Buoyed by the success of its start ups, the University of Pittsburgh Medical Center is considering expanding its portfolio of small companies pursuing promising medical technologies. Last week, Dutch giant Philips said it would pay $280 million to acquire Stentor, a California-based diagnostic imaging company built around an idea developed by a UPMC radiologist. UPMC is weighing investments in a company that makes a laser scalpel about the size of a pen and another firm which is developing a device that lowers a person's body temperature by three degrees.
- see this story from the Pittsburgh Post Gazette