Innovation, influence and business in America's medical cities.

Compendia Bioscience Inc. in Ann Arbor, Michigan, has won a $1.3 million Small Business Innovation Research Fast Track award to create a way for scientists to survey micro-RNA data across databases.

Two University of Michigan MBA graduates have formed Resonant Venture Partners in Ann Arbor to invest in seed-stage IT, life sciences, advanced manufacturing, alternative energy and defense companies in their state.

Stryker Corp. (NYSE: SYK) has agreed to buy Gaymar Industries Inc., the medical products maker in Orchard Park, New York, for $150 million in cash. Founded in 1956, Gaymar Industries specializes in support surface, pressure ulcer and, temperature management equipment and supplies for institutions and homes.

The Michigan Accelerator Fund I launched today with $10 million for early stage life science and technology companies in West Michigan. The fund was developed to leverage hundreds of millions of dollars already invested in West Michigan’s science and research infrastructure by filling the region’s early stage funding gap and creating jobs.

Molecular diagnostics startup Swift Biosciences Inc. has pulled in a $3 million Series A investment.The Ann Arbor, Michigan-based company will sell molecular biology reagents, which help scientists and doctors conduct genetic tests to identify whether patients are susceptible to specific diseases.Reagents are chemicals used in lab settings to determine whether a chemical reaction has occurred, [...]

Aspen Surgical Products Inc. has acquired the blades and scalpels business of Becton, Dickinson and Co. for an undisclosed sum.Aspen’s acquisition of BD’s Bard-Parker business beefs up its line of products for operating room use, according to a statement from RoundTable HealthCare Partners, the Illinois-based private equity firm that owns Aspen.Aspen sells a wide variety [...]

Cerenis Therapeutics has pulled in a $51.7 million Series C round to fund Phase 2 trials of a drug that treats cardiovascular disease.The company, with operations in France and Ann Arbor, Michigan, has now raised $138 million in venture funding since its 2005 inception, according to a statement. (The company listed its funding amounts in [...]

Adeona Pharmaceuticals (AMEX: AEN) has received a $1 million equity investment from a Florida private equity firm as the drug developer looks to bring a drug to market for the first time.The funding comes from the sale of 1.2 million shares to Seaside 88 LP, according to a statement from Adeona.Any source of cash is [...]

Plymouth Venture Partners has closed on $16 million and hopes to at least double that amount before it’s done raising cash for its second fund.After the $16 million close was revealed in a regulatory filing, CEO Mark Horne said the company expects to close on another $16 million in the fall and may look to [...]

Monteris Medical Inc. has raised $3.4 million in equity for a device that enables minimally invasive laser surgery for brain tumors, according to a filing with the Securities and Exchange Commission.Monteris hopes to stretch the funding round to about $4.5 million, CEO Jim Duncan said. The 25-employee company has garnered $21 million in investment funding [...]