Monthly Healthcare Review
February 2016
Company NameLast Financing
DateHQ Location Description
Last
Financing
Size
(Millions)
Lead Manager
Shield Therapeutics
(STX)
26-Feb-16 Wollerau,
Switzerland
Developer of an oral product for iron deficiency anemia which will replace intravenous iron
therapy for critically ill patients with inflammatory bowel disease.
46.55 Liberum Capital Ltd
Proteostasis
Therapeutics (PTI)
11-Feb-16 Cambridge, MA Developer of small molecule therapeutics to control the body’s protein homeostasis. The
company develops therapeutics that regulate protein homeostasis to improve outcomes for
patients with neurodegenerative and orphan diseases.
50.00 Leerink Partners,
RBC Capital
Markets
AveXis (AVXS) 11-Feb-16 Bannockburn,
IL
Developer of treatments for rare and life-threatening neurological genetic diseases. The
company is developing scAAV9.CB.SMN, an on-going Phase 1 clinical trial for the
treatment of spinal muscular atrophy (SMA) Type 1, an autosomal-recessive genetic
disorder characterized by lower motor neuron loss and progressive muscle weakness.
95.00 Goldman, Sachs &
Co., Jefferies
B.R.A.I.N. (BNN) 09-Feb-16 Zwingenberg,
Germany
Developer of white biotechnology. The company discovers BioActives, natural compounds
and proprietary enzymes for chemical, pharmaceuticals, food and cosmetics industries.
Their key technology creates micro-organisms for the conversion of carbon containing
industrial waste that flows into secondary raw materials.
34.97 ODDO Seydler
Apellis 08-Feb-16 Crestwood, KY Developer of novel therapeutics and drug delivery technologies. The company develops
peptide drugs focused on the immunology space such as asthma and chronic obstructive
pulmonary disease.
86.25 Barclays Capital,
Citigroup Global
Markets, Leerink
Partners
Editas Medicine
(EDIT)
03-Feb-16 Cambridge, MA Developer of drugs to treat disorders caused by a singular genetic defect. The company is
developing genome editing technology into a novel class of human therapeutics designed to
enable precise and corrective molecular modification to treat the underlying cause of a
broad range of diseases at the genetic level.
94.40 J.P. Morgan
Securities, Morgan
Stanley & Co.
BeiGene (BGNE) 03-Feb-16 Beijing, China Developer of oncology drugs. The company performs clinical-stage oncology research and
development focused on discovering, developing and commercializing targeted and immune-
oncology therapeutics to help serve the unmet needs in cancers that are prevalent in China
and the Asia-Pacific region.
158.40 Cowen and
Company,
Goldman, Sachs &
Co, Morgan Stanley
The following table includes the medical devices, biotechnology, pharmaceuticals, and healthcare IPO pricings, filings and withdrawals announced over the previous month.
IPOs
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 1
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Retina Implant 29-Feb-16 Reutlingen,
Germany
Angel Developer of subretinal implants for partially sighted and blind patients.
The company is developing the first fully functioning electronic retinal
implant to restore useful vision to the blind.
28.86 Max Reindl, other
undisclosed
Medlanes 29-Feb-16 Berlin, Germany Early Stage VC Provider of online medical advice and care services. The company
combines machine-learning technology with doctor knowledge to offer
patients a first contact point to healthcare spanning a large number of
medical conditions.
Undisclosed AXA Strategic
Ventures
MedCPU 29-Feb-16 New York, NY Later Stage VC Provider of real-time clinical care software. The company's application
captures the clinical picture from clinicians' free-text notes, dictations and
structured documentation entered into electronic medical records and
analyzes that data against a growing library of content for generating real-
time precise prompts for care consideration.
35.00 UPMC Health
System
Applied Pathways 29-Feb-16 Schaumburg, IL Later Stage VC Developer of an enterprise knowledge-management platform. The
company develops Web-based software tools designed to enable clinicians,
Web developers and business managers to develop, maintain and deploy
rules-based applications, training materials to custom portal and translated
practice processes into flow charts.
6.00 Health Enterprise
Partners
4D Healthware 29-Feb-16 Chicago, IL Seed Round Developer of an online platform that helps patients to take care of their
health through mobile devices. The company provides a platform that
combines relevant information from each patient’s health history plus real
time data gathered from devices such as activity trackers, mobile apps,
wireless scales and wearable biometric sensors such that the data can be
utilized to provide a recommended care plan for each patient.
0.61 Undisclosed
Third Pole 26-Feb-16 San Francisco, CA Angel Developer of a medical inhalation device offering nitric oxide needed for
babies with respiratory failure.
2.68 Undisclosed
Targeted Diagnostics &
Therapeutics
26-Feb-16 West Chester, PA Angel Owner and operator of a biotechnology company developing molecular-
based technologies. The company's technology is used for the targeted
detection, diagnosis and treatment of gastrointestinal cancers and
infectious diseases.
0.76 Undisclosed
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 2
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Expansion Technologies 26-Feb-16 Cambridge, MA Angel Developer of novel therapeutic methods using nano scale-precise optical
microscopy.
2.00 Undisclosed
CHD Bioscience 26-Feb-16 Fort Collins, CO Angel Developer of topical therapeutic products. The company develops anti-
microbial technology to prevent the spread of dermal and orthopedic
bacterial infections.
1.74 Undisclosed
Celcuity 26-Feb-16 Minneapolis, MN Angel Developer of a biotech-based analysis platform for the pharmaceutical
sector. The company is the developer of cell-based assays to assess the
functionality of disease-related signaling pathways within a patient's cells to
determine whether a drug therapy is having the intended effect.
5.50 Undisclosed
Vivify Health 25-Feb-16 Plano, TX Later Stage VC Provider of a healthcare-management platform. The company delivers
direct-to-consumer care, including customized care plans, coaching,
educational video content and interactive video conferencing for patients
and their healthcare providers.
17.00 UPMC Health
System
VitalWare 25-Feb-16 Yakima, WA Early Stage VC Provider of a business intelligence platform for healthcare providers by
integrating key processes including documentation, coding, billing and
auditing.
Undisclosed F-Prime Capital
Pertners
Versago Vascular
Access
25-Feb-16 West Bridgewater,
MA
Seed Round Operator of a vascular access technology company. The company develops
a patented technology that displaces multiple traditional access applications
in apheresis and chemotherapy.
1.65 Primo Medical
Group
Synaptive 25-Feb-16 Toronto, Canada Early Stage VC Provider of neurosurgical technological products and services. The
company provides advanced tools and information for neurosurgeons,
radiologists, surgeons and hospitals to focus on patient outcomes.
0.91 Undisclosed
Specialists On Call 25-Feb-16 Reston, VA PE Growth/
Expansion
Provider of specialty physician consultations to acute-care hospitals via
telemedicine. The company offers specialty physician services and provides
on-call coverage to suburban and urban acute-care hospitals via
videoconferencing to improve patient care and increase the financial and
clinical strength of community hospitals.
64.77 Greenwoods Capital
Partners
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 3
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Chromis Therapeutics 25-Feb-16 San Diego, CA Seed Round Developer of anti-viral pharmaceuticals. The company engages in the
discovery and development of antiviral drugs for chronic hepatitis B viral
infections using proprietary drug-design platform.
3.00 Torrey Pines
Investment
Avraham
Pharmaceuticals
25-Feb-16 Yavneh, Israel Later Stage VC Developer of products for the treatment and prevention of
neurodegenerative disorders. The company's product, Ladostigil, provides
a drug candidate for treatment of Alzheimer’s disease in patients diagnosed
with mild cognitive impairment.
4.00 Pomtifax, Clal
Biotechnology
Industries, Yissum
Research
Development
Company
Rani Therapeutics 24-Feb-16 San Jose, CA Later Stage VC Developer of an oral drug delivery technology. The company provides an
oral biotherapeutics technology for the delivery of peptides, proteins and
therapeutic antibodies, which to date can only be delivered through
injections.
37.00 AstraZeneca, Virtus
Inspire Ventures,
Ping An Ventures
PolyPid 24-Feb-16 Petach Tikva, Israel Later Stage VC Developer of proprietary drug-delivery technology. The company develops
pharmaceutically active ingredients utilizing its nano-based drug-delivery
platform for sustained release.
22.00 Shavit Capital,
Aurum Ventures
Visikol 23-Feb-16 New Brunswick, NJ Early Stage VC Developer of a biological clearing agent. The company offers a chemical
formula called Visikol that penetrates tissues, renders them transparent and
allows 3-dimensional imaging of both plant and animal specimens without
causing any structural damage.
0.50 Foundation Venture
Capital Group
Myra 23-Feb-16 Bangalore, India Early Stage VC Provider of online pharmacy delivery services. The company provides an
online mobile application to deliver medicine to the doorstep in 30 minutes
with a flat 15% discount.
Undisclosed Matrix Partners,
Pranay Chulet,
Prashant Malik
Augustine Temperature
Management
23-Feb-16 Eden Prairie, MN Later Stage VC Developer of normothermia technologies. The company manufactures
conductive fabric patient warming systems for surgical patients.
7.80 Undisclosed
Vanquish Oncology 22-Feb-16 Champaign, IL Early Stage VC Developer of a drug on molecular defects in specific cancer cells. The
company targets to create personalized oncology therapeutics for unmet or
underserved cancer markets.
1.05 Undisclosed
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 4
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Svelte Medical Systems 22-Feb-16 New Providence,
NJ
Later Stage VC Developer of balloon expandable stents. The company designs and
develops non-thrombogenic and non-inflammatory drug eluting stents for
the treatment of atherosclerosis.
44.40 CNF Investments
SigTuple 22-Feb-16 Bangalore, India Seed Round Developer of data driven intelligence for automated analysis of medical
images and data to aid diagnosis. The company provides a data driven,
machine learned, cloud based technology for detection of anomalies and
trends in medical data using deep learning.
Undisclosed Sachin Bansal, Binny
Bansal, Accei
Partners
PSKW 22-Feb-16 Bedminster, NJ PE Growth/
Expansion
Provider of patient prescription medication assistance and payment
reimbursement services. The company provides pharmaceutical and
biopharma loyalty relationship marketing services, co-pay eligibility
verification services, digital relationship tools and co-pay assistance
programs. It also offers co-pay incentive cards, vouchers, coupons,
messages, reminders and discount offers.
68.25 Undisclosed
Prima-Temp 22-Feb-16 Boulder, CO Early Stage VC Developer of a healthcare device that provides continuous core
temperature measurements. The company develops wireless monitoring
technology that can detect subtle changes in core body temperature and
communicate the data directly to a smartphone. It has applications for
fertility monitoring, early disease detection, sleep disorder, heat exhaustion,
chemotherapy, obesity and weight loss.
1.64 Green Park & Golf
Ventures
Precision Ocular 22-Feb-16 London, United
Kingdom
Early Stage VC Developer of a drug-based treatment for retinal diseases. The company
provides a treatment for retinal diseases, including age-related macular
degeneration, diabetic macular edema, retinal vein occlusion, uveitis and
cystoid macular edema.
19.34 Imperial
Innovations Group
KeyNatura 22-Feb-16 Kopavogur, Iceland Early Stage VC Provider of astaxanthin, an antioxidant from sea creatures. 2.40 Eyrir Invest
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 5
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
IMPACT Therapeutics 22-Feb-16 NanJing, China Later Stage VC Provider of drug discovery services. The company is engaged in the
discovery, development and commercialization of therapeutics to treat
cancer and other life-threatening diseases.
10.00 China Orient
Summit Capital,
Sungent
BioVenture,
HAIBANG
Ventures,
Guangzhou
YUEXIU Industrial
Investment Fund,
Lilly Asia Ventures
CenterX 22-Feb-16 Madison, WI Angel Provider of e-prescribing and medication adherence tracking software. The
company offers a cloud-based electronic prescribing directory for
prescribers, pharmacists and payers to electronically handle patient
prescriptions.
3.33 Undisclosed
CardioDx 22-Feb-16 Redwood City, CA Later Stage VC Developer of clinically validated genomic tests to aid in assessing and
tailoring care of individuals with cardiovascular disease. The company
offers cardiovascular genomics diagnostic services for heart diseases
including coronary artery disease, cardiac arrhythmia and heart failure.
12.37 Undisclosed
SeqLL 19-Feb-16 Woburn, MA Angel Provider of molecule sequencing technology. The company provides true
single molecule sequencing of RNA or DNA which offers researchers
RNA sequencing data capturing the depth and breadth of findings.
1.00 Undisclosed
RadiFit Athletics 19-Feb-16 Miramar, FL Accelerator/
Incubator
Manufacturer of orthopedic products, accessories and medical devices.
The company develops custom knee sleeves with real time technology that
monitors athletic movements and is designed to reduce injuries and tears.
0.02 PowerMoves
NOLA
NurseGrid 19-Feb-16 Portland, OR Early Stage VC Developer of a mobile application for nurse scheduling in hospitals. The
company offers a suite of scheduling and staffing software that allows
nurses to communicate and share schedules with their colleagues in real-
time.
1.16 Undisclosed
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 6
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
NICO 19-Feb-16 Indianapolis, IN Later Stage VC Developer of surgical devices. The company develops technology and
products for the field of corridor surgery, including cranial, ENT, spinal,
and otolaryngology.
15.07 River Cities Capital
Funds, Rose-
Hulman Institute of
Technology
Fractyl 19-Feb-16 Waltham, MA Early Stage VC Developer of medical devices for the treatment of chronic diseases,
particularly focusing on improving the health of people with Type 2
diabetes.
47.17 Mithril Capital
Management
eFFECTOR
Therapeutics
19-Feb-16 San Diego, CA Early Stage VC Developer of protein-synthesis drugs. The company is pioneering a new
class of small-molecule drugs that act by selectively regulating translation
(or protein synthesis). The company is developing translation regulators to
restore homeostasis to the protein-synthesis landscape, offering treatment
for a variety of serious conditions, including cancer.
56.00 Altitude Life Science
Ventures
BrainCheck 19-Feb-16 Houston, TX Angel Developer of a device that helps in measurement of brain function
designed to aid in the diagnosis of traumatic brain injury.
2.25 Undisclosed
Yumanity Therapeutics 18-Feb-16 Cambridge, MA Early Stage VC Developer of drugs for neurodegenerative diseases caused by protein
misfolding. The company is engaged in the research and development of
therapies for patients with Alzheimer’s disease, Parkinson’s disease and
amyotrophic lateral sclerosis.
51.01 Fidelity
Management &
Research
Unchained Labs 18-Feb-16 Pleasanton, CA Early Stage VC Developer of life science biologics tools. The company offers protein
stability platform and products for biologics that helps researchers to
measure multiple protein stability parameters.
25.00 Novo Ventures,
Canaan Partners.
TPG Biotech
Reset Therapeutics 18-Feb-16 South San
Francisco, CA
Later Stage VC Developer of therapeutics for the circadian system. The company engages
in research and development of an engine for identifying components of
the circadian system that can be targeted to treat metabolic and related
disorders, such as diabetes, obesity and cardiovascular disease.
29.73 Undisclosed
Osteonovus 18-Feb-16 Toledo, CA Angel Developer of a bone regeneration biomaterial. The company develops a
synthetic bone graft to fill bone gaps and voids in the skeletal system
during orthopedic surgery.
1.25 Undisclosed
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 7
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Opternative 18-Feb-16 Chicago, IL Early Stage VC Provider of online eye-examination services. The company provides a Web
portal that enables users to receive an eye exam, and to receive
prescriptions for glasses or contact lenses within minutes.
6.00 Jump Capital
Micreos 18-Feb-16 Wageningen,
Netherlands
Later Stage VC Developer of phage-based anti-bacterial products. The company develops
products based on phage technology as a replacement for antibiotics in
health care, veterinary medicine, the food processing industry and
agriculture.
13.32 Undisclosed
Health Catalyst 18-Feb-16 Salt Lake City, UT Later Stage VC Provider of healthcare data warehousing, analytics and outcomes
improvement services. The company's platform helps healthcare
organizations of all sizes improve clinical, financial, and operational
outcomes needed to improve population health and accountable care.
70.00 Norwest Venture
Partners, UPMC
Avrobio 18-Feb-16 Cambridge, MA Seed Round Developer of step-change cell and gene therapies targeting cancer and rare
disease. The company’s approach is to genetically modify a patient’s own
cells by adding a functional copy of the faulty gene, and modified cells are
then infused back into the patient via a one-time procedure to deliver long-
lasting, continuous elevation of endogenous enzyme.
1.50 Atlas Ventures
Vitagene 17-Feb-16 San Francisco, CA Seed Round Developer of a platform for physicians. The company's platform is used by
doctors to create tailored supplement regimen for their patients. Its
monthly supplements are personalized to the patient's specific needs and
nutritional gaps.
5.50 Spectrum 28
Vicarious Surgical 17-Feb-16 Cambridge, MA Early Stage VC Developer of a software for use in surgical procedures. The company
develops a virtual reality software integrated with surgical robotics for use
in minimally invasive surgical procedures.
2.39 Rothenberg
Ventures, other
undisclosed
Synlogic 17-Feb-16 Cambridge, MA Early Stage VC Provider and developer of therapeutic microbes and novel engineered
bacteria for therapeutic use in the treatment of disease.
40.00 OrbiMed Advisors
Saphetor 17-Feb-16 Lausanne,
Switzerland
Seed Round Owner and operator of a biotechnology and precision medicine company.
The company develops a Next Generation Sequencing technology that
enables the research and analysis of genomes, genes and exomes.
1.21 Undisclosed
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 8
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Pliant Therapeutics 17-Feb-16 Redwood City, CA Early Stage VC Developer of new therapies to treat fibrotic disorders. The company has
developed a product engine that has the potential to address the needs of
many patients by targeting fibrosis in a variety of organs and conditions.
45.00 Third Rock
Ventures
Piktorex 17-Feb-16 Warszawa, Poland Early Stage VC Developer of medical pictograms. The company offers medical stickers in
the form of pictograms that informs patients about correct medication
dosages.
Undisclosed Black Pearls
Cro Analytics 17-Feb-16 New Hope, PA Early Stage VC Provider of clinical research performance data collection, reporting,
consulting, benchmarking and predictive clinical trial analytics for the
biopharma industry.
2.50 Ben Franklin
Technology Partners
Corvidia 17-Feb-16 Waltham, MA Early Stage VC Developer of precision cardiovascular therapies. The company's pipeline
programs identify patients with unique sensitivity to specific biologic
pathways, potentially allowing for the rapid development of therapies
targeting those pathways.
26.00 Sofinnova Partners,
Apple Tree Partners
3D Vision Systems 17-Feb-16 Ann Arbor, MI Angel Manufacturer of medical equipment and supplies. 0.10 Undisclosed
Thermedical 16-Feb-16 Waltham, MA Angel Developer of a thermal ablation system to treat cancer and cardiac
arrhythmias. The company develops an ablation therapy system for the
treatment of liver cancer patients and patients with ventricular tachycardia,
an abnormal rapid heart rhythm.
3.50 Undisclosed
Seven Bridges 16-Feb-16 Cambridge, MA Later Stage VC Provider of a biomedical data analysis platform to help genomic research
institutions analyze, store and act on genomics and other biological
intelligence.
45.00 Kryssen Capital
ScarX 16-Feb-16 Toronto, Canada Early Stage VC Developer of a treatment for fibrosis. The company provides a
prescription cream to treat and prevent post-surgical scarring.
2.00 Accel-Rx Health
Sciences
Accelerator, BDC
Capital, MaRS
Innovation
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 9
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
OrPro Therapeutics 16-Feb-16 San Diego, CA Angel Developer of Theradux, a modified recombinant thioredoxin for the
treatment of cystic fibrosis. The company provides a class of inhaled non-
systemic drugs based on the thioredoxin active site for the treatment of
patients with cystic fibrosis and other obstructive respiratory diseases.
2.34 Jlabs
Onko Solutions 16-Feb-16 Austin, TX Early Stage VC Developer of a portable medical device for detection of cervical cancer
that does not require laboratory analysis or a tissue sample.
1.60 Angel Ventures
Mexico, Promotora
Social Mexico,
Ambar Venture
Capital
Medsphere Systems 16-Feb-16 Carlsbad, CA Later Stage VC Provider of an open-source electronic health-record system. The company
provides an electronic health-record system designed to encourage
clinician adoption, facilitate workflow automation and foster
interoperability.
0.16 Undisclosed
KindHeart 16-Feb-16 Chapel Hill, NC Angel Owner and operator of a medical-simulation company. The company
provides surgical simulators which are used in the study of surgical
procedures and robotic surgery.
0.25 Undisclosed
Constant Therapy 16-Feb-16 Lexington, MA Early Stage VC Provider of iPad tools for continuous and personalized therapy to people
with cognitive, language, communication and learning disorders. The
company provides products designed for use by patients of traumatic brain
injury, stroke, aphasia and learning disabled clients in addition to speech
and language pathologists or occupational therapists.
1.97 Undisclosed
Cala Health 16-Feb-16 Burlingame, CA Early Stage VC Developer of novel therapies based on neuroscience discoveries. The
company is designing a new wearable medical device for patients who
suffer hand and wrist tremors.
18.00 Johnson & Johnson
Development
Corporation, Lux
Capital, Lightstone
Ventures
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 10
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Akarna Therapeutics 16-Feb-16 Encinitas, CA Early Stage VC Developer of molecule therapeutics. The company develops small
molecule therapeutics for the treatment of non-alcoholic steatohepatitis.
14.32 Forbion Capital
Partners
Theraworx 15-Feb-16 Asheville, NC Later Stage VC Provider of therapeutic skin care products. The company manufactures
products that include specialty care packs for peri-care prior to foley
catheter insertion and on-going foley maintenance.
6.86 Undisclosed
Magnesium
Development Company
15-Feb-16 Missoula, MT Angel Operator of a medical device development company. The company
develops sports medical devices using metal alloy technology combining
the strength and handling properties of metal with complete absorption for
application in sports medicine orthopedics.
1.00 Undisclosed
Summit Medventures
Holdings
12-Feb-16 Austin, TX Angel Developer of an orthopedic implant technology. The company provides
cortical screws for surgical purposes in the areas of trauma, spine, and total
joints.
1.74 Undisclosed
PhysIQ 12-Feb-16 Naperville, IL Later Stage VC Developer of personalized predictive analytics. The company offers a
remote patient monitoring system with predictive analytics technology that
differentiates abnormal physiological behavior from normal physiological
variation.
3.61 Undisclosed
ColonaryConcepts 12-Feb-16 Newton, MA Angel Provider of a technology platform that promotes gastrointestinal health. 8.20 Undisclosed
Behold.ai 12-Feb-16 New York, NY Accelerator/
Incubator
Provider of diagnostic imaging software. The company provides healthcare
practitioners with a platform that identifies visual differences between
images of healthy tissue and those with nodules, lesions and other
abnormalities.
0.09 gener8tor
Allergy Amulet 12-Feb-16 Boston, MA Accelerator/
Incubator
Developer of an allergen detection device that enables simple and mobile
measurements to help individuals avoid inadvertently ingesting target
allergens.
0.02 gener8tor
MilliDrop 11-Feb-16 Paris, France Seed Round Developer of in vitro diagnostics machines and instruments for academic
and medical research. The company designs and develops cell culture
machines based on millifluidics technology for bacteriological research and
diagnosis purpose.
1.11 Seventure Partners
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 11
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Bamboo Therapeutics 11-Feb-16 Chapel Hill, NC Early Stage VC Developer of gene therapies for treating monogenic disorders. The
company specializes in developing therapeutic reagents to treat diseases
related to central nervous system and neuromuscular diseases.
49.47 CureDuchenne
Rio Grande
Neurosciences
10-Feb-16 San Francisco, CA Angel Developer of therapeutic devices for traumatic brain injuries. The
company engages in the development of electrotherapeutics for
neurological applications and treatment of neurodegenerative diseases.
4.53 Undisclosed
MiRTLE Medical 10-Feb-16 North Andover,
MA
Angel Operator of a biotechnology company. The company offers monitoring
devices for patients undergoing an MRI scan.
0.03 Undisclosed
Lantern 10-Feb-16 San Francisco, CA Early Stage VC Provider of an online mental health wellness services. The company
provides personalized online programs coached by experienced
professionals to strengthen the mental health.
17.00 UPMC
Hemovent 10-Feb-16 Aachen, Germany Early Stage VC Developer of the ECMO (Extra Corporeal Membrane Oxygenation) unit
that supports or replaces heart and lung function in the event of cardiac
and respiratory failure.
6.00 MIG Verwaltungs
Halo Neuroscience 10-Feb-16 San Francisco, CA Early Stage VC Developer of neurotechnologies to help unlock human potential. The
company is the developer of a device that uses pulses of energy to
stimulate brain neurons, potentially leading to effects such as accelerated
learning or improved body movement control. The company's product is
designed for use by professional athletes and stroke rehabilitation.
9.00 Lux Capital
BiOptix Diagnostics 10-Feb-16 Boulder, CO Later Stage VC Developer of a biomolecule detection system. The company provides E-
SPR (Enhanced Surface Plasmon Resonance) technology platform for the
detection of molecular interactions.
1.66 Undisclosed
ARMO BioSciences 10-Feb-16 Redwood City, CA Later Stage VC Developer of immunotherapeutics. The company is a clinical-stage
enterprise developing immunotherapies focused on multiple, difficult-to-
treat oncology indications.
50.00 Kleiner Perkins
Caufield & Byers,
OrbiMed, DAG
Ventures
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 12
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Andas 10-Feb-16 Minneapolis, MN Angel Developer of a breathalyzer technology. The company provides a
technology that communicates an accurate level of intoxication via breath
analysis through smart phones.
0.65 Undisclosed
Vigilant Biosciences 9-Feb-16 Fort Lauderdale, FL Angel Developer of a medical technology for detection of cancer. The company
offers a technology to detect oral cancers at an early stage and improve
overall survival rates.
3.24 Undisclosed
SwervePay 9-Feb-16 Lake Villa, IL Early Stage VC Provider of cloud based information technology services. The company
offers a mobile payment platform, electronic invoicing, payment plans,
customer integration software and virtual point of sale services.
10.00 Garland Capital
Group
HealthBeacon 9-Feb-16 Dublin, Ireland Seed Round Provider of a treatment compliance monitoring tool. The company offers a
device that monitors medical adherence of patients who use self-injectable
medications at home. It also offers a medical waste bin to dispose the
needles.
1.30 Enterprise Ireland
Genotek 9-Feb-16 Moscow, Russia Angel Provider of services related to genome sequencing and DNA testing. The
company delivers genetic and DNA tests which prevents inherited
diseases, and helps to plan pregnancy in women and also provides a
platform to check the results of the DNA tests online.
2.00 Alexander Voloshin,
Maxim Basov
First Stop Health 9-Feb-16 Chicago, IL Seed Round Provider of an online health care concierge service. The company offers
24/7 services to consult with primary care physicians and board-certified
specialists. Members can talk to a doctor to obtain medical information,
medical advice, diagnosis and prescriptions from common conditions.
2.10 Tim Shumacher,
other undisclosed
Eximis Surgical 9-Feb-16 Louisville, CO Angel Developer and supplier of medical and surgical devices to hospitals and
clinics for using them in invasive surgical procedures.
1.00 Undisclosed
Endoshape 9-Feb-16 Idaho Springs, CO Later Stage VC Developer of polymer-based vascular embolization products. The
company provides embolization products for the treatment of serious
clinical conditions. The company's function is to commercialize novel
medical devices based on its proprietary polymer technology, with a focus
on the coil embolization and occlusion market.
7.10 Undisclosed
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 13
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Biodesix 9-Feb-16 Boulder, CO Later Stage VC Developer of multivariate protein diagnostics based on a mass
spectrometry-based discovery platform. The company provides VeriStrat, a
pretreatment serum testing tool that helps oncologists select between
erlotinib and single-agent chemotherapy for advanced lung cancer patients.
17.76 Undisclosed
Amplyx
Pharmaceuticals
9-Feb-16 San Diego, CA Later Stage VC Developer of oral and injectable anti-infective drugs, including protease
inhibitors and antibiotics.
49.20 RiverVest Venture
Partners
Via Surgical 8-Feb-16 Amirim, Israel Angel Developer of a mesh fixation device needed for a hernia repair procedure.
The company develops a suture like mesh fixation device that enables
durable and easy fixation of soft tissue prosthetics (including hernia mesh
products) for a variety of procedures. The company's product,
SutureLAPTM, reduces the risk of hernia recurrence.
6.00 Bensile
Veristride 8-Feb-16 Salt Lake City, UT Angel Provider of a movement analytics system. The company offers an
integrated shoe insole analysis system that gives users their own
information about their movement abilities, including real-time
information and feedback.
1.00 Undisclosed
Velano Vascular 8-Feb-16 San Francisco, CA Early Stage VC Developer of blood drawing devices for hospitals. The company develops
a needle free device that reduces pain and discomfort for patients while
drawing blood.
3.50 First Round Capital,
White Owl Capital,
Kapor Capital
Revitope Oncology 8-Feb-16 San Francisco, CA Angel Developer of a cancer immunotherapy. The company develops a
technology which redirects existing viral immune response to target the
tumor cell and treat cancer.
8.50 Undisclosed
Golo 8-Feb-16 Bear, DE Angel Developer of weight-loss management medicines and tablets. 2.45 Undisclosed
Genomind 8-Feb-16 King of Prussia, PA Later Stage VC Developer of neuropsychiatric disease biomarker tests. The company
offers the Genecept Assay, a genetic test designed to help clinicians
optimize treatment decisions for their patients with mental illness.
15.75 Capital Alignment
Partners
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 14
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Fios Genomics 8-Feb-16 Edinburgh, United
Kingdom
Later Stage VC Provider of bioinformatics data analysis services. The company specializes
in the analysis of datasets and recognising patterns and trends associated
with a trait, disease or drug response. It caters to pharma, contract research
organizations and academia for drug discovery & development and applied
research across all species.
0.79 Scottish Enterprise,
TRI Cap,
Archangels Informal
Investment
Blackford Analysis 8-Feb-16 Edinburgh, United
Kingdom
Later Stage VC Developer of software to accelerate routine radiology. The company
provides a software suite based on algorithms and multi-core processing
technologies to allow quick registration of current and previous volumes of
tomographic scans, such as CT, MRI and PET.
0.93 Scottish Enterprise,
Archangels Informal
Investment
BiologicsMD 8-Feb-16 Fayetteville, AR Angel Operator of a therapeutic development company. The company is focused
on developing highly-targeted therapies for the treatment of severe bone
disorders and hair loss related diseases and conditions.
0.40 Undisclosed
Regentis Biomaterials 5-Feb-16 Or-Akiva, Israel Later Stage VC Operator of a tissue repair company. The company focuses on developing
and commercializing an innovative hydrogel platform for the repair of
damaged tissue.
15.00 Haisco
Pharmaceutical
Group
Quantum Imaging 5-Feb-16 Coventry, United
Kingdom
Early Stage VC Provider of medical imaging devices. The company specializes in detection
of acute coronary syndromes and ischemia in patients with chest pain.
6.59 IP Group
PermeAbility 5-Feb-16 Portugal Seed Round Developer of medical devices to analyze intestinal permeability and
detection of early disease states, in particular metabolic diseases such as
diabetes and obesity.
0.11 Caixa Capital
Néosanté 5-Feb-16 Salon-de-Provence,
France
Angel Provider of rental and trading services of medical equipment. 1.44 Undisclosed
Nano Precision Medical 5-Feb-16 Emeryville, CA Angel Developer of medical drugs using nano portal technology. The company
develops titanium capsules that provide therapeutic molecules by using a
proprietary titania nanoporous membrane technology called
NanoPortalTM.
0.71 Undisclosed
Linguaflex 5-Feb-16 Weston, FL Later Stage VC Developer of therapies for obstructive sleep apnea. The company offers an
implanted device, Linguaflex LTR, which manipulates the upper airway to
treat sleeping problems.
3.60 Undisclosed
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 15
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
IlluminOss 5-Feb-16 East Providence, RI Later Stage VC Developer of minimally invasive orthopedic systems for the stabilization
and treatment of bone fractures. The company's products include a
photodynamic bone stabilization system for low load bearing bones, such
as fractures of the hands, wrists, clavicle, arms and ankle.
5.00 Undisclosed
Affinivax 5-Feb-16 Cambridge, MA Angel Owner and operator of a company developing vaccines based on the
Multiple Antigen Presenting System that provide protection against
infectious diseases.
2.50 Bill & Melinda
Gates Foundation,
other undisclosed
WiSilica 4-Feb-16 Aliso Viejo, CA Early Stage VC Provider of an Internet of Things (IoT) platform that enables devices to
connect by using Bluetooth Low Energy and helps to connect objects,
locations and people to create smart environments that have predictive
intelligence. It also helps customers to connect energy, public
infrastructure and healthcare systems with intelligent devices managed by
mobile applications and the Cloud.
3.35 FirstFloor Capital
Tribogenics 4-Feb-16 Los Angeles, CA Later Stage VC Provider of portable X-ray technology. The company is developing low-
cost, miniature X-ray devices with applications for the mining, industrial,
military and medical imaging markets.
10.00 Nikon
Perosphere 4-Feb-16 Danbury, CT Early Stage VC Operator of a pharmaceutical company focused on developing rescue
medications. The company engages in identifying and developing chemical
entities and other therapeutics that can be used as rescue drugs. It also
offers a reversal agent for new oral anticoagulants.
6.21 Undisclosed
Joylux 4-Feb-16 Seattle, WA Angel Developer of medical devices and therapeutic systems. The company
specializes in developing a medical instrument called VSCULPT for
rejuvenation of the vaginal tissue and pelvic floor toning.
2.02 Undisclosed
DiACardio 4-Feb-16 Omer, Israel Accelerator/
Incubator
Provider of decision support tools for cardiologists. The company offers
products for echocardiography and helps in evaluating heart failure signs.
Undisclosed Microsoft Ventures
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 16
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Pear Therapeutics 3-Feb-16 Boston, MA Early Stage VC Developer of digital health interventions to enhance clinical outcomes. The
company provides mobile health application for clinicians and cost-
effective services for payors. It also develops digital therapies to address
severe conditions including addiction, schizophrenia, pain, post-traumatic
stress disorder, anxiety, depression and sleep.
20.00 5AM Ventures,
Arboretum
Ventures, Jazz
Venture Partners
LAM Therapeutics 3-Feb-16 Guilford, CT Angel Developer of drugs for the treatment of Lymphangioleiomyomatosis
(LAM), a rare lung disease found primarily in women. The company aims
to develop drugs with the potential to produce long-lasting responses to
treatment, thus improving length and quality of life for LAM patients.
40.00 Undisclosed
JustRight Surgical 3-Feb-16 Boulder, CO Angel Developer of surgical instruments that allow access to confined and often
delicate structures.
11.20 Undisclosed
Galera 3-Feb-16 Malvern, PA Later Stage VC Developer of treatments for cancer patients. The company focuses on
development of drugs that can prevent the debilitating effects of radiation
in the treatment of cancer.
42.00 Novo
Epinex Diagnostics 3-Feb-16 Tustin, CA Angel Developer of a test for monthly diabetes monitoring. The company
provides a platform for rapid tests uses existing technologies to create
quantitative diagnostic tests for the point-of-care and over-the-counter
markets.
0.10 Undisclosed
ENYO Pharma 3-Feb-16 Lyon, France Early Stage VC Developer of a drug discovery platform for the treatment of chronic viral
infections. The company develops molecules modulating host functions
for the treatment of acute and chronic viral infections and identifies new
intracellular therapeutic targets and molecules acting against these targets.
24.42 Sofinnova Partners
Elemental Machines 3-Feb-16 Cambridge, MA Seed Round Provider of a suite of intelligent technology products to help scientists
accelerate time to discovery by improving experimental reproducibility.
The company offers Elemental Insights, an intuitive web-based software
application that provides real-time visualizations and dashboards to
pinpoint factors affecting outcomes.
2.50 FF Angel, Project 11
Ventures, 2M
Companies
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 17
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Cellics Therapeutics 3-Feb-16 San Diego, CA Angel Developer of red blood cell technology for the treatment of rare diseases.
The company develops nanosponge technology for the treatment of animal
venoms and rare diseases that are caused by virulent factors attacking red
blood cells.
3.00 Undisclosed
BioDirection 3-Feb-16 Oro Valley, AZ Later Stage VC Developer of a portable, point-of-care brain injury screening and
monitoring device. The company uses nanotechnology that can identify
specific molecules in the blood and determine how the body is reacting to
injury and disease to separate minor head injuries from mild traumatic
head injury.
4.00 Provident
Healthcare Capital,
other undisclosed
ArborMetrix 3-Feb-16 Ann Arbor, MI Early Stage VC Provider of clinical performance analytics tools for hospital and specialty-
based care. The company's solutions combine insights and statistics to
measure clinical performance and efficiency.
1.98 Undisclosed
Spero Therapeutics 2-Feb-16 Cambridge, MA Early Stage VC Operator of a biopharmaceutical company developing novel therapies for
the treatment of bacterial infections. The company's pipeline of anti-
infective agents is focused exclusively on gram-negative bacterial
infections. The company's MvfR inhibitor program works differently from
existing antibiotics by targeting a pathway involved in two critical bacterial
processes: virulence and persistence.
30.00 Atlas Venture, SR
One, MRL Ventures
Mission Therapeutics 2-Feb-16 Cambridge, United
Kingdom
Later Stage VC Provider of pharmaceutical research and drug discovery services. The
company provides new molecular understandings of human cell biology
into drugs that will improve the management of life-threatening diseases,
particularly cancer.
85.94 Imperial
Innovations
Businesses,
Woodford Patient
Capital
Intelerad Medical
Systems
2-Feb-16 Montreal, Canada PE Growth/
Expansion
Provider of medical imaging business services. The company specializes in
medical imaging, distributed radiology services, distributed architecture and
workflow orchestration, radiology, workflow modules and training services.
Undisclosed Novacap
Investments
Reven Pharmaceuticals 1-Feb-16 Sarasota, FL Early Stage VC Provider of vascular diseases treatment services. The company develops
medical products for the treatment of vascular diseases such as critical limb
ischemia, peripheral arterial disease, coronary artery disease and endothelial
dysfunction.
100.00 Undisclosed
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 18
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Omedix 1-Feb-16 Scottsdale, AZ Later Stage VC Provider of a patient-engagement platform for medical practices designed
to streamline check-in and create efficiencies within the engagement
process. Services include self-service portals, appointment reminders by
text, e-mail or phone, website creation with mobile capacity and paper-free
check-in.
0.93 Undisclosed
Neolight 1-Feb-16 Scottsdale, AZ Seed Round Developer of a phototherapy technology. The company offers a medical
technology that develops photo-therapy beds to cure jaundice in pre-term
and full term babies.
0.60 Undisclosed
Lightbeam Health
Solutions
1-Feb-16 Irving, TX Early Stage VC Provider of population health management tools and services in the areas
of enterprise data warehouse, physician engagement, analytics, care
management, searchlight-risk stratification and patient engagement for
Accountable Care Organizations, payers, large provider groups, health
systems and other healthcare organizations. It also offers cloud based
hosting, data backup and disaster recovery services.
Undisclosed HBM Healthcare
Investments
Intelligent
Fingerprinting
1-Feb-16 Cambridge, United
Kingdom
Later Stage VC Developer of drug screening technologies. The company offers a
fingerprint-based drug screening device that that detects drug use through
fingerprint sweat analysis.
3.58 Undisclosed
General Automation
Lab Technologies
1-Feb-16 San Francisco, CA Angel Provider of microbiology cultivation and screening systems. The company
is involved in the discovery, development and commercialization of
microbial products.
2.59 Undisclosed
Gaia Herbs 1-Feb-16 Brevard, NC PE Growth/
Expansion
Producer of organic herbal products. The company provides different
types of medicinal herbal products that include liquid herbal, syrups,
tablets and capsules for different health issues.
20.86 Undisclosed
EchoPixel 1-Feb-16 Mountain View, CA Early Stage VC Manufacturer and developer of medical imaging devices. The company's
technology enables 3-D medical imaging for procedures like CT scans,
colonoscopies, ultrasound tests and other image-based examinations.
1.75 Undisclosed
Cricket Health 1-Feb-16 San Francisco, CA Seed Round Owner and operator of a healthcare technology company. The company
offers software and services for home dialysis accessible to patients.
2.63 First Round Capital
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 19
Monthly Healthcare Review
February 2016
Company Name
Last
Financing
Date
HQ Location Round Description
Last
Financing
Size
(Millions)
Lead Investor(s)
Private Equity Placements and Venture Capital RoundsThe following table includes institutionally placed private equity financings for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced
over the previous month.
Cirdan Ultra 1-Feb-16 Lisburn, United
Kingdom
Later Stage VC Developer of healthcare imaging technology and related software. The
company is engaged in the design, manufacture and supply of software and
imaging technologies designed to accelerate and enhance diagnosis. The
company uses its expertise in high-performance camera and image-
processing technology to develop new imaging modalities using X-ray, near-
infrared and visible light wavelengths.
4.15 Kernel Capital
Batu Biologics 1-Feb-16 San Diego, CA Angel Operator of a immunotherapeutic company. The company is focused on
developing the “ValloVax” platform, an allogeneic and universal donor
cellular vaccine designed to stimulate a targeted immune response against
the blood vessels of the tumor for an array of cancers.
0.45 Undisclosed
Atlas5D 1-Feb-16 Cambridge, CA Early Stage VC Provider of a sensor based health and movement tracking device that
allows caretakers to keep track of and engage with patients by alerting
them about any change in their movements or vital health parameters.
3.00 GreyBird Ventures
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 20
Monthly Healthcare Review
February 2016
Acquirer Target HQ Location Date DescriptionTransaction
Value (Millions)
Dentsply International Sirona Dental
Systems
Long Island City,
NY
29-Feb-16 Manufacturer of high-quality dental equipment. The company provides products
in each of its four product segments: dental CAD/CAM systems; imaging systems;
treatment centers; and instruments.
5560.00
Hikma Pharmaceuticals Roxane
Laboratories
Columbus, OH 29-Feb-16 Provider of pharmaceutical products. The company manufactures oral solids
(tablets, capsules), oral liquids (solutions, syrups), topical solutions and nasal
sprays.
2117.00
Onxeo DNA Therapeutics Évry, France 29-Feb-16 Developer of medicines for cancer treatment. The company focuses on the
development of drugs for sensitizing resistant cancer and other conventional
cancer therapies.
1.89
EviCore QPID Boston, MA 26-Feb-16 Provider of a health intelligence platform. The company's platform offers an
electronic health record search engine, a scalable library of HIPAA-compliant
search queries and a programming system for application and query development.
Undisclosed
Vance Street Capital,
Lexington Partners, NB
Private Equity Partners,
RCP Advisors, Madison
Capital Funding
A&E Medical Farmingdale, NJ 25-Feb-16 Manufacturer of a range of electrosurgical and neurosurgical medical devices
including double wire high strength sternum closure system and a wide variety of
MYO/Wire temporary cardiac pacing wires and extension leads, MYO/Wire II
stainless steel sutures, MYO/Punch surgical punches and patient cables.
Undisclosed
Natureplex Medline Industries
(Enema Category)
Mundelein, IL 24-Feb-16 Supplier of enema kits, enema bags and tubes. Undisclosed
SeQuent Scientific Indo Phyto
Chemicals
New Delhi, India 24-Feb-16 Manufacturer of steroid and hormone drugs mainly for the female health segment. 1.00
SpectraScience Oncoscope Durham, NC 23-Feb-16 Developer of clinical optical imaging applications which provides images and
information on tissue microstructure for the purpose of epithelial tissues in the
oral cavity, esophagous, stomach, colon, lung, cervix and bladder.
Undisclosed
Recipharm Mitim Brescia, Italy 23-Feb-16 Operator of a pharmaceutical contract manufacturing company. The company's
product portfolio includes beta lactams in dry sterile powder for injectable
solutions, tablets, oral suspensions and injectable sterile solutions.
75.48
Mergers and AcquisitionsThe following table includes mergers and acquisitions for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced over the previous
month.
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 21
Monthly Healthcare Review
February 2016
Acquirer Target HQ Location Date DescriptionTransaction
Value (Millions)
Mergers and AcquisitionsThe following table includes mergers and acquisitions for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced over the previous
month.
Medsphere Systems MBS/Net Cleveland, OH 23-Feb-16 Developer of document management software and and an implementer of
electronic health records. The company provides medical billing and revenue cycle
management consulting services. It also provides clients with insight into all
aspects of practice management, including ever-evolving regulations and policies.
Undisclosed
The Goldman Sachs
Group
HRA Pharma Paris, France 19-Feb-16 Designer of products, devices and supporting services in niche areas of the health
industry. The company offers reproductive health products, Bemedrex for asthma,
Deprenyl for Parkinson's disease and information and associated services for
healthcare providers and other users.
Undisclosed
Cipla Exelan
Pharmaceuticals
Lawrenceville, GA 19-Feb-16 Provider of pharmaceutical products. The company focuses on the sales and
marketing of different pharmaceutical products for the government and
institutional market.
50.00
OvaGene Oncology Etta Healthcare Edina, MN 19-Feb-16 Manufacturer and developer of healthcare devices. The company offers portable
blood test, panel based test, biomarkers and other related products.
Undisclosed
Cipla InvaGen
Pharmaceuticals
Hauppauge, NY 18-Feb-16 Manufacturer of prescription medicines. The company engages in development,
manufacturing, marketing and distribution of generic prescription medicines with
focus on wide range of therapeutic areas including, cardiovascular, anti-infective,
CNS, anti-inflammatory, anti-diabetic and anti-depressants.
500.00
Thermo Fisher
Scientific
Inel France 12-Feb-16 Provider of real-time X-ray diffraction systems. The company offers XRD
instruments, from simple benchtop instruments for routine applications to
sophisticated platforms for analysis of nano-materials, pharmaceuticals, coatings
and other advanced materials.
Undisclosed
Sogo Medical GM Medical
Company
Fukuoka, Japan 12-Feb-16 Supplier of medical instruments. The company is engaged in the supply,
installation and maintenance of medical equipment.
Undisclosed
NuVasive Ellipse
Technologies
Aliso Viejo, CA 11-Feb-16 Developer of devices for treatment of gastroesophageal reflux disease, morbid
obesity and abnormal curvature of spine. The company is focused on developing
its implantable remote control technology platforms to include treatments for a
broad spectrum of spinal and orthopedic deformity applications, orthopedic
trauma and fracture management.
410.00
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 22
Monthly Healthcare Review
February 2016
Acquirer Target HQ Location Date DescriptionTransaction
Value (Millions)
Mergers and AcquisitionsThe following table includes mergers and acquisitions for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced over the previous
month.
Astellas Pharma Ocata Therapeutics Marlborough, MA 10-Feb-16 Provider of cellular therapies and regenerative medicine. The company provides
stem cell-based technologies and other proprietary methods in the field of
regenerative medicine to bring patient-specific therapies.
359.60
Constellation
Healthcare
Technologies
MDRX Medical
Billing
Akron, OH 10-Feb-16 Provider of outsourced hospital practice management, private practice
management and consulting services (including outsourced billing, collections,
operations and financial management) to both independent and health system-
based physician groups.
30.00
Tikehau IM, Sėbastein
Aguettant
Delpharm Boulogne, France 10-Feb-16 Manufacturer of pharmaceutical products. The company engages in
pharmaceutical processing and pharmaceutical contract outsourcing. It offers
tablets, pills, film coated tablets, granulates, pouches, capsules and veterinary
products.
Undisclosed
Almirall Thermi Irving, TX 9-Feb-16 Manufacturer of temperature-controlled, radiofrequency devices for use in
medical procedures. The company develops thermistor-controlled radio frequency
technologies for applications in the aesthetic medical marketplace.
80.00
Moseda CareKit Health Toronto, Canada 9-Feb-16 Provider of an online care-coordination platform. The company offers a platform
and mobile application designed to connect patients, families and care teams to
help ensure quality care in the home.
0.07
Almirall Poli Group Milan, Italy 8-Feb-16 Operator of a diversified portfolio of proprietary drugs focused primarily on
dermatology, gynecological and respiratory products.
444.01
Caerus Corp OrthoCor Medical Arden Hills, MN 8-Feb-16 Developer of noninvasive and mobile medical devices for knee pain relief. The
company develops drug-free, noninvasive and mobile medical device which uses
pulsed electromagnetic field technology for knee pain relief.
Undisclosed
Prestige Brands DenTek Oral Care Maryville, TN 8-Feb-16 Manufacturer of dental care and oral health products. The company primarily
manufactures floss picks, nightguards and dental picks.
225.00
Schülke & Mayr Vic Pharma
Industria E
Comercio
Taquaritinga, Brazil 5-Feb-16 Manufacturer of pharmaceutical products. The company is engaged in the
production and distribution of hygiene and sanitizing products and medicines.
Undisclosed
Pozen Tribute
Pharmaceuticals
Milton, Canada 5-Feb-16 Developer of pharmaceutical and healthcare products. The company is involved
in the development and marketing of polysaccharide-based therapeutic products
used in the treatment of osteoarthritis and certain types of cystitis.
146.00
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 23
Monthly Healthcare Review
February 2016
Acquirer Target HQ Location Date DescriptionTransaction
Value (Millions)
Mergers and AcquisitionsThe following table includes mergers and acquisitions for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced over the previous
month.
Flamel Technologies FSC Pediatrics Charlotte, NC 5-Feb-16 Provider of pharmaceutical products and medical devices that have been
approved for children.
20.25
Pharmaron Quotient
Bioresearch
United Kingdom 4-Feb-16 Operator of a contract research organization in the life sciences sector. The
company focuses on integrating radiochemistry and metabolism. It provides
services related to radiochemistry, drug metabolism and E-fate, which it tailors to
pharmaceutical, biotechnology, agrochemical and chemical sponsors worldwide,
using technologies underpinned by scientific, chemical and biological expertise.
Undisclosed
ViaCyte Janssen
(BetaLogics)
Horsham, PA 4-Feb-16 Developer of transformational stem cell therapy to treat diabetes and to eliminate
a need for exogenous insulin.
Undisclosed
ResMed Inova Labs Austin, TX 4-Feb-16 Manufacturer of medical devices. The company develops and commercializes
innovative products like LifeChoice Activox and Activox DUO2 oxygen
concentrators for patients with respiratory illness.
Undisclosed
IMS Health Dimensions
Healthcare
Dubai, United Arab
Emirates
4-Feb-16 Provider of healthcare informatics and consulting services. The company provides
pharmacy benefit management, online e-claim, health information management,
drug information, patient records and e-prescribing services.
Undisclosed
Halma CenTrak Newtown, PA 4-Feb-16 Developer of real-time locating systems for healthcare facilities to provide
immediate tracking and management of medical equipment, staff and patients.
140.00
Endologix TriVascular Santa Rosa, CA 3-Feb-16 Developer of endovascular aortic repair stent graft systems. The company
provides product for treatment of abdominal aortic aneurysms and also provides
thoracic stent graft systems for the treatment of the thoracic aorta.
211.00
TE Connectivity Creganna Tactx
Medical
Galway, Ireland 3-Feb-16 Manufacturer of medical devices. The company manufactures invasive delivery
and access devices. It offers full spectrum of services to design, develop and
deliver finished medical devices.
895.00
IMS Health AlphaImpactRx San Mateo, CA 3-Feb-16 Provider of primary research and analysis for biopharmaceutical and consumer
health companies. The company uses consulting expertise, innovative technology,
proprietary physician panels and syndicated data assets to provide market research
to help its global healthcare clients make informed business decisions to develop
and market their products.
Undisclosed
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 24
Monthly Healthcare Review
February 2016
Acquirer Target HQ Location Date DescriptionTransaction
Value (Millions)
Mergers and AcquisitionsThe following table includes mergers and acquisitions for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced over the previous
month.
Cordlife Group StemLife Malaysia Kuala Lumpur,
Malaysia
2-Feb-16 Provider of stem cell banking services, stem cell therapy and consultation services.
It also offers collecting, testing, processing and cyro-preservation of umbilical
cord blood stem cells, harvesting, testing, processing and cyro-preservation of
peripheral blood stem cells and stem cell therapy services.
15.15
Cofactor Genomics Narus
Biotechnologies
Palo Alto, CA 2-Feb-16 Provider of bio-marker development services. The company operates as a early-
stage molecular diagnostics company focused on providing cures for neurological
diseases.
Undisclosed
Abbott Laboratories Kalila Medical Campbell, CA 2-Feb-16 Developer of cardiac catheter technologies. The company provides a platform of
specialized delivery and access catheters that can be leveraged across multiple
endovascular applications, including atrial fibrillation ablation, mitral valve repair,
ASD/PFO closure, left atrial appendage closure, transseptal puncture, and LV
lead placement.
Undisclosed
Shenzhen Yaohaikang
Investment
Development Company
Jiangsu Neptunus
Bio-Pharmaceutical
Company
China 2-Feb-16 Provider of research and development services of bio pharmaceutical products. 8.82
MedCap Inpac Pharma Lund, Sweden 2-Feb-16 Manufacturer of pharmaceuticals and probiotics. The company provides contract-
manufacturing services for packaging pharmaceuticals, probiotics and medical
devices.
1.36
Stevanato Group SVM Automatik Silkeborg, Denmark 1-Feb-16 Manufacturer of packaging products and assembled equipment. The company
specializes in assembly systems and packaging machines for serialization for the
pharmaceutical industry
9.44
Sun Pharmaceutical
(Solus and Solus
Care operating)
Gurgaon, India 1-Feb-16 Manufacturer and distributor of pharmaceutical products. The company provides
a wide range of pharmaceutical products such as drugs, medical supplies and
equipment.
25.10
Strides Arcolab SG Safety Pyeongtaek, South
Korea
1-Feb-16 Manufacturer of protective equipment. 13.14
Medgenome Labs Lifecode Foster City, CA 1-Feb-16 Provider of interpretive software for the human genome. The company provides
whole exome DNA sequencing infrastructures for the clinical market.
Undisclosed
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 25
Monthly Healthcare Review
February 2016
Acquirer Target HQ Location Date DescriptionTransaction
Value (Millions)
Mergers and AcquisitionsThe following table includes mergers and acquisitions for private and public medical devices, biotechnology, pharmaceuticals, and healthcare companies announced over the previous
month.
Medtronic Bellco Mirandola, Italy 1-Feb-16 Manufacturer of renal care medical devices. The company manufactures and
distributes dialyzers, fluids, machines and hematic lines for the treatment of renal
pathologies. It focuses on developing equipment for haemodialysis used in kidney
disease and also produces products for extra-corporeal blood filtration.
Undisclosed
Balchem Albion Minerals Clearfield, UT 1-Feb-16 Manufacturer of nutritional and mineral products like mineral amino acid chelates,
specialized mineral salts and mineral complexes for animals, plants and humans.
111.50
Compiled by: Morgan Reape
Sources: PitchBook, Wall Street Journal, SEC Filings, Company Press Releases, fiercebiotech.com, PE HUB, and biospace.com 26