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Currie Medical to expand in Norfolk
Currie Medical, a medical device manufacturer, plans to invest $1.22 million to expand its operations in Norfolk, creating an estimated 60 jobs, the governor’s office announced Friday. Based in Franklin, Tennessee, Currie Medical will lease a 30,000-square-foot building at 3701 E. Virginia Beach Blvd. in Norfolk, where it will house its medical device reprocessing operation […]
Cadence acquires Conn. device components manufacturer
Staunton-based medical and drug delivery devices manufacturer Cadence Inc. has acquired Connecticut-based miniature medical device components manufacturer Utitec Inc., Cadence announced Tuesday. Financial details of the transaction were not disclosed. Utitec specializes in miniature, deep drawn medical device and commercial components. The company has a medical facility in Costa Rica. “Acquiring[...]
Smithfield Foods division makes new medical device
Smithfield Foods Inc.’s Cincinnati-based porcine-derived medical products unit, Smithfield BioScience, and Atlanta-based medical device company BioCircuit Technologies announced Wednesday that the two will produce a medical device for nerve repair after traumatic injuries. The device, called Nerve Tape, will allow nerve repair without stitches. It is an implantable device made from pig small[...]
Ill.-based company to acquire Madison County-based life sciences consulting firm
Western Springs, Illinois-based consulting company The Planet Group, a MidOcean Partners portfolio company, announced Thursday it has entered into an agreement to acquire Rochelle-based life sciences management consulting firm NDA Partners. Financial terms of the acquisition were not disclosed. This marks The Planet Group’s fourth acquisition. Founded in 2003, NDA Partners provides consult[...]
Norfolk medical device firm receives additional $2.5M from DARPA
The Defense Advanced Research Projects Agency (DARPA) has awarded $2.5 million in non-dilutive funding to Norfolk-based medical device manufacturer Embody Inc. for the second phase of development and clinical assessment for its proprietary Microbrace ACL technology for the repair of anterior cruciate ligament (ACL) injuries, the company announced Tuesday. Embody previously received $11.85 million [...]
