Life Sciences News

These Six Startups Are Getting Up to $50,000 Each — Without Losing Equity. Meet the New Class of the Science Center’s Digital Health Accelerator

February 5, 2016

Six promising startup companies have been accepted into the second class of the University City Science Center’s Digital Health Accelerator. Imagine enrolling your ill pet in a clinical trial – for free. Or getting treatment for a chronic wound without going to the doctor’s office. These technologies are among those being developed by the six […]

PhotoSonix Medical brings in over $1.4 million in funding for acne treatment device

February 2, 2016

PhotoSonix Medical, Inc. announced today that it has received over $1.4M to advance development of its CLENS device for treating acne. The device system is designed to use light and ultrasound to destroy up to 90 percent of the bacteria that causes acne. The light energy stimulates production of toxic oxygen radicals, which kill the […]

Essential Medical Inc. Announces Successful Completion of EU Clinical Studies for MANTA™ Large Bore Vascular Closure Device

February 1, 2016

Essential Medical, Inc., a privately held medical device company addressing the rapidly growing large bore vascular closure market, announced today that it has completed enrollment of its European CE Mark clinical study of MANTA, the company’s Large Bore Vascular Closure Device. The potential worldwide market for large bore vascular closure devices exceeds $600 million. Preliminary […]

PhotoSonix Medical Secures Seed Round Funding to Develop Novel Acne Device

January 27, 2016

PhotoSonix Medical secures funding to advance the CLENS™ System, an entirely new approach for treating acne at home without antibiotics. PhotoSonix Medical, Inc. today announced that the Company has received over $1.4M to advance development of the CLENS™ device for treating acne. The CLENS™ System uses a proprietary combination of light and ultrasound to destroy […]

Philadelphia startups begin 2016 by raising $21M

January 21, 2016

Many Philadelphia tech companies have raised some considerable capital to kick off 2016, according to several filings with the Securities and Exchange Commission. At least nine tech ventures have raised funds. They include: Phenom People, a talent relationship marketing platform ($9.4 million) QuantaVerse, a consumer data provider for commercial banks ($1 million) PhotoSonix Medical, an […]

HealthQX Continues To Grow & Attract Philadelphia Talent

January 13, 2016

Adding Healthcare Analytics, Big Data and Technology Professionals To The Team. HealthQX, the progressive leader in Value-Based Payment (VBP) analytic software solutions, announced today the addition of two new members of their senior team. Frank Cerminaro was selected as the Chief Technology Officer (CTO) and Chris Simpkins as the Vice President of Analytics. In addition […]

Core Solutions Expands Northeast Footprint Via New Partnership with Mental Health Connecticut

January 12, 2016

Core Solutions, Inc., the progressive leader in integrated behavioral health Electronic Health Records (EHR) that transform the behavioral, medical and social services experience, today announced its partnership with Mental Health Connecticut (MHCONN), a statewide, nonprofit organization whose mission is to improve mental health for all Connecticut residents. This strategic partnership further expands Core Solution’s presence […]

This startup’s $1.5 million raise is a good sign for the region’s health IT aspirations

January 12, 2016

Life.io (née Lifevest Health) raised a round from a slate of local investors, something we’ve seen more and more from Philly tech companies, but this one feels especially promising in light of the major push to make the region a hub for health IT. Lifevest Health left Denver for a Philly-area accelerator three years ago. […]

BioBots named to Forbes "30 Under 30" in Manufacturing

January 8, 2016

Forbes says “Manufacturing is entering a new era thanks to 3D printing, big data, apps, robotics and other technologies.” We like who they’ve chosen as its leaders. Specifically citing the application of advanced manufacturing for healthcare uses, our friends Danny Cabrera and Ricky Solorzano at BioBots made the Forbes “30 Under 30” list for Manufacturing, […]

December 21, 2015

Three Chester County companies were among 16 in the region to receive funding commitments from the Ben Franklin Technology Partners of Southeastern Pennsylvania. The three early-stage companies will receive more than $675,000 in total investments. They are: • ESS Energy Products of Paoli, a privately owned business that produces and sells proprietary energy saving niche […]