Zimmer Biomet to Acquire Embody, Inc.

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 […]

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Assembly: The Front Door of The Norfolk Innovation Corridor

We are excited to formally introduce you to the front door of the Norfolk Innovation Corridor: Assembly! Assembly, located in the heart of downtown Norfolk, Virginia, is designed to foster connections and spark new ideas. It stands as a symbol of inspiring creators and tech innovators together in one iconic building campus. Assembly intentionally placed […]

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“Trial & Error” in Healthcare Transformational Projects

We subtracted deaths from HAIs from the 440,000 figure. This taxonomy seeks to define and describe the different types of medical harm and how they overlap. With 0xF4 this additional clarity we hope to speed action to address this vital problem. It’s essentially a triple threat from the spread of flu, RSV and COVID. You […]

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Embody – A Leading Soft Tissue Healing Company Based in the NIC

We are excited to highlight a longtime partner of the Norfolk Innovation Corridor: Embody, a Norfolk-based sports medicine company that is pioneering the next generation in soft tissue healing with collagen-based biofabrication techniques and biologic products. Founded in 2014, the company continues to develop unique biomaterials providing healing solutions for challenging orthopedic procedures involving foot […]

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Embody, Inc. Announces $10.4 Million Series C Funding Round

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 […]

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RISE Launches Flood Insurance Innovation Challenge

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%.

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ReAlta Life Sciences – Making a Difference in Norfolk and the Healthcare Industry

The Norfolk Innovation Corridor is honored to be partnered with ReAlta Life Sciences, an innovative biotech firm, focusing on solutions for rare diseases using top-tier technology, passionate staff and employees, and a resilient attitude in all that they approach. We invite you to check out our latest video highlighting this cutting-edge Norfolk-based company, as it […]

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CAI Software, LLC Acquires xTuple Strategic acquisition leverages growth in ERP for manufacturing

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. […]

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DroneUp Lands New Head of European Airspace Innovation

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.

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