Feeds:
Posts
Comments

Archive for the ‘Uncategorized’ Category

SALE OF EMPHASYS MEDICAL, INC.

Posted in Uncategorized, tagged , , , , , , , , , , , , on February 18, 2009| Leave a Comment »

Gerbsman Partners has been retained by Emphasys Medical, Inc. to solicit interest for the acquisition of all, or substantially all, Emphasys Medical Inc.’s (“Emphasys”)  assets.

Emphasys Medical Company Profile

Founded in 2000, Emphasys is a private, California-based, revenue stage medical device company. Over the past 8 ½ years, the Emphasys has raised approximately $90mm in equity and debt from leading venture capital firms including ABS Ventures, Advanced Technology Ventures, Morgenthaler Ventures, SplitRock Ventures, OrbiMed Advisors, Morgan Stanley Venture Fund, Cargill Ventures, and Western Technology Investment.

Emphasys is a leader in developing innovative, therapeutic devices to treat advanced heterogeneous emphysema. Emphasys’  Zephyr EBV provides therapy for patients whose lungs are hyperinflated due to emphysematous destruction. By reducing the amount of trapped gas in the hyperinflated regions of the lungs, the devices restore the elastic recoil of the lung, therefore improving overall lung function.

Emphasys Medical’s Assets

Emphasys has developed a portfolio of assets critical to the bronchoscopic treatment of emphysema with endobronchial valves.
These assets fall into a variety of categories, including: Patents, Patent Applications and Trademarks

  • Prospective, Randomized Patient Data Set for Treating Heterogeneous Emphysema
  • Prospective, Registry Patient Data Set for Treating Persistent Air Leaks
  • Bronchoscopic Valve Technology and Product Inventory
  • Manufacturing, Design and Calibration Equipment
  • CE Mark for the Zephyr EBV
  • International Revenue
  • Intellectual Capital and Expertise

The assets of Emphasys will be sold in whole or in part (collectively, the “Emphasys Medical Assets”) on an ” as is, where is basis, with no reps and warrtanties whatsoever” and must close in 7 days.  The sale of these assets is being conducted with the cooperation of Emphasys. Emphasys and its employees will be available to assist purchasers with due diligence and a prompt, efficient transition to new ownership. Notwithstanding the foregoing, Emphasys should not be contacted directly without the prior consent of Gerbsman Partners.

For more information, please contact:

Steven R. Gerbsman

(415) 456-0628

steve@gerbsmanpartners.com

Read Full Post »

The Joy of Birth and the Joy of Hope

Posted in Uncategorized on February 9, 2009| Leave a Comment »

Our first grandchild was born at 9:05 AM on February 8, 2009. Forty-five minutes later, our son walked into the waiting room with a great big smile and gave each of the grandparents a big hug. With anticipation, we then went in the recovery room. There was our daughter-in-law holding this beautiful gift of life, our grandchild.

Regardless of the day to day challenges that we all face , the Birth of a Baby brings forth the joys of Love and Hope.

To our grandchild on this magnificent day, we pass on to you the blessings of your forefathers.

“Go forth into the world and Live a Long, Prosperous and Fruitful Life. Bring Honor to Yourself, your Family and your Heritage. Have Ethics and Integrity, Love your Family and have Hope for the Future”.

From your proud and loving Grandparents

Read Full Post »

VC fundraising dropped 21 percent in 2008

Posted in Uncategorized, tagged , , , , , , on February 3, 2009| Leave a Comment »

Fundraising by U.S. venture capital firms declined 21.4 percent in 2008, a new report has found, driven down by a sharp decline in the fourth quarter as the global financial crisis throttled the industry that bankrolls much of Silicon Valley’s innovation.

The report, issued Monday by the National Venture Capital Association and Thomson Reuters, found that $27.9 billion was raised in 211 funds in 2008, compared with $35.5 billion in 247 funds in 2007. Fundraising in the fourth quarter totaled $3.37 billion, down more than $5 billion from the previous quarter and nearly $8.3 billion less than the amount raised in the fourth quarter of 2007.

The news was by no means unexpected. VCs and their limited partner investors — pension funds, university endowments and other large financial institutions — have all embraced a more conservative strategy in the uncertain economy. Industry analysts expect the pace of fundraising and deal-making to remain relatively slow through at least the first half of 2009.

Read the full article here

Read Full Post »

Blackberry Storefront Accepting App Applications

Posted in Uncategorized, tagged , , , , , on January 29, 2009| Leave a Comment »

From GigaOm

Following in the footsteps of Apple and its iTunes App store, several mobile companies have announced plans to launch their own storefronts. Research In Motion is looking to launch its store relatively soon, and it took a major step forward when it started accepting applications from app writers to have their apps included in the new Blackberry Storefront.

While RIM already has a wide variety of applications available for its platform, it doesn’t have the momentum of Apple, which recently noted that more than 500 million apps were downloaded to its iPhones and iTouch devices. RIM has its work cut out for it; the company is fighting with the likes of Apple, Google, Palm and Symbian to get a toehold with developers. The company had launched a special VC fund to help find and grow apps for its platform. (Related posts: Watch the Future of mobile apps and economics of the platforms video at Mobilize 08 conference.)

Read Full Post »

Chaos Reigns in the PC Industry

Posted in Uncategorized, tagged , , , , , on January 27, 2009| Leave a Comment »

The popularity of netbooks, Acer’s rise, Lenovo’s fall, the struggles of component makers to sell virtually anything — it all makes for a crazy time in the personal computer market these days.

The major PC component suppliers –- companies like Intel, Advanced Micro Devices, Nvidia, Seagate and Western Digital –- are reeling as hardware sales dry up. The credit crunch took its toll on business spending, then American corporations shut down in December in a bid to save money and now companies in China have halted their spending as the Chinese New Year approaches.

As Auguste Richard, a chip analyst with Piper Jaffray, told me, “There is nothing going on right now. This is as dark and deep as it goes, with companies not buying or selling anything.”

Read the full article here.

Read Full Post »

« Newer Posts - Older Posts »