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BioWorld - Tuesday, May 5, 2026
Home » Topics » Medical technology, Financings

Medical technology, Financings
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Financings for May 15, 2023

May 15, 2023
Med-tech firms raising money in public or private financings, including: Inspiremd, Sealonix, Venus Concept.
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Med-tech financings April 2023

Venture capital comprises 86% of declining med-tech financings in April

May 12, 2023
By Amanda Lanier
Med-tech financings have continued to decline from 2021's peak when they brought in a combined total of $27.76 billion through April. In the first four months of 2022, that dropped 61.74% to $10.62 billion and this year they have fallen 44.16% to $5.93 billion. Broken out by type of financing, med-tech follow-ons are higher than the same period last year ($2.6 billion in early 2023 vs. $1.73 billion through April of last year).
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Financings for May 12, 2023

May 12, 2023
Med-tech firms raising money in public or private financings, including: Assure.
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Sensydia lands $8M for AI-powered cardiac assessment tool

May 12, 2023
By Meg Bryant
Sensydia Corp. reeled in $8 million in a financing round to advance its noninvasive Cardiac Performance System (CPS) platform, which uses heart sound analysis to enable earlier detection and better therapy guidance for patients suffering from heart failure and pulmonary hypertension. The funds will be used to finalize product development, acquire tooling, begin manufacturing and make submissions to the U.S. FDA.
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Stock chart, red down arrow

Viewray withdraws guidance following dramatic cut in April

May 11, 2023
By Annette Boyle
In February, Viewray Inc. said it expected to post 25% to 40% revenue growth this year. By April, the company said delays in installations would cut growth to 0% to 15% and it announced it was pursuing strategic alternatives with Goldman Sachs. Less than a month later, on May 10, the company withdrew its guidance entirely citing “the current market conditions and ongoing strategic process.”


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Financings for May 10, 2023

May 10, 2023
Med-tech firms raising money in public or private financings, including: Kalos Medical.
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Financings for May 9, 2023

May 9, 2023
Med-tech firms raising money in public or private financings, including: Ascertain, Lucem Health, Optain, Sensydia, Transmedics.
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Financings for May 8, 2023

May 8, 2023
Med-tech firms raising money in public or private financings, including: Si-Bone, Transmedics Group.
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Magenta Medical raises $55M to develop world’s smallest LVAD

May 8, 2023
By Bernard Banga
Magenta Medical Ltd. has raised $55 million to fast-track the development of the world’s smallest left ventricular assist device (LVAD). The financing round was led by Orbimed Private Investment LLC. With the participation of existing investors, New Enterprise Associates, Pitango VC Ltd. and Alive MS Ltd. “We will use this funding, in particular, to advance the clinical programs in the U.S. towards our first FDA approval,” David Israeli, CEO of Magenta Medical, told BioWorld.
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When the music stopped, Insulet posted record growth and new positions for multiple execs

May 8, 2023
By Annette Boyle
Insulet Corp. once again broke records with a nearly 50% increase in Omnipod revenues in U.S. in the first quarter and a 32% increase in revenue from the tubeless insulin delivery device worldwide. In an unusual move following such positive quarterly results, the company simultaneously announced a major shake-up in the leadership team, with multiple senior members moving to new positions starting July 1. The latest round of musical chairs comes almost exactly a year after the last at the Insulet, when Founder, President and CEO Shacey Petrovic stepped down and Jim Hollingshead assumed the top spot.
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