Sicel names Paul McDaniel Interim CEO

Sicel Technologies, a Durham, NC based device company, has named Paul McDaniel as Interim CEO.  McDaniel is hoping to find a solution to the company's financial constraints.  The company had previously raised $33 million in 6 rounds of funding. The company has been trying to raise another $20 million in funding. Recently, workers were furloughed, and an involuntary bankruptcy petition was filed last month by McDaniel and 4 other employees.

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Humacyte raises $12 million in debt offering

Humacyte has raised $12 million in a debt offering from existing investors.  The company, based in Durham, NC is a Duke spin-out that makes artificial blood vessels with human cells to help patients with kidney failure and other diseases.

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Synecor raises $9.9 million in stock offering

Synecor disclosed in a filing with the SEC that they have raised $9.9 million from an undisclosed investor.  Synecor is a North Carolina based incubator for medical technology companies, and includes successful companies InnerPulse and TransEnterix.

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Tryton Medical raises $20 million

Tryton Medical raised $20 million in a series D round of funding led by Arnerich Massena & Associates and including existing investors PTV Sciences, RiverVest Venture Partners and Spray Venture Partners. That's a total of $37 million for Tryton, that moved to NC from Massachusetts in 2008.  For more information click here.

Deadline to apply to present at SEBIO extended until August 13

If you want to apply to present at SEBIO this year, it is still not too late.  The deadline has been extended until August 13.  For more information on applying, click here.

New surgical robot being developed at Duke University

Duke University Researcher Professor Stephen Smith from the Ultrasound Transducer Group is developing the next generation of surgical robot. An ultrasound device serves as the robot’s eyes to locate tumors for biopsy. There is an excellent video demonstration on the site. Click here for more information.

Two med tech companies get grants from NCIDEA

Two medical technology companies receive grants out of the five awarded from NCIDEA for the Spring 2010 cycle: BioShape Solutions (RTP, NC) which is developing medical devices that permit simple and effective local delivery of therapeutic agents around surgical implants, focused initially on delivering antibiotics for the prevention and treatment of orthopaedic implant infections; and
Patagonia Health
(Cary, NC), with an easy to use Electronic Medical Records software designed for physician’s small practices. For more information, click here.

40% increase in med device investing in Q2 over Q1

Moneytree Report announced that medical device investing increased 40% in both dollars and deals in the second quarter of 2010 over the first quarter with $755 million going into 95 deals in the second quarter. The Southeast ranked 5th in their analysis. For more information, go to

Becton Dickinson will add 187 jobs by 2014 in Johnston County, NC

Today's News & Observer reports that BD will open a large distribution center in eastern North Carolina.  BD will begin hiring next year, and create 187 jobs by 2014.  BD will receive state and local incentives worth up to $2.3 million if it meets hiring and investment goals. BD employs 900 people in RTP, Durham, Mebane and Burlington. It is also building a manufacturing facility in Wilson that is expected to add 90 more employees.  For more details, click here

Raleigh, NC is the third best place for business and careers, according to evaluated 200 communities in the US to find the best places for business and careers. Each community was ranked according to 12 metrics, including costs, job growth, income growth, educational attainment, and other quality of life measurements. Raleigh was ranked third overall. Des Moines, Iowa and Provo, Utah were the top 2. Huntsville, Ala was No. 8. Raleigh was ranked third in net inbound migration and fifth in projected job growth. For more information, click here.  

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