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ArgoMed Inc.

Division of Olympus Corp.

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On the Mark

Aventis and the German state of Hesse teamed up to create a public/private venture fund, in part to salve the political wounds of Hoechst's leaving its Frankfurt headquarters for Strasbourg, France. While any of its investments need to have a Hessen connection, the slowdown in the German VC boom makes this new fund a potentially important source of capital.
BioPharmaceutical Medical Device

Argomed Inc.

Argomed Inc. is developing a minimally-invasive device for the treatment of BPH. Argomed's system uses a balloon catheter filled with hot water to apply heat to the prostate in a single 45-minute procedure.
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