Health

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 […]

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 […]

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 […]

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, […]

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 Technical.ly that cultivate(MD), a medical device venture capital fund, was this round’s lead investor — a “perfect fit,” the CEO said. […]

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 […]

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 […]

Avanos Medical To Acquire OrthogenRx for $160 Million

December 15, 2021

Avanos Medical, Inc. (NYSE: AVNS) today announced it has entered into a definitive agreement to acquire OrthogenRx, Inc., an emerging leader in viscosupplementation therapies for the treatment of knee osteoarthritis (OA) pain, for a total consideration of $160 million. The purchase price consists of $130 million in cash at closing plus an additional $30 million […]

Revolutionizing the Manufacture of Medicine and More

December 2, 2021

Making new drugs, vaccines and gene therapy can take up to a decade or longer, and cost hundreds of millions of dollars or more. The process is complex and it requires many steps to go from conception to market. And a new platform from ChromaTan, a startup with roots in Happy Valley, is poised to […]

How Can Entrepreneurs Tackle Health Inequities with Tech Solutions?

December 1, 2021

Tennis icon Serena Williams was vocal about her difficulties as a Black woman who experienced a scary childbirth. Track and field star Allyson Felix also spoke out about the life-threatening complications she faced during her pregnancy. While these mothers — both wealthy celebrities — had access to financial resources and support to assist them during […]