Cameron Health hires Sprint Fidelis lead developer (Weekend Rounds)

Here are some of the top stories at MedCity News this week:

– In mid-May, Cameron Health Inc. in San Clemente, California, made headlines for developing the medical device industry’s first subcutaneous implantable cardioverter defibrillator. But a week before, Cameron quietly hired Medtronic veteran Warren Watson as executive chairman.

– Medical device companies aren’t feeling the love from Wall Street. Take the last two medical device companies from Minnesota to price their IPOs. Earlier this month, Electromed Inc. of New Brighton, Minnesota, said it raised $6.8 million at $4 share, far short of the $13.8 million the company said it would raise in May.

– Home medical products maker Invacare Corp. (NYSE: IVC) took center stage in Ohio’s gubernatorial election this week, thanks to a TV advertisement from Gov. Ted Strickland that criticizes the outsourcing of Ohio jobs by Invacare and the company’s connections to Strickland’s Republican opponent, John Kasich.

– Two Ohio medical device companies are under consideration for state loans worth a combined $1.1 million. Columbus-based skin biopsy device maker CleveX Inc. is seeking a $637,500 loan that it would use to purchase equipment and machinery to boost production capacity for its ExiClip line of devices. Youngstown-based Syncro Medical Innovations is looking for a $490,500 loan to protect intellectual property and acquire equipment and machinery.

– While many college students hope to find any job upon graduation, a second-year Case Western Reserve University medical student already has raised $100,000 for his own medical device startup. Rick Arlow and partner Zachary Bloom, a recent Case graduate in healthcare economics, started LifeServe Innovations to make emergency airway access devices inspired by the fangs of snakes.