Finding and maintaining an edge in medical device innovation is the holy grail of companies like Medtronic (NYSE:MDT).In late November, Medtronic CEO Omar Ishrak had this tantalizing tweet about that topic:Returned from exciting trip to#Israel. Amazing entrepreneurial spirit and energy. Could be next innovation incubator for#Medtronic.var page_count = “off”; [...]

Startup Surgical Theater is developing personalized surgery simulation software that loads medical images of patients to help doctors rehearse tomorrow’s surgery today.The Cleveland-area company was started by two former Israeli Air Force officers with extensive experience developing flight-simulation technology, as well as a surgeon with University Hospitals Case Medical Center (UH).“What’s unique about these guys [...]

The uncertainty of what a post healthcare reform landscape will look like in the United States is not deterring companies from other countries from pitching for business. At a conference hosted by the America-Israel Chamber of Commerce with the Jefferson School of Population Health at Thomas Jefferson University in Philadelphia, 11 health IT and healthcare [...]

Rosetta Genomics (NASDAQ:ROSG) announced it is selling $1.9 million in securities in a private placement following a restructuring intended to reduce operating expenses announced earlier this week.The company is a developer and provider of microRNA-based molecular diagnostics and is headquartered in Rehovot, Israel with offices in Philadelphia.Earlier this week the company announced a restructuring aimed [...]

Israeli pain-relief neurostimulation device company Nervomatrix has received a $3.5 million series A investment and is planning to set up its North American sales and marketing headquarters in Akron, Ohio.The funding comes entirely from Akron-based Everett Partners, and the Israeli company will use it to establish its base in Akron, and fund product enhancements and [...]

superDimension, which creates minimally invasive devices for lung cancer treatment, has added another $11 million and a new investor as it tries to bolster sales, marketing and infrastructure.Covidien Ventures joined superDimension’s existing investors in the round. The company, which is based in Minnesota but is a subsidiary of an Israeli business, has now raised [...]

Through an innovative partnership with an Israeli technology incubator, Akron venture capital firm Everett Partners is hoping to bring several medical device firms’ U.S. headquarters to Northeast Ohio.While no startups from the Targatech Innovation Center in Netanya, Israel have set up shop in Akron yet, that could change as soon as the next few months, [...]

Bridge Investment Fund recently scored its biggest win — in the eyes of job-creation-conscious local investors, at least — when Israel-based portfolio company IceCure decided to establish its U.S. headquarters in Cleveland.That’s exactly what the Cleveland-based venture capital fund was designed to do when it was set up in 2005: Invest in Israeli medical device [...]

Israeli device company IceCure Medical has chosen Cleveland to be its U.S. headquarters, a move the company’s CEO hinted at in February.The company plans to open its U.S. headquarters at the Cleveland Clinic-led Global Cardiovascular Innovation Center campus on June 1, according to a statement from IceCure.The Israeli company has been connected to Northeast Ohio [...]

EarlySense Ltd. announced its intentions to open its U.S. headquarters in Massachusetts.The move is a “direct result” of Mass. Gov. Deval Patrick’s March trip to Israel, where he met with EarlySense officials, according to a Mass. Life Sciences Center official.“He convinced us that Massachusetts would be the best location to run our [...]