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$50 million boost to medical technology

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High Five
Wednesday, June 16, 2010

Portland medical tech company Home Dialysis Plus received $50 million in investment to bring its product, in development since 2004, to the commercial market.

The company already has partnerships with HP, OSU, and the Oregon Nanoscience and Microtechnologies Institute, and is being watched as a sign of success for Oregon's medical technology and nanotech industries.

The money comes from the New York-based private equity firm Warburg Pincus, which agreed to provide as much as $50 million to commercialize HD Plus' technology. The Portland company declined to say how its backers will determine just how much to invest.

HD Plus has developed a portable kidney dialysis machine for home use, freeing patients from having to visit clinics several times a week for three-hour treatment sessions.

Read more at OregonLive.com.

{biztweet}Home Dialysis Plus{/biztweet}

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