Regular readers of the blog will know that I am a big proponent of all technology development in Austin, not just chips, software, and infrastructure plays. So that’s why I really enjoy seeing news such as that announced today from the Medical Carbon Research Institute (MCRI).

Here is a full report from dBusinessNews.

MCRI is changing it’s name to On-X LIfe Technologies, Inc. in conjunction with a $32M financing of equity, debt conversion, and revenue interest. The company is involved with carbon technology and cadiovascular surgery products. It’s good to see some life sciences in Austin.

Some financing came from PTV Sciences, which just announced two weeks ago the closing of their second fund at $190M. PTV has offices in Austin and Houston, and invests in "hard science" companies in biotechnology, medical devices, bio-materials, and nanotechnology. Other Austin investments include Alereon and LDR Spine.

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Filed under: Deals