Health

E-stethoscope Developer Strados Labs Raises $1.93M From Private Stock Sale

August 6, 2021

Philadelphia medical device developer Strados Labs raised $1.93 million in a private stock sale. Strados founder and CEO Nicholas Delmonico could not be reached for comment on the company’s plans for the funds. The financing was disclosed in documents the company filed with the Securities and Exchange Commission. In December, Strados received Food and Drug […]

These Philly Startups Were Accepted into Y Combinator’s Summer 2021 Cohort

July 13, 2021

Two Philadelphia-based startups are participating in the prominent Silicon Valley accelerator Y Combinator this summer for its second summer of virtual sessions running from June through August. Therapeutics company SFA Therapeutics, Inc. and AI-based customer-facing calls startup q&ai joined the summer 2021 batch. This summer session includes 152 companies from five continents, and startups offering […]

Cagent Vascular Receives $9M Investment to Accelerate Marketing of its Lead Product

June 22, 2021

A Wayne medical device company has raised $9 million to accelerate the commercialization of its peripheral artery disease device cleared by the Food and Drug Administration last year. Cagent Vascular received the investment from Sectoral Asset Management. Marc-Andre Marcotte, a partner and COO at the Canadian investment firm, has joined Cagent’s board of directors. Founded […]

11 Philly Tech Leaders Shaping the Future

June 18, 2021

Philadelphia continues to build on a legacy of intellectual innovation. Meet the technology thought leaders shaping our city—and the world. Dr. Subha Airan-Javia, Founder and CEO, CareAlign After spending 11 years as a healthcare information technology physician, Dr. Subha Airan-Javia began to notice the gaps and barriers impeding the clinical workflow. One of the biggest […]

PolyCore Therapeutics Awarded Supplemental NINDS Grant to Understand the Effects of its Lead Compound, PCT-3012, to Treat Cognitive Impairment in Alzheimer’s disease

May 17, 2021

PolyCore Therapeutics LLC, a biopharmaceutical company developing treatments for patients suffering from dyskinesia and cognitive impairment associated with neurodegenerative disorders, today announced that it has been awarded a $456,000 Phase II SBIR supplemental grant from the National Institute of Neurological Disorders and Stroke (NINDS) of the National Institutes of Health (NIH) to fund research of […]

Temple Spinout ExpressCells Adds New Investors to Meet ‘Rapidly Growing Demand’

April 12, 2021

ExpressCells, a gene editing technology company spun out of Temple University, has raised $590,500 in an equity financing. Founded in 2018, ExpressCells is using its own proprietary genome editing technology in combination with CRISPR to create advanced “knock-in” cell lines to enhance drug discovery and support other types of biological research. The speed of the […]

After a Pandemic Growth Spurt, COVID-19 Test Maker Biomeme is Moving its HQ to North Broad and Looking to the Future

April 6, 2021

About this time last year, Biomeme — makers of a rapid COVID-19 test and other diagnostic hardware — had about 35 people in its 10th and Chestnut streets HQ. Enter a global pandemic. The company, now about 280 employees across the U.S. and about 120 in the Philadelphia region, has outgrown its office. It will […]

FemBeat: Lia Launches Its FDA-Approved, Flushable And Biodegradable Pregnancy Test On The Market

March 15, 2021

We’ve seen quite a lot of innovation in the feminine and intimate care space. From CBD-infused, organic tampons to vegan condoms, sustainability is at the core of women’s health startups. One product category that hasn’t seen much disruption, however, is the pregnancy test. According to diagnostics startup Lia, these plastic-made products create about two million […]

Six Years in the Making, Lia Diagnostics Introduces its Flushable and Discreet Home Pregnancy Test

March 12, 2021

Six years after the Philadelphia company’s founding, Lia Diagnostics is bringing to market on Thursday what it calls the first “earth-friendly” home pregnancy test. Founded by Bethany Edwards and Anna Couturier, Lia is looking to disrupt a market sector in the U.S. that has about 12 million unique purchasers every year with a product that […]

Virus-Fighting Company Aimed at Knocking out HIV Raises $60M

February 17, 2021

A $60 million funding round will help a biotech company start an early-stage clinical trial aimed at chronic HIV infection. Excision BioTherapeutics, with offices in San Francisco and Philadelphia, said the round was led by GreatPoint Ventures and included existing investor ARTIS Ventures plus new investors Adjuvant Capital, Norwest Venture Partners, Anzu Partners, Cota Capital, […]