Bone adhesive dev Launchpad Medical raises $9m | Medtech Funding Roundup

Launchpad Medical has raised $8.5 million in a new round of equity financing, according to recently posted SEC filings. The Lowell, Mass.-based medtech company is developing the Tetranite injectable, synthetic adhesive solution intended for bone repair. Tetranite is bioresorbable and is designed to provide instant adhesive capabilities to treat fractured bone and to stabilize metal hardware in compromised bone, according to the company’s website. The company is looking to raise an additional $1 million in the round, which would bring the total raised to $9.5 million. The round was joined by 71 unnamed investors, according to the filing, with the first sale date noted on December 21. LaunchPad Medical has not yet officially commented on the funding round or how it plans to spend funds raised. Medtech cybersecurity firm Cynerio raises $7m Medical device cybersecurity solution developer Cynerio has raised $7 million in a new round of funding to help support its healthcare-focused cybersecurity platform. The round was joined by Accelmed, DRC, MTIP and other global venture capital firms, the company said. Cynerio has developed a platform intended to analyze medical workflows in an internet of medical things ecosystem, the New York-based company said. “Cynerio is committed to protecting the future of healthcare by focusing on its weakest link – the connected medical devices and internet of medical things. We are delivering a tailor-made, healthcare driven solution for...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Featured Wall Street Beat ALung Technologies Inc. babyscripts BioCardia conextionsmedical Conventus Orthopaedics cynerio decisionsciencesmedical Jarvik Heart launchpadmedical Leviticus Cardio royalphilips Source Type: news