A growing medical device manufacturer has gotten a shot in the arm and finalized a lease for a new Hampton Roads research park, where more tenants and buildings are in the works.
IvWatch LLC recently raised $12.3 million toward a $16 million goal, according to a March filing with the Securities and Exchange Commission.
The company makes and sells a device called the ivWatch Model 400 that can detect when liquids leak outside of the vein during intravenous (IV) therapy. The medical device detects leaks through a small sensor about the size of a pencil eraser that sticks to the patient’s skin near an IV site. Its manufacturer’s suggested retail price (MSRP) is $3,695.
