyBank, The Fred A. Lennon Charitable Trust, The Huntington National Bank and Baldwin-Wallace College, among others.
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