When we last heard from Foundation Radiology Group, the radiology outsourcing company had raised $1 million last November, funding that was revealed in a regulatory document.Now the company has filed an amended regulatory document with the U.S. Securities and Exchange Commission that indicates it’s raised another $1 million.AdvertisementThat’s consistent with Pittsburgh-based Foundation’s practices of not [...]

ALung Technologies Inc. has raised a $10 million series B round in preparation for a product launch of its Hemolung oxygen-delivery device in Germany this year, the Pittsburgh Tribune-Review is reporting.MedCity News reported back in December that the medical device company had already raised $6.6 million and filed for the CE Mark.The Hemolung Respiratory Assist [...]

Neurodegenerative disorders drug developer Cognition Therapeutics has raised $1.8 million in equity, according to a regulatory filing.The Pittsburgh-based company is developing multiple drug candidates to treat Alzheimer’s disease and similar central nervous system disorders.The latest fundraise is the first close of what’s hoped to be a $3 million series A2 round, CEO Hank Safferstein said. [...]

ALung Technologies is targeting a $10 million series B round of investment for the European launch of its respiratory assistance system that removes carbon dioxide from a patient’s blood while directly infusing the blood with oxygen.The company is already most of the way there, having just closed on $6.6 million and having received commitments for [...]

Thar Pharmaceuticals has added a $250,000 investment to its series A round as the cancer drug developer looks to continue clinical trials, according to a regulatory document.Pittsburgh, Pennsylvania-based Thar is aiming for a series A round of up to $9.6 million, CEO Ray Houck said in January. Houck didn’t respond to an inquiry last week, [...]

Flexuspine, which is developing a total spine disc replacement system, has added $2.1 million to a larger series B round of investment funding.CEO Vin Jannetty declined to reveal any more information about the Pittsburgh-based company’s past, present or future fundraising, but said Flexuspine would be making a public announcement about the B round soon. The [...]

Compression device maker Wright Therapy Products has raised about $1.1 million of what the company hopes is a $2 million fundraise, according to a regulatory document.The Pittsburgh-area company develops compression pumps and other accessories for patients suffering from poor circulation or swelling in their limbs. Wright Therapy also markets its pumps for the treatment of [...]

Imaging outsourcing company Foundation Radiology Group has raised $1 million as it looks to expand its network of community hospitals.The Pittsburgh-based company isn’t following the traditional fundraising route of discrete A, B and C rounds. Rather, the company simply raises cash as needed to fuel its growth, CFO Barbara Beaudin said.Foundation was incorporated in 2006 [...]

Fresh off receiving European regulatory approval for its tissue glue for tummy-tuck surgeries, Cohera Medical has raised more equity toward a series C round that could reach as high as $28 million.The company had been planning for $25 million for the round, but substantial investor interest may push the number higher, CEO Patrick Daly said. [...]

ThermalTherapeutic Systems has raised $800,000 toward a round of investment that will fund the commercial launch of its hyperthermic perfusion device.The portable device, called the VeraTherm, received U.S. Food and Drug Administration clearance in March 2010. The 26-pound device is used to pump heated or unheated fluid into patients’ abdomens or chest cavities.Hyperthermic perfusion is [...]