Fidmi Medical Ltd. (www.fidmimedical.com) has announced completion of a $2.2 million financing round and launched its FDA-cleared low-profile Percutaneous Endoscopic Gastrostomy (PEG) device in the U.S. Investors in the round include leading medical technology company Micro-Tech (Nanjing) Co., Ltd. (688029: Shanghai), The Trendlines Group (www.trendlines.com), (SGX: 42T) (OTCQX: TRNLY), and Agriline. Micro-Tech has been named Fidmi's exclusive distributor in the U.S. (www.mtendoscopy.com) and Ch
Röchling Medical, a division of the German-based Röchling Group and a leading manufacturer for the healthcare industry, and Trendlines Innovation Labs, the innovation and R&D arm of The Trendlines Group (SGX: 42T) (OTCQX: TRNLY), announced a collaboration agreement to provide a one-stop-shop for medical device innovation, development, and manufacturing.
CoreBone, a company that produces bioactive, coral-based bone graft material, announced that it has completed an investment round of $3.7 million. The Guangzhou Sino-Israel Biotech Investment Fund ("GIBF"), which focuses on introducing Israeli medical technologies to the Chinese market, invested $3 million in CoreBone's Chinese subsidiary; The Trendlines Group and Agriline (a trust of which Vincent Tchenguiz is a discretionary beneficiary) invested $700,000. The funds will be used for extending