A Chicago biopharmaceutical company developing new ways to treat pain, epilepsy and other nervous system disorders is following up a $43 million series B round of funding in 2010 with another round of up to $47.5 million.NeuroTherapeutics Pharma Inc. is developing a new class of medicines for neurological and neuropsychiatric conditions that includes its lead [...]

Chicago health IT company Pinpoint MD LLC has almost reached its goal of $1.5 million in fresh capital for developing its digital platform to improve diagnostic testing.Sixteen investors have participated in the $1.43 million round, according to the company’s recent filing with the U.S. Securities and Exchange Commission.Pinpoint’s website is about as vague as can [...]

The Occupy Wall Street protests continued in Chicago and the nurses unions are dispensing a new form of “first aid:”Outraged by the arrest of two nurses and a union organizer volunteering at the Occupy Chicago protest over the weekend, National Nurses United is planning a protest at Mayor Rahm Emanuel’s office Monday.The group, the nation’s [...]

A surgical imaging spinoff from the University of Illinois has raised $1.3 million in equity, according to a regulatory filing.Chicago-based Diagnostic Photonics sourced the funding from seven investors, likely including IllinoisVentures, a seed and early stage investment firm launched by the University of Illinois.CEO Andrew Cittadine didn’t return a call.var page_count = “off”; [...]

A surgical tool company focused on innovative wound care is raising fresh capital.The Chicago-based Surgimatix is developing a new medical device that would close wounds and supplant all types of sutures. It would work to heal the wound quickly but with with less scarring than surgical staples.The company has started raising up to $500,000, according [...]

An Illinois company developing a way to stop superbugs like MRSA is raising capital that would take it into earliest stages of the drug approval process.ImmuVen is developing a line of T cell receptor-related drugs. At first, the treatment will focus on infectious viral diseases such as methicillin-resistant Staphylococcus aureus (MRSA), which ImmuVen says it [...]

A regional health system in Minnesota is trying to spur healthcare innovation, particularly in health IT, by becoming a partner with a new healthcare accelerator based in Chicago.Earlier this week, Ridgeview Medical Center, a health network comprising an acute care hospital and seven clinics in the far western suburbs of Minneapolis, announced that it is [...]

An unknown bandit made off with a trailer shipment of Abbot Laboratories’ (NYSE:ABT) blood glucose monitoring products, and the company is working with law enforcement officials to get it back.In the mean time, the company warned pharmacies and consumers against products with unusually low prices as an indication that they might be [...]

Updated 4:06 p.m.North Carolina life sciences company Entegrion has licensed its blood-clotting bandage to newly formed Chicago company Beeken BioMedical.Research Triangle Park-based Entegrion developed the bandage, called Stasilon, which is made of a proprietary weave of glass and bamboo fibers, two materials that promote clotting. Entegrion has received U.S. Food and Drug Administration clearance for [...]

These doctors do make house calls.Home Physicians Management, a company that brings healthcare services to homes and assisted living facilities, has landed an $11.5 million investment from Triangle Capital Corporation (NYSE:TCAP) of Raleigh, North Carolina.var page_count = “off”; if (typeof OAS_rdl == “undefined”) {document.write(“”); page_count [...]