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BioWorld - Wednesday, December 17, 2025
Home » Topics » Newco news

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Newco news

Eliem Therapeutics Inc. has big plans for big markets

March 26, 2021
By Anette Breindl
Eliem Therapeutics Inc. is old-fashioned in the useful ways. The company is going after extremely large indications, including chronic pain and major depression. “We’re really passionate about these large markets,” Eliem President and CEO Bob Azelby told BioWorld. “These patients live in the shadows… There’s so many people suffering.”
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Pain illustration
Newco news

Startup Navega tests gene therapy for pain syndromes

March 19, 2021
By Anette Breindl
Researchers at the University of California at San Diego have used a gene therapy approach to treat pain by specifically suppressing the Nav 1.7 ion channel in the spinal cord, both preventing and reversing pain in several animal models with distinct underlying reasons for pain.
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3D lung segmentation

Medi-Scan’s digital tool converts ultrasound images to 3D at the point of care

March 9, 2021
By Meg Bryant
Medi-Scan Inc. has emerged from stealth mode with cloud-based software that converts the data on ultrasound analog 2D grayscale images into a digital 3D high-definition (HD) format in less than two minutes. The company is currently focusing its efforts on the heart and lungs, with the aim of providing quick, point-of-service evaluation and triaging of patients with heart disease and other conditions, including COVID-19.
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Device image

‘Truly innovative’ device worthy of $3.37M funding award, says France’s Ministry of Health

March 8, 2021
By David Godkin
TORONTO – Novel. Unique. Revolutionary. Terms too often used to indiscriminately describe medical devices that have yet to prove their stuff. Not so at France’s Ministry of Health which takes care to deem winning devices under its Forfait Innovation (FI) program “truly innovative, not simply incremental developments.” Last week the FI awarded Vancouver, British Columbia’s Evasc Neurovascular Inc. €2.76 million (US$3.37 million) to test its CE-marked Eclips for treating intracranial bifurcation aneurysms during a 119-patient trial at 20 French sites in 2021.
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Microrobotic device next to a penny

Bionaut lands $20M to develop microscale robots to treat CNS disorders

March 4, 2021
By Annette Boyle
Bionaut Labs emerged from five years in stealth mode raising $20 million to develop Bionauts, microrobots designed to deliver therapies to treat brain disorders. The financing will support the company’s therapeutic program in glioma through preclinical development and further research and development in Huntington’s disease.
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Microrobotic device next to a penny

Bionaut lands $20M to develop microscale robots to treat CNS disorders

March 3, 2021
By Annette Boyle
Bionaut Labs emerged from five years in stealth mode raising $20 million to develop Bionauts, microrobots designed to deliver therapies to treat brain disorders. The financing will support the company’s therapeutic program in glioma through preclinical development and further research and development in Huntington’s disease. Khosla Ventures led the financing with participation by Upfront Ventures, Revolution LLC, BOLD Capital Partners, and Compound.
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Patient with physician in hospital holding the Spincare system

Nanomedic's wound care system spins out skin-like dressing

Feb. 25, 2021
By Annette Boyle
If Marvel’s Peter Parker had chosen to apply his graduate work in biochemistry and his web-shooters to medicine, he might have created something like Nanomedic Technologies Ltd.’s Spincare system. The system uses a hand-held medical gun that prints a flexible, transparent layer of artificial skin directly on a wound or burn. The Electrospun Healing Fiber (EHF) technology creates a waterproof, protective nano polymer matrix.
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RNA illustration

For therapeutic RNA, chasing its tail may be the way to go

Feb. 24, 2021
By Anette Breindl
RNA has “huge potential” as a therapeutic modality and is beginning to deliver on that potential. But “manufacturing RNA has issues in production, delivery and performance,” Thomas Barnes told BioWorld. Barnes is the CEO of startup Orna Therapeutics LLC, which has the goal of addressing those issues with oRNA, an engineered form of circular RNA.
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Lungs wireframe illustration
Newco news

Asalyxa raises a seed financing to develop an ARDS therapy

Feb. 23, 2021
By Lee Landenberger
Asalyxa Bio Inc. has closed on an oversubscribed seed financing of more than $2 million designed to advance its lead candidate, ASX-100, into the clinic in acute respiratory distress syndrome.
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Product image

Newco news: Ellen Medical develops portable and affordable dialysis machine

Feb. 19, 2021
By Tamra Sami
PERTH, Australia – About seven years ago, Australia’s George Institute for Global Health conducted a study to find out how many people require dialysis for end-stage kidney failure compared to how many people receive treatment.
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