Financial

Medtech investment hits 6-year high in Minnesota

January 15, 2015 by Scott Wooldridge

Investment in medical device companies hit a 6-year high in Minnesota in 2014, according to data from LifeScience Alley’s annual report on investing in the North Star State.

Investment in Minnesota’s thriving medtech scene hit a 6-year high in 2014 and the state saw a significant jump in pharma/biotech investments, according to LifeScience Alley’s annual report.

The group’s “2014 Annual Report on Minnesota Life Science Investments” found that investment in Minnesota life science companies reached a new high of $430 million in 2014, up 23.2% over 2013 investments of $349 million.

Some of the companies with the biggest investments were Holaira, which makes devices to treat pulmonary disease ($42 million); Inspire Medical Systems, which manufactures an implantable device to treat sleep apnea ($40 million); and Monteris Medical, a developer of laser systems for neurosurgery ($30 million).

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Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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