Biophan adds cash, patent

AuntMinnie.com staff writers
Sep 8, 2005

MRI device developer Biophan Technologies of West Henrietta, NY, reported that Biomed Solutions has made a $1 million equity investment in the company.

Biophan's CEO, Michael Weiner, is the manager of Biomed Solutions.

In other news, the company said that New Scale Technologies has received a U.S. patent for its four-piece, MRI-safe Squiggle motor. Biophan has a development license for the technology and is also a minority equity owner in New Scale Technologies. The companies believe the motor will enable the development of MRI-compatible biomedical devices.

By AuntMinnie.com staff writers
September 9, 2005

Related Reading

Biophan forms business development group, August 26, 2005

Biophan adds three patents, August 18, 2005

Biophan launches cardiovascular project, July 28, 2005

Biophan inks deal with Boston Scientific, July 1, 2005

Biophan finalizes MRA stent license, July 1, 2005

Copyright © 2005 AuntMinnie.com

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