Venture Capitalists Love NJ Device Firms

(Franklin Lakes, NJ; orthopedic implants) and Multispectral Imaging Inc. (Parsippany, NJ; infrared sensor devices).While the angle of the article, written by Douglass Crouse, is a financial one, it does a good job of showing that medical technology innovation can't happen without small companies, and the backers who fund them. A Circulite executive who used to scout potential acquisitions for large device companies puts it best: "I just found that the big companies are not purely technologically focused and clinically focused. They're also focused on the battle of the titans ... and make acquisitions that are not always for clinical benefit."