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The Pittsburgh Life Sciences Greenhouse Invests $725K in Portfolio Companies
Date:10/15/2009

PITTSBURGH, Oct. 15 /PRNewswire/ -- The Pittsburgh Life Sciences Greenhouse (PLSG), the organization providing capital investments and customized company formation and business growth programs to the region's life sciences enterprises, announced that the PLSG has recently closed $725,000 in direct company investments.

PLSG's investment of $200,000 in NeuroInterventions, Inc. will support prototyping a family of patent-pending catheters for addressing deep vein thrombosis, carotid stenting, and traumatic brain injury, in addition to stroke. PLSG's investment of $150,000 in Blue Belt Technologies will be used to finalize development and prepare for FDA submission of their core product, the Precision Freehand Sculptor, and will provide the resources to help prepare for full market release of our Orthopaedic and Neurosurgical products. The PLSG's $150,000 investment in Vytrace, Inc., (formerly Glucose Sensing Technologies) will support the development of a system for use in hospital intensive care units (ICU's) to enable clinicians to continuously monitor the glucose levels of critically-ill patients aimed at maintaining "tight glycemic control" (TGC) of ICU patients while also enabling them to complete a pilot study and obtain the gap analysis of their development process needed to get them to the FDA pathway, and ready for additional financing. The investment of $125,000 in ThermalTherapeutic Systems will support the development of a portable hyperthermic perfusion system capable of delivering heated and unheated fluids at a variety of temperatures used to raise the temperature of the thoracic or peritoneal cavity during hyperthermic and normalthermic perfusion. PLSG's $100,000 investment in Almedtrac will assist them with marketing their licensed software, Study360, designed for clinical trials management; providing value-added services to all levels of participants in clinical research.

Since forming in 2002, the PLSG has committed
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SOURCE Pittsburgh Life Sciences Greenhouse
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