HOME >> MEDICINE >> NEWS
University of Rochester spin-off secures $2 million in funding

iCardiac Technologies, Inc., a company formed earlier this year to commercialize leading cardiac safety technologies developed at the University of Rochester Medical Center, has received $2 million in Series A funding. The financing round was led by Trillium Group and included an investment from the New York State Common Retirement Fund.

iCardiac Technologies previously entered into an exclusive agreement with the University of Rochester to license and commercialize technology and unique biomarkers that enable pharmaceutical companies to more effectively determine whether a drug poses cardiac risks. Cardiac safety has become a major concern for pharmaceutical companies during the last several years, highlighted by headline-grabbing stories about the withdrawal of several popular drugs from the market after they were linked to cardiac events. The technology also has a number of extension opportunities, including medical devices and diagnostic applications.

The New York State Common Retirement Fund invested in iCardiac Technologies through a fund managed by Trillium Group. Additionally, two other funds managed by Trillium Group, the University Technology Seed Fund and Lakefront Partners III, participated in the financing round.

"We are pleased to support an upstate technology company that is based on university research," said Alan Hevesi, New York State comptroller. "It is one of the goals of the New York State Common Retirement Fund to invest in young companies that offer the possibility of strong financial returns while supporting job growth and economic development in the state."

Jos Coronas, a general partner with Trillium -- a venture capital fund targeting growth and expansion opportunities across New York -- said the investment would allow iCardiac to grow both its workforce and its business.

"We are delighted to lead this investment," Coronas said. "This is cutting-edge technology being commercialized by an ex
'"/>

Contact: Mark Michaud
mark_michaud@urmc.rochester.edu
585-273-4790
University of Rochester Medical Center
6-Oct-2006


Page: 1 2

Related medicine news :

1. Indiana University Imaging Center receives $6M grant for kidney research
2. University hospitals wins multiple national IT awards for electronic patient data bank
3. RAND presents first Victor Fuchs Research Award to economists at Carnegie Mellon University
4. University research wins royal accolade
5. New Orleans levee report finished by panel including University of Texas at Austin engineer
6. Boston University School of Medicine faculty member receives honorary degree from alma mater
7. NY-Presbyterian Hospital/Columbia University Medical Center doctors present at 2007 AUA Meeting
8. Emory University researchers find persistent and severe asthma associated with obesity
9. Mid Sweden University leads development of digital color x-rays
10. $2.6M grant awarded to New York University College of Nursing
11. Baby aspirin better for your health, University of Kentucky study says

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:9/22/2017)... ... September 22, 2017 , ... "Success Files," a short- ... Alzheimer’s. Alzheimer’s is a disease estimated to affect the lives of more than ... the Alzheimer’s Association, a leading voice in the fight for cure and research ...
(Date:9/22/2017)... ... September 22, 2017 , ... ... and create life. Although frozen embryos have a slight statistical advantage for live ... freezing is a wonderful opportunity for women undergoing medical treatment or who are ...
(Date:9/21/2017)... ... September 21, 2017 , ... SABRE is raising awareness about personal ... to the end of November. , The Chicago, Illinois, based self-defense brand has been ... them about the ease of taking their personal safety into their own hands. , ...
(Date:9/21/2017)... ... September 21, 2017 , ... Bill Howe Plumbing’s mission is to create an ... to the community. For over 37 years, they have operated with their mission at ... in San Diego. They were chosen as the Best San Diego plumber in ...
(Date:9/21/2017)... ... September 21, 2017 , ... Japanese Zen artist couple, Fumie and Kentaro ... 7th and 8th October at Miranda Kuo Gallery on Lower East Side, NYC. This ... Zen Kodo mat. Wanderlust , one of the largest US yoga online media ...
Breaking Medicine News(10 mins):
(Date:9/6/2017)...  Medical professionals are expected to continuously ... their patients. Medical simulations offer clinicians the ... Simulation provides a safe method for teaching ... refine techniques and build confidence, without putting ... such as augmented reality, will now provide ...
(Date:9/5/2017)... 5, 2017  Xyntek Inc. has announced another milestone in their continued growth ... to meet the growing demands of customer engagements regionally.  ... Xyntek's new Midwest office is located at 318 West Adams Street, Suite ... Xyntek's ... ...
(Date:9/1/2017)... , Sept. 1, 2017  Explorers Like Us ( https://explorerslikeus.com/ ... greatest aural experiences — and deliver these experiences as part ... help people feel and heal better. ... While nothing beats a walk, jog ... your mind, Life Environments™ is the next best thing when ...
Breaking Medicine Technology:
Cached News: