MedRhythms Inc. has signed a strategic partnership with Ohio-based Edwards Health Care Services to distribute medical devices to patients with Medicare and/or commercial insurance.
MedRhythms employs 40 people and has raised more than $60 million to date. It recently won FDA approval for a device to help Parkinson’s disease patients improve their walking, mobility and motor function.
A Life Science Innovation Center would focus on marketing Maine as a destination for innovation and research by advocating for policies that make the state more competitive.
Joe Henderson, vice president of Advantage Capital, points to his company's $4 million investment in MedRythms as "a perfect example of a successful life sciences investment with a tangible, positive impact."
Even during good times, early-stage life sciences and biohealth businesses in Maine frequently have to work harder than their peers in bigger markets to woo investors.
Cape Elizabeth native Lauren Steidl is the co-founder and co-CEO of Integrated Reality Labs, a Pennsylvania-based startup that aims to shake up the mobile gaming world
MedRhythm's InTandm device, now available to military personnel and veterans via a partnership with a Pensacola-based contractor, uses music to improve walking and movement in chronic stroke victims.
InTandem, developed by the Portland-based digital therapeutics startup, uses shoe-worn sensors, a headset and a touchscreen device to improve walking and movement in chronic stroke patients.