Monday, March 12, 2012

Saladax Biomedical, Inc. Expands Distribution of My5-FU in Spain and Portugal

Bethlehem, PA, March 12, 2012 – Saladax Biomedical, Inc., a privately held company developing and commercializing novel diagnostic assays to achieve the promise of personalized medicine for new and existing therapeutics, announced today it has entered into a distribution agreement with INyDIA Labs, based in Madrid, Spain, for My5-FU™, a test that measures levels of a widely-used anti-cancer drug, 5-fluorouracil (5-FU), in the blood of cancer patients.

http://www.lsgpa.com/saladax-biomedical-expands-distribution-my5-fu-spain-portugal/937/

Monday, March 5, 2012

Penn State College of Medicine

Penn State College of Medicine announced this morning it has been awarded a $425,000 grant as part of the Discovered in PA, Developed in PA program, from the Pennsylvania Department of Community and Economic Development.
Read the full article here:  http://www.pennlive.com/midstate/index.ssf/2012/03/penn_state_college_of_medicine_7.html

     

Thursday, March 1, 2012

The Life Sciences Greenhouse's Newest Investment


LSGPA INVESTS $250,000 IN MICRO INTERVENTIONAL DEVICES, INC.
Medical Device Developer Striving to Make Cardiac Surgery
Faster, Safer and Less Costly

Bethlehem, PA – March 1, 2012.  The Life Sciences Greenhouse of Central Pennsylvania (LSGPA) announced today an investment of $250,000 in Micro Interventional Devices, Inc. (MID), a developer of structural heart repair technologies.

MID’s initial product offering is a minimally invasive device known as Permaseal™, which provides access and wound closure during structural heart repair procedures.  Designed to move with the beating heart while still keeping the edges of the wound closed, the Permaseal device not only enables wound healing without the use of sutures, it is cost- and time-efficient.

“The Permaseal access and closure device will enable unprecedented safe and reliable transmyocardial access for structural heart repair procedures,” says Michael Whitman, President & CEO.  “It is our hope that Permaseal becomes the new standard of care for access and closure for these procedures.”

The patent pending Permaseal technology allows the surgeon to remotely affix a biocompatible implant to the apex of the heart, creating an “access site” on the myocardial surface of the heart. This provides sutureless access for a wide range of structural heart repair procedures including transcatheter aortic valve implantation (TAVI), transcatheter mitral valve replacement, mitral valve repair and other emerging structural heart repair procedures.