Author Archives: lpeck

WARSAW, Ind., Jan. 5, 2023 /PRNewswire/ — Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, today announced that it has reached a definitive agreement to acquire Embody, Inc., a privately-held medical device company focused on soft tissue healing, for $155 million at closing and up to an additional $120 million subject to achieving future regulatory and commercial milestones […]

Funds to Support Commercial Expansion and Post-Market Clinical Studies of Tapestry® for tendon and ligament injuries. Norfolk, VA, September 20, 2022 — Embody, Inc., a privately-held medical device company focused on soft tissue healing, announced today that it closed a $10.4 million Series C funding round led by Genesis Innovation Group’s cultivate(MD) Capital Funds LP. The financing will enable Embody to […]

NORFOLK, Va., Oct. 4, 2022 /PRNewswire/ — RISE, a Virginia-based, non-profit organization providing one-stop-shop resources to coastal resilience entrepreneurs, today announced the launch of its Flood Insurance of the Future Challenge. The innovation competition will award up to $1.5 million to businesses with solutions that reduce flood insurance premiums and payouts by 50%.

RICHMOND—The Virginia Economic Development Partnership (VEDP) today announced the acceptance of 11 companies into its two-year Virginia Leaders in Export Trade (VALET) program. The VALET program assists companies in the Commonwealth that are committed to international exporting as a growth strategy.

SMITHFIELD, R.I., July 13, 2022 (GLOBE NEWSWIRE) — CAI Software, LLC (“CAI” or “CAI Software”), a leader in the delivery of mission-critical enterprise resource planning (ERP), manufacturing execution systems (MES), eCommerce EDI (electronic data interchange) and warehouse management software (WMS) and services, today announced that it has acquired OpenMFG LLC, which does business as xTuple. […]

Commercial Drone and UTM Industry Expert Sebastian Babiarz to Lead DroneUp Technology, Regulation, and Safety Across Europe.  DroneUp, LLC, an autonomous drone delivery platform and leading drone services provider, today announced the appointment of Sebastian (Seb) Babiarz as its head of European airspace innovation based in Poland.

Norfolk, VA, May 10th, 2022 – ReAlta Life Sciences (“ReAlta”), Inc., a clinical stage, rare disease company dedicated to harnessing the power of the immune system to address life threatening diseases, today announced the company secured regulatory approval from Germany’s Federal Institute for Drugs and Medical Devices (Bundesinstitut für Arzneimittel und Medizinprodukte, BfArM) to conduct a […]

On April 12, the City of Norfolk’s Department of Economic Development announced that TechArk plans to expand its Norfolk-based headquarters, investing over $100,000 to improve its present facility located within the Norfolk Innovation Corridor (NIC) – a Technology Zone – and creating eight new high-tech, high-wage jobs in Norfolk. This announcement came soon after the […]

NORFOLK, Va. (WAVY) – Breeze Airways is expanding its flight offerings from Norfolk International Airport to new locations in Florida, California, Georgia and Nevada. City and airline officials made the announcement during a Tuesday morning news conference. Breeze, a low-fare airline, is adding four new coast-to-coast destinations from Norfolk this summer.

RICHMOND, VA – Governor Glenn Youngkin today announced that Embody, Inc., a Norfolk-based medical device company developing novel collagen-based technologies for soft tissue repair, will invest $5 million to expand its headquarters at Innovation Research Park at Old Dominion University in the City of Norfolk. The company will add 10,000 square feet to its operation to […]