Neurostimulation company Checkpoint Surgical has raised a $1.7 million series B round of investment and expects to win European regulatory approval of its intraoperative device shortly.The Cleveland-area company will use the new funding to boost its U.S. sales and marketing staff, CEO Len Cosentino said.var page_count = “off”; [...]

Checkpoint Surgical, which has developed an intraoperative nerve stimulation device, is about a third of the way to completing a $3 million series B investment round.The suburban Cleveland company hopes to close the round by year’s end. Checkpoint would use the funding to boost its sales and marketing staff, more than doubling its employees from [...]

Cleveland Clinic neuromodulation spinoff Intelect Medical may have stealthily exited Cleveland to set up shop in Boston, but the company’s recent $78 million sale to Boston Scientific (NYSE: BSX) highlights Northeast Ohio’s growing strength in neurotechnology. Here’s a brief overview of the key players in Northeast Ohio’s rising neurotechnology industry.

Checkpoint Surgical has begun a national launch of its handheld medical device used to identify nerves during surgery.The Checkpoint Stimulator/Locator stimulates motor nerves so surgeons can avoid damaging them during surgery. The device also helps physicians gauge nerve and muscle health.The device cleared for sale by the Food and Drug Administration in October 2009 [...]

Checkpoint Surgical Inc. has raised an additional $250,000 from angel investor group Medical Growth Fund to build the inaugural sales force and distribution network for its disposable surgical device.The Checkpoint Stimulator/Locator is “used to stimulate motor nerves during surgery to help the surgeon identify where the nerve is, and what tissue is or is not [...]

Checkpoint plans to use the investment to fund a pilot launch starting this month of its stimulator, said Len Cosentino, Checkpoint’s chief executive officer. The launch will include two or three hospitals in each of five markets: Cleveland, New York, Philadelphia, North Carolina’s Raleigh-Durham and South Florida.

NDI Medical LLC has raised $2.1 million to continue developing nerve-stimulating devices to answer patient needs and improve their health care. The Highland Hills company recently spun out two technologies — one identifies nerves and muscles during surgery; the other stimulates nerves to relieve chronic pain.