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).
