Strados Labs Secures Another FDA Clearance For its Electronic Stethoscope Technology

May 27, 2022

Strados Labs, a Philadelphia-based medical technology company, has received Food and Drug Administration clearance for the home use of its RESP respiratory monitoring system. The 6-year-old company called the FDA clearance, its second in less than 18 months, a “major milestone” because it will allow the product to be used by patients in their homes […]

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PolyCore Therapeutics Secures Seed Financing to Address Motor Symptoms and Dyskinesia Associated with Parkinson’s Disease

April 12, 2022

PolyCore Therapeutics, Inc., a biopharmaceutical company developing treatments for patients suffering from dyskinesia and cognitive impairment associated with neurodegenerative disorders, today announced a seed investment from Xontogeny, LLC and Ben Franklin Technology Partners of Southeastern Pennsylvania to advance their lead compound, PCT-3012, a novel G protein-biased D3 receptor agonist to reduce motor impairment in Parkinson’s […]

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Strados Labs Awarded $990K to Develop Wearable Lung Sensor

April 4, 2022

Strados Labs has been awarded a $990,118 grant to advance the development of its RESP Smart Sensor Platform, a noninvasive wearable lung device to help in the early detection of chronic obstructive pulmonary disease (COPD) and other respiratory infectious conditions. The funds are part of a second phase of a two-year Small Business Innovation Research […]

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Phrase Health got $1.7M From NIH for its Better Patient Outcomes Dashboard

March 14, 2022

Phrase Health, maker of electronic health record data tools, announced Tuesday it had been awarded $1.7 million in a Phase 2 Small Business Technology Transfer Program (STTR) grant from the National Institute of Health. The funding comes to company after it received a $225,000 Phase 1 STTR grant last year. Phrase Health, based out of […]

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Medtech Company, Strados Labs, Awarded National Science Foundation SBIR Phase II Grant

March 12, 2022

Strados Labs, a medical technology company harnessing the power of smart sensors, machine learning and proprietary algorithms to provide early detection and predictions of worsening respiratory diseases, announced today it has been awarded a two-year Small Business Innovation Research (SBIR) Phase II grant from the National Science Foundation (NSF) for $990,118. “It’s such an honor […]

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InfraScan Announces FDA Clearance of the First Hand-Held Diagnostic Device for Traumatic Brain Hemorrhage in Children

February 18, 2022

InfraScan, a medical device firm specializing in traumatic brain injury diagnostic products, announced a newly expanded FDA indication today. The expanded indication includes the use of Infrascanner for the detection of traumatic supratentorial hematomas in adults, and now pediatric patients aged 2 years and older. “We are excited to announce the FDA has granted clearance […]

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13 Philadelphia-Area Startups to Keep Your Eye on in 2022

January 10, 2022

Soaring investor confidence in 2021 led to accelerated funding activity for enterprising technologies, entrepreneurs and businesses in Greater Philadelphia. Startups throughout the region raised record amounts of capital last year while posting tremendous growth, even as the Covid-19 pandemic continued to impact the global workforce and supply chain. Recognizing some of the most promising startups, […]

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Respiratory Device Company Strados Labs Raised $4.5M, With 2022 Hiring Plans

January 6, 2022

Strados Labs, maker of a non-invasive respiratory smart device and system, has raised $4.5 million with plans to grow its team and scale its platform for more trials. CEO and cofounder Nick Delmonico told that cultivate(MD), a medical device venture capital fund, was this round’s lead investor — a “perfect fit,” the CEO said. […]

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Deals That Transformed Philly’s Tech Scene in 2021

December 28, 2021

The relentless rise in U.S. tech stock prices since the last recession, and the private-company valuations that follow those stock trends, this year fueled a rush of deals by Big Tech and private-equity giants, reshaping the landscape of Philly’s technology employers alongside everyone else. Just last week, Oracle, the Silicon Valley business-software giant, which has […]

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ExpressCells and Funakoshi Establishes Japanese Distribution Agreement

December 22, 2021

ExpressCells, Inc., a genetic engineering company that creates genetically edited cell lines for research and production, and Funakoshi Co., Ltd., a leading Japanese distributor of scientific products, announced today that the companies have entered into a strategic partnership where Funakoshi will distribute ExpressCells’ products in Japan. The agreement brings together two companies advancing innovation by […]

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