Cardiovascular Systems, Inc. Announces Former U.S. Congressman Erik Paulsen Joins Board of Directors

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Via News Release

ST. PAUL, Minn.–(BUSINESS WIRE)–Cardiovascular Systems, Inc. (CSI®) (NASDAQ: CSII), a medical device company developing and commercializing innovative interventional treatment systems for patients with peripheral and coronary artery disease, today announced the addition of independent board member Erik Paulsen. He replaces director Scott Bartos, who is retiring from the board after seven years of service. The CSI board continues to have seven directors, six of whom are independent.”

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Mayo Clinic, Boston Scientific Teaming Up on Med-tech Accelerator

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Via Minneapolis/St. Paul Business Journal

Mayo Clinic and Boston Scientific Corp. on Monday will announce the formation of Motion Medical, a med-tech accelerator based near Mayo’s headquarters campus in Rochester, Minnesota.

In a statement, the organizations said Motion Medical would focus on development of new medical technology and minimally invasive treatments. The 1,800-square-foot facility will be located in One Discovery Square, the life-sciences research building that’s a key part of Rochester’s multibillion-dollar Destination Medical Center project.”

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Revel Announces Inaugural Healthcare Innovation Conference August 14-15, 2019

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Via News Release

“MINNEAPOLISJuly 9, 2019 /PRNewswire/ — Representatives from Revel, a leading health action platform, announced Rev Up 2019, a new event to be held at the Hewing Hotel in downtown Minneapolis August 14-15, 2019. Rev Up 2019 is designed for change makers, innovators, and thought leaders passionate about making an impact in healthcare and eager to stay current with the changing healthcare landscape. The agenda for Rev Up 2019 will include forward-thinking keynote speakers, panel discussions, and sessions intended to generate healthy collaboration, spur new ideas, and change mindsets around creating healthier action for members, patients, and healthcare consumers in general.”

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Agiliti Acquires Zetta Medical Technologies

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Via News Release

“MINNEAPOLIS–(BUSINESS WIRE)–Agiliti, Inc. (“Agiliti”), a leading, nationwide provider of healthcare technology management and service solutions, today announced it has acquired Zetta Medical Technologies, LLC (“Zetta”), a provider of medical imaging equipment services and parts, based in Lake Zurich, Ill.”

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Doctors Slow to Adopt Tech Tools that Might Save Patients Money on Drugs

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Physicians complain that there's not yet a standard drug-pricing tool available to them that includes the range of medicine prices each of their patients might face — one that takes into account their particular pharmacy choice and health insurance plan.

Via MPR News, Phil Galewitz

“When Mary Kay Gilbert saw her doctor in May for a skin infection on her leg, she wasn’t surprised to receive a prescription for an antibiotic cream. But Gilbert, 54, a nurse and health consultant, was shocked when her physician clicked on the desktop computer and told Gilbert the medicine would cost $30 on her Blue Cross and Blue Shield plan. ‘I was like, “Wow — that’s pretty cool that you know that information,” ‘ she recalled telling the doctor in Edina, Minn.”

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Reprise Biomedical Raises $12.5 Million and Completes Spin-off From Miromatrix Medical

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Via News Release

Reprise Biomedical.png“Minneapolis, Minn. (July 1, 2019) – Reprise Biomedical, Inc., a Minnesota-based startup focused on commercializing biological medical devices manufactured using a proprietary perfusion decellularization technology, has successfully completed a $12.5 million private placement and commenced operations as a spin-off from Miromatrix Medical Inc.”

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Player’s Health Closes Series A Investment Round to Transform Risk Management and Insurance in Amateur Sports

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Via News Release

Image result for Player's Health Logo“Minneapolis, July 1, 2019 – Player’s Health has secured funding to support growth and capitalize on existing and new opportunities. The investment was made by Eos Venture Partners, a specialist insurance venture capital investor with offices in London and Philadelphia and Boston-based Sports-Tech focused investor Will Ventures.”

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Medtronic Reports Cybersecurity Flaw in Insulin Pumps

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Via Twin Cities Business

Medtronic on Thursday reported a cybersecurity flaw in its older-model insulin pumps. The company has notified customers that the flaw could make the devices vulnerable to hackers. If someone were to wirelessly connect to a nearby pump, they could change settings and control insulin delivery, which could lead to serious health problems.

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Minnesota Cup Winner MicroOptx is Raising $16.8M

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Via Minne Inno

Image result for MicroOptx logo“MicroOptx, a medical device company that won the Minnesota Cup’s grand prize in 2017, has raised $13.8 million in a planned $16.8 million round, according to an SEC filing. The company raised the $13.8 million from 48 investors, the filing states. MicroOptx could not immediately be reached for comment regarding its plans for the new funding. Maple Grove-based MicroOptx makes a device for treating glaucoma, a condition that causes damage to the optic nerve and results in vision loss. The company offers a tiny implant that aims to reduce pressure on these nerves.”

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