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Newest Medical Devices on Stage at MassMEDIC Event

Synthetic Bone, Robotic Treadmill Therapy, and Tissue Regeneration Technology Among Those Featured at 8th Annual MassMEDIC Investors Conference

Boston, Mass. (November 9, 2006) – The Massachusetts medical device sector demonstrated its continued strength and ingenuity today at the 8th Annual MassMEDIC Investors Conference in Boston as 24 start-up companies presented their cutting-edge medical technologies before a panel of venture capitalists and industry leaders. The companies showcased a range of new devices, including a new synthetic bone product, a special robotic treadmill therapy, and dozens of other innovative medical products.

“Year after year, Massachusetts medical device companies have shown why they are among the nation’s leaders in developing pioneering medical device technologies. Today’s presenters are also poised to make valuable contributions to the healthcare industry and to patients across the country and around the world,” said Tom Sommer, President of MassMEDIC.

As part of the daylong event, the group of 24 start-up firms made their pitches before venture capital firms and other potential investors.

Some of the inventive technologies presented at the event included:

  • A synthetic bone product: the product duplicates composition and performance of human bone, developed by Angstrom Medica of Woburn, Mass.
  • A robotic treadmill therapy: for training patients with neurological movement disorders, developed by Hocoma of Rockland, Mass.
  • Tissue regeneration that stimulates natural healing: developed by Organogenesis, Inc. ofCanton,Mass.
  • A non-invasive predictive diagnostic for Alzheimer’s disease: developed by Neuroptix Corporation of Acton, Mass.
  • A hearing loss screening product for newborns: developed by SonaMed Corporation of Waltham, Mass.
  • A rapid, needle-less, anesthesia-free wound closure device: developed by Wadsworth Medical Technologies of Westborough, Mass.

Today’s investors conference also included a special recognition of two state legislators, Senator Robert Havern and Representative Michael Rodrigues, who were sponsors of a new tax credit for Massachusetts medical device manufacturers – the first of its kind in the nation.

MassMEDIC honored six companies, recipients of this year’s Nixon Peabody/Smith & Nephew Medical Device Innovation Awards, celebrating innovative medical products that improve the quality and cost-effectiveness of healthcare. These companies are:

Haemonetics Corporation of BraintreeNMT Medical, Inc. of Boston

SuturTek, Inc. of North Chelmsford

ZOLL Medical Corporation of ChelmsfordInsulet Corporation of Bedford

Breakaway Imaging, LLC of Littleton

 

 

 

The 2006 MassMEDIC Investors Conference was sponsored by Canadian Consulate General; Comerica Bank; Deloitte & Touche, LLP; Manta Product Development; Millstone Medical Outsourcing; Ropes & Gray, LLP; and the SouthCoast Development Partnership.

The following companies presented their technology and business plans at the conference:

Access Sonotect (PortlandME)Angstrom Medica (WoburnMA)

CardioTech International (WilmingtonMA)

CorNova, Inc. (BurlingtonMA)

Paula Therese Hammond (CambridgeMA)

InfoSciTex Corporation (WalthamMA)

Kolis Scientific, Inc. (MorrisvilleNC)

MTBDiagnostics, Inc. (WoburnMA)

Organogenesis Inc. (CantonMA)

Photon etc. Inc. (Montreal)

SonaMed Corporation (WalthamMA)

TBS Technologies, LLC (HollistonMA)

Active Surfaces Technologies Inc. (BoylstonMA)BioSurfaces, (AshlandMA)

Consistent Cardiogram Corporation (WorcesterMA)

GVD Corporation (CambridgeMA)

Hocoma Inc. (RocklandMA)

InVivo Therapeutics Corporation (CambridgeMA)

Matritech, Inc. (NewtonMA)

Neuroptix Corporation (ActonMA)

Perfusion Technology LLC (LowellMA)

Simplicity™ Orthopedic Solutions, LLC (Andover, MA)

Synceros, Inc. (IthacaNY)

Wadsworth Medical Technologies (Westborough, MA)