Magnolia Medical Technologies makes a product that aims to reduce the rate of false positive diagnoses of sepsis.
Seattle-based Magnolia Medical Technologies has raised $13.8 million to continue developing a product that aims to provide accurate blood tests.
Magnolia makes the SteriPath blood-collection system, which is meant to decrease the number of false positives for sepsis, a complication of a bloodstream infection that is often treated with antibiotics and can be life-threatening.
Such false positives can mean that patients are given procedures and treatments they don’t need, exposing them to more risk, Magnolia said in a news release announcing the funding. More than 1 million people in the U.S. are misdiagnosed with sepsis each year, the company said.
Menlo Park, Calif.-based HealthQuest Capital led the funding round and announced managing partner Garheng Kong would join Magnolia’s board.
Most Read Stories
- Huskies get commitment from Coeur d'Alene 4-star QB Colson Yankoff
- $225 million more needed to build light rail across I-90 bridge
- 'I'm amazed tourists ever come back': Your comments on Seattle's poor tourism survey
- Poutine is the new nachos: where to find the best versions in the Seattle area
- Aerospace firm Electroimpact agrees to pay $485K after AG finds ‘shocking’ discrimination against Muslims
SteriPath is commercially available, and the company will use the investment to expand the product into hospitals.