Inflammatix raises $102M

[Image courtesy of Inflammatix]Inflammatix announced last month that it closed a $102 million Series D financing round to support its diagnostics portfolio.

Burlingame, Calif.-based Inflammatix develops a molecular diagnostic designed to read the patient’s immune system to deliver rapid results, with an initial focus on acute infection and sepsis. Its HostDx tests combine proprietary biomarkers and advanced machine learning. The company was included on Medical Design & Outsourcing’s list of 20 startups you need to know.

Tests developed by Inflammatix can identify the presence and type of infection and the risk of severe disease to enable more informed decisions by physicians. The tests are run on the company’s sample-to-answer, cartridge-based, point-of-care Myrna test system designed to deliver results in under 30 minutes.

Funds raised in the Series D are earmarked to support regulatory clearance and global commercialization of the Myrna sy…

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The medtech industry isn’t immune from COVID-19 troubles, but exciting innovation continues. These 20 medical device startups have grabbed our attention.

Tom Salemi, DeviceTalks Editorial Director and Sean Whooley, Assistant Editor

A number of medical device startups continue to make waves across the space, with new technologies and eye-watering fundraising rounds highlighting some exciting prospects.

From treating children with congenital heart disease to therapy that alleviates the effects of traumatic nightmares — and with plenty more innovations between — there is no shortage of intriguing medical devices and therapies coming up through the ranks.

“Even in the face of the COVID-19 pandemic, we continue to see tremendous energy in the medtech innovation ecosystem,” said Paul Grand, CEO of MedTech Innovator. “We are noticing a strong trend of minimally invasive medical devices that improve patient outcomes and require less time spent in th…

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