BOULDER, COLORADO, December 3, 2012 –Siva Therapeutics has closed an initial angel financing round; this funding, together with a recent $350,000 grant from Breakout Labs, has enabled Siva to expand operations and to undertake a new series of studies on its nanotechnology-enabled photothermal therapy. With this financing in place, Siva has hired a Bioengineer who will be leading the new studies, and is moving operations to a 2,400 square foot laboratory and office suite in Flatiron Park east of Boulder. 

Spectranetics Corp. (Colorado Springs) said  it has added another 20,000 square feet of leased office space adjacent to its headquarters in the InterQuest business park and extended the lease on its headquarters for another 11 years. The additional space will accommodate growth in the company’s manufacturing, research and development and sales and marketing operations, which combined added 30 people in the first half of the year, said Guy Childs, chief financial officer for Spectranetics. The company, which employs 320 in the Springs and 220 elsewhere, expects to continue expanding its staff at a rate of about 5 percent a year and added a second manufacturing shift earlier this year.  

AlloSource (Centennial), one of the nation's largest non-profit providers of skin, bone and soft tissue allografts for use in surgical procedures and the world's largest processor of cellular bone allografts, today celebrated the opening of its new headquarter campus in Centennial, Colorado. To better compensate its growing workforce, AlloSource broke ground on a 90,000 square-foot building addition in May, 2011, nearly doubling the size of its headquarter campus and allowing for remote Denver-based offices to be consolidated under one roof.  

Tolmar Inc., one of Fort Collins’ fastest-growing businesses, is expanding to Windsor.
The Coloradoan 

Bal Seal Engineering (Colorado Springs) ground breaking--California-based manufacturer makes spring-loaded connectors that carry electric current for pacemakers and other medical devices- plans to move late next year into the $45 million plant. The company selected Colorado Springs for the expansion because of the area's business-friendly government agencies, well-trained workforce and the availability of local community colleges and universities.  

Covidien PLC, a leading manufacturer of medical devices, opened a new 63,000-square-foot research and development center on March 6, 2012, in Boulder. The R&D Innovation Center is one of 24 worldwide, and will have 160 employees and 18 laboratories. 

Addition of new, two-story building and renovation of existing building will support Colorado bioscience company's growth