Micrus added to Neurotech Index

Micrus Endovascular (San Jose, California) said that it has been added to the newly formed NASDAQ NeuroInsights Neurotech Index, launched Sept. 25, 2007. The NASDAQ stock market and NeuroInsights, a research firm that focuses on neurotechnology, partnered to create the index, which is disseminated under the symbol “NERV.”

The NASDAQ NeuroInsights Neurotech Index is a pure-play modified market-capitalization-weighted index designed to track the performance of the largest and most liquid neurotechnology companies that are listed and actively traded on one of the three major U.S. stock exchanges. The Index is designed to track the performance of publicly traded companies researching, developing, manufacturing and marketing pharmaceuticals, biologics, medical devices and diagnostics for the brain and nervous system. Index companies are defined by NeuroInsights as significantly involved in neurotechnology and must meet market criteria including a $200 million market capitalization and a three-month average daily trading volume of 100,000 shares.

Tissue Extraction retains advisory firm

Tissue Extraction Devices (Indianapolis), a privately held company focused on developing medical devices, reported that the company has advanced its intellectual property initiative by retaining IP investments Group (Atlanta), an IP business advisory firm, to market Tissue Extraction’s device technology. The IP portfolio consists of four allowed and pending U.S. patent applications.

The portfolio provides technologies that can be applied to a pneumatically controlled medical device. While the technologies can be applied to many devices, the improvements provided in the IP Portfolio would particularly benefit breast biopsy devices that are both on the market and in development, the company said.

Frost & Sullivan: Wireless market to grow

New analysis from Frost & Sullivan (Palo Alto, California) titled “U.S. Wireless Infrastructure Markets for Healthcare Providers” reports that the wireless market continues to grow at high single-digit rates.

Healthcare providers’ desire to improve patient care will continue to bolster the already robust sales of wireless infrastructure in the next five years. In-building solutions such as distributed antenna system (DAS), part of the wireless infrastructure market, offer complete spectrum coverage. This provides end users with a new set of wireless infrastructure options, the report suggests.

Burnham, UCF to expand in Lake Nona

The Burnham Institute for Medical Research (Burnham Institute; Orlando, Florida) and the UCF College of Medicine (Orlando) broke ground Oct. 3 at the region’s emerging life sciences cluster.

Burnham Institute and UCF College of Medicine will serve as cornerstone elements of the cluster, projected to have an economic impact of billions of dollars and generate thousands of jobs in the next 10 years, according to a study by the Milken Institute (Santa Monica, California). Lake Nona’s Science & Technology Park is also the preferred site for the Orlando Veterans Affairs Hospital and the Nemours Orlando Children’s Hospital and Research Campus.

Burnham Institute’s 175,000 square-foot building will be comprised of two major structures: a two-story administrative wing and a three-story research wing, which will seek Leadership in Energy and Environmental Design (LEEK) certification.