Tuesday, September 18, 2018
Business

Jeff Vinik backs emerging therapy for migraine and cluster headaches

TAMPA — With ventures in pro sports and real estate development, Tampa Bay Lightning owner Jeff Vinik remains one of the bay area’s busiest business executives, and his money seems to be working on even more fronts.

A New Jersey-based bioelectronic medicine company, electroCore, has announced that two groups associated with Vinik — American Investment Holdings and the Vinik Family Foundation — were among the investors that participated in a round of fundraising that brought in a little more than $70 million for the company. The lead investor was Core Ventures II. Merck’s Global Health Innovation Fund also was a significant participant.

electroCore is working on a non-invasive, self-administered therapy to relieve migraine and cluster headaches by stimulating the vagus nerve. The company is distributing up to 1,200 of its gammaCore units across the country for treatment of episodic cluster headaches in adults. The term for this form of health care is neuromodulation.

This isn’t the only high tech company where Vinik, 58, has made recent investments. He also was the largest investor in a $6 million round of fundraising for StemRad, an Israeli manufacturer of radiation protection vests for soldiers, astronauts and nuclear power plant workers that recently opened its North American offices in Tampa.

Contact Richard Danielson at [email protected] or (813) 226-3403. Follow @Danielson_Times

Comments

Hernando Business Digest for Sept. 21

Briefly EMPLOYERS NEEDED FOR JOB FAIR: Pasco-Hernando State College, CareerSource Pasco Hernando, the Greater Hernando County Chamber of Commerce and Hernando County Office of Economic Development are seeking employers to participate in the Open for...
Updated: 17 minutes ago
Pasco Business Digest for Sept. 21

Pasco Business Digest for Sept. 21

Business digest BrieflyOPEN HOUSE, RIBBON-CUTTING: On Aug. 29, the West Pasco Women’s Wellness & Pregnancy Center, 8125 U.S. 19, Port Richey, celebrated its new facility with an open house and ribbon-cutting ceremony. The center provides c...
Updated: 22 minutes ago
As Red Tide perseveres, Tampa Bay’s tourism industry feels the sting

As Red Tide perseveres, Tampa Bay’s tourism industry feels the sting

TREASURE ISLAND — For the first time during her 15 years bartending at Caddy’s on the Beach, Amanda Hudson had to help close shop early this past weekend because the smell of dead fish coming from the gulf was too putrid to bare. "We had to shut down...
Updated: 1 hour ago
Pasco County Tax Collector warns businesses about Marlin Financial

Pasco County Tax Collector warns businesses about Marlin Financial

The Pasco County Tax Collector’s office is issuing a warning to local auto dealers: Beware of Marlin Financial. The office will begin circulating a letter Thursday to auto dealers it does business urging them to "think long and hard" before interacti...
Updated: 1 hour ago
New Papa John’s ads emphasize ‘this isn’t a single person’s brand’

New Papa John’s ads emphasize ‘this isn’t a single person’s brand’

Associated PressNEW YORK — Papa John’s, which wants to distance itself from founder John Schnatter, is releasing new ads Tuesday that replace him with a diverse group of franchisees. The commercials show several franchisees looking into the camera a...
Updated: 3 hours ago
Coca-Cannabis? Coke analyzing cannabis in wellness drinks

Coca-Cannabis? Coke analyzing cannabis in wellness drinks

The Coca-Cola Company said Monday it is "closely watching" the expanding use of a cannabis element in drinks, another sign cannabis and cannabis-infused products are getting more acceptance in mainstream culture and a harder look from long-...
Updated: 4 hours ago
St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

ST. PETERSBURG — Mindy Grossman, the former HSN chief who now heads Weight Watchers International, has put her Beach Drive condo on the market at the hefty price of $3.95 million.The three-bedroom, three-and 1/2 bath unit on the 24th floor of Ovation...
Updated: 4 hours ago
St. Petersburg ranks best in Florida for immigrant inclusivity

St. Petersburg ranks best in Florida for immigrant inclusivity

ST. PETERSBURG — A new study singles out St. Petersburg as the top-ranked city in Florida for promoting the economic well-being of immigrants, but Mayor Rick Kriseman thinks more can be done.Kriseman on Monday celebrated the city’s No. 13 ranking nat...
Published: 09/17/18
Mayo and ketchup mixers, rejoice: Bottled ‘Mayochup’ is coming soon

Mayo and ketchup mixers, rejoice: Bottled ‘Mayochup’ is coming soon

Get your french fries ready: Heinz is set to roll out its newest condiment in the United States very soon.The latest addition to the company’s product lineup is Mayochup. It’s comprised of -- you guessed it -- mayonnaise and ketchup. Back in April, H...
Published: 09/17/18
Report: Florida’s family caregiver laws not so family-friendly

Report: Florida’s family caregiver laws not so family-friendly

Florida may be known for its family-friendly beaches and theme park attractions, but a recent report says not everything in the Sunshine State is as embracing of families. The National Partnership for Women & Families gave Florida a "C-minus" grade f...
Published: 09/17/18