A Cleveland Clinic spinoff that’s developed a self-clearing catheter system has raised its first institutional round of investment funding.Clear Catheter Systems has landed a $4 million round, led by Aphelion Capital and California Technology Ventures, with participation from Research Corporation Technologies, according to a statement from Bend, Oregon-based Clear Catheter.Clear Catheter plans to use the [...]

Cleveland Clinic spinoff Clear Catheter Systems, which recently closed a $1.2 million angel investment round, has received FDA approval to sell its PleuraFlow Active Tube-Clearance System in the United States. PleuraFlow keeps catheters clear while draining blood and other fluids from the chest after heart or lung surgery.

Cleveland Clinic spinoff Clear Catheter Systems Inc. has raised $1.2 million in equity to help support the launch of its lead product, PleuraFlow.

Updated 4:36 p.m.Cleveland Clinic Innovations — the corporate venturing arm of the nation’s top heart hospital — is entering its second decade with a first-of-its-kind venture ranking, a brand-new incubator building and a growing portfolio of spin-out companies.AdvertisementPerhaps most impressive, those companies — 33 in all — have attracted more than $340 million in follow-on [...]

Clear Catheter Systems has received regulatory clearance to sell its active catheter-clearance system PleuraFlow in Europe and has launched the product in markets there.So far, the spin-off from the Cleveland Clinic has the CE marking from the European Union and market approval from Health Canada, but the company is still awaiting a nod from the [...]

Updated 7:35 p.m.A pre-clinical evaluation of a self-clearing chest tube developed by Clear Catheter Systems Inc. has demonstrated the tube that clears itself works better to drain the chest after surgery than a passive tube of the same size.The Cleveland Clinic spin-off based in Cleveland and Bend, Ore., is applying for U.S. and European market [...]

Clear Catheter Systems Inc. has won the 2009 EACTS TechnoCollege Innovation Award for its investigational catheter tube-clearing system, PleuraFlow.