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Elizabeth Hayes, Staff Reporter, Portland Business Journal For people with Type 1 diabetes, the more blood-glucose monitoring they can do, the better. But pricking a finger and drawing blood up to 20 times a day is both painful and inconvenient. Continuous glucose monitoring devices exist currently, but none is noninvasive — they still require a sensor to be inserted under the skin. But what if you could monitor your glucose levels with a wearable device, [...]
Elizabeth Hayes, Staff Reporter, Portland Business Journal MolecularMD, a Portland-based diagnostics company, has raised $2 million, according to a filing with the U.S. Securities and Exchange Commission. The company works with academic research centers such as Oregon Health & Science University to license new cancer biomarkers. It also has contracts with all the major global pharmaceutical companies to help bring new drugs through clinical trials and to market. Read more at bizjournals.com
Sonivate is hoping the final outcome will save lives on the battlefield. Elizabeth Hayes, Staff Reporter, Portland Business Journal Portland-based Sonivate Inc. received a $2.5 million contract from the U.S. Army to develop a wireless ultrasound system for battlefield use, building on work the company's previous success with a finger-mounted probe. The new contract began about two weeks ago and will span a two-year period, Sonivate President and CEO Jim Hatlan said. He expects to be [...]
Large Capital Infusion and Acquisition Makes New Oregon Bio Company Part of Huge Cure-Focused Portfolio
JOINT ANNOUNCEMENT FOR IMMEDIATE RELEASE – January 6, 2017 “This is the story about all the right elements coming together at the right time to show Oregon’s success in growing and accelerating bioscience startups here,” say both the Oregon Bioscience Association and OTRADI Bioscience Incubator leaders. Oregon is home to more than 840 bioscience firms and research institutions. CONTACT: Jennifer Fox., Ph.D., OTRADI Executive Director, (503) 753-8966 Denise McCarty, Executive Director, Oregon Bio, (503) 548-4432 [...]
Elizabeth Hayes, Staff Reporter, Portland Business Journal Last year, five Oregon healthcare companies, including two Oregon Bio member companies: Nemametrix and RevMedx, raised more than $11 million in venture capital. Read more at bizjournals.com.