Originally Published MX November/December 2003
BUSINESS NEWS
Lifestream Leaves AMEXLifestream Technologies Inc. (Post Falls, ID) announced in late September that it will withdraw its common shares from the American Stock Exchange (AMEX). The company is expected to trade on the Nasdaq OTC Bulletin Board. Lifestream manufactures consumer cholesterol monitors and professional screening instruments.
In early September, MicroVention Inc. (Aliso Viejo, CA) raised $10 million in late-stage funding. Investors included U.S. Venture Partners (Menlo Park, CA), Crosspoint Venture Partners (Woodside, CA), De Novo Ventures (Menlo Park, CA), Delphi Ventures (Menlo Park, CA), Asset Management Partners (Palo Alto, CA), Advanced Technology Ventures (Waltham, MA), and A. G. Edwards Capital (St. Louis). MicroVention manufactures catheter-based devices that provide minimally invasive treatments for cerebral vascular diseases.
Medtronic Inc. (Minneapolis) completed its acquisition of TransVascular Inc. (TVI; Palo Alto, CA) in late September. Financial terms of the transaction were not disclosed. TVI developed a proprietary platform delivery technology for current and potential intravascular procedures. Medtronic Vascular (Santa Rosa, CA) will absorb the former TVI operations.
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