We bring you this week’s healthcare and medtech trends, from Boston and beyond:
1. There’s $75 Million Up for Grabs
Connecticut-based HealthInvest Equity Partners filed with the SEC this week, creating a new $75 million investment fund specifically for health companies. Where are they looking to invest? There’s a specific list. If you’re increasing consumer convenience, improving elder care, providing specialized or alternate site care, increasing access to care, responding to legislative and regulatory changes, or utilizing new technology to improve care delivery, you’re in the sweet spot! They’re also interested in device and pharma companies, according to their website. Apply today.
2. Bio-Pact Is Cambridge Bound
The medical grade carbon nanotube manufacturer and developer is moving it’s corporate headquarters to Cambridge. According to a press release, Governor Deval Patrick met with Bio-Pact last June, hoping to bring the company to Massachusetts and pushing Massachusetts even closer to being the world’s leading life science ecosystem. Bio-Pact also works on projects in areas like transdermal and targeted drug delivery, and wound care.
3. Health Insurance Programming Issues Drag On
The Massachusetts Health Connecter, our state’s health insurance marketplace, announced this week that its executive director, Jean Yang, will be stepping down. According to Boston.com, Yang’s last day will be next week. This comes after criticisms of a glitchy website and confusing enrollment. Maydad Cohen will serve as interim director of the program.
4. More Venture Funding, Coming Your Way
M2D2 announced yesterday that applications are now open for their 4th annual New Venture Competition of 2015. Prizes include up to $100,000 of services from M2D2, Boston Scientific, Mintz Levin, Omni Components, Smith & Nephew and the Massachusetts Life Science Center. Finalists will present business plans at a final pitch-off on April 1, 2015 at UMass Lowell. Awards will be presented on April 16, 2015.
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