A Series C financing round co-led by Valiance and RMM has brought in $26.5 million for Irvine, Calif.-based JenaValve Technology. The firm will use the money to advance its replacement heart valve and support its growth in the worldwide transcatheter aortic valve implants market.
A joint funding round has brought in $26.5 million for sister firms 480 Biomedical and Arsenal Medical. Arsenal plans to use its $16 million funding for the creation of a nanofiber drug delivery technology and an acute abdominal hemorrhaging treatment. The $10.5 million that 480 Biomedical raised will be used for designing a bioresorbable scaffold for patients with occlusive disease in the superficial femoral artery.
W.P. Carey has acquired a 235,943-square-foot office and research and development facility in Andover, Mass., for $56 million. The building is the headquarters for Schneider Electric USA, and the company has a 15-year lease. The seller is a joint venture between Leggat McCall Properties and Long Wharf Real Estate Partners.
Cedar Shopping Centers has acquired Cross Keys Place in Sewell, N.J., for $26.5 million. It purchased the retail center on behalf of its joint venture with RioCan Real Estate Investment Trust. Cross Keys Place is anchored by Sports Authority, Bed, Bath & Beyond, AC Moore, Old Navy and Petco.
Astute Medical, a maker of diagnostic tests for hospital-acquired infections, has raised $26.5 million from its most recent funding round. The company said it will use the funding for research-and-development initiatives. The firm's focus areas include kidney injury and sepsis.