3 Philadelphia-area medical firms combine for more than $1M in funding

Three medical companies — a diagnostics business, an imaging company and another creating a treatment for head lice — were among nine businesses to receive a share of $1.8 million from Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP).Topaz Pharmaceuticals, based inHorsham, received $500,000. The company is developing a topical cream that treats head lice [...]

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Molecular Detection raises $1.4M for disease diagnostics

Molecular Detection Inc. has raised $1.4 million in equity to develop a series of tests for infectious diseases, according to a regulatory filing. with the Securities and Exchange Commission.The company says its Detect-Ready technology offers a more quick and accurate means of diagnosing diseases. Its first product tests nasal samples for MRSA, a staph infection [...]

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