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Minrad

minrad.com

Founded Year

2005

Stage

Unattributed VC - II | Alive

Total Raised

$57.15M

Last Raised

$40M | 15 yrs ago

About Minrad

Minrad, Inc. is a manufacturer of generic inhalation anesthetics

Headquarters Location

50 Cobham Drive

Orchard Park, New York, 14127,

United States

716-855-1068

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Minrad Patents

Minrad has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/29/2004

10/13/2009

Projective geometry, Accelerator physics, Triangle geometry, Optical devices, Euclidean plane geometry

Grant

Application Date

10/29/2004

Grant Date

10/13/2009

Title

Related Topics

Projective geometry, Accelerator physics, Triangle geometry, Optical devices, Euclidean plane geometry

Status

Grant

Latest Minrad News

As stock market plunges, a star money manager says the Fed is making a mistake by focusing on rates. Here’s what Scott Minerd says it should do instead.

Jan 24, 2022

Liquidity can be better managed by pulling back the supply, which the market has enjoyed. “Changes in the money supply are a powerful driver of economic output, asset prices, and inflation,” writes Minrad. “Interest rates are a byproduct of monetary liquidity, economic output and inflationary expectations. Short-term market rates can be manipulated through changes in the money stock,” he wrote. Minrad says one of the negative implications for the size of the Fed’s balance sheet was the reverse repo rate, a major artery of global financial markets. The Fed’s reverse repo program allows eligible firms like banks and money-market mutual-funds to park large amounts of cash at the Fed overnight, at a time when short term funding rates Have fallen to next to nothing, and it’s hard to find a home where the cash is. The program had almost no participants at the beginning of April of last year, and since the beginning of the pandemic in the spring of 2020, but in May 2021 there was an increase in demand. “That facility now has a daily volume of more than $1.5 trillion,” Minrad writes. “Any program to raise rates would require the Fed to increase the interest rate paid on RRP operations by the amount of the overnight target rate increase,” he said. “In essence, the Fed will set an artificial rate that is not determined by market forces,” Minrad said. In other words, free-flowing liquidity has created artificial levels for rates that are not driven by market forces. Minrad says that without the ability to accurately gauge market conditions through mechanisms such as the RRP, the Fed is essentially flying blind. “Without market forces, the Fed would have no ability to identify what the real demand for money would be if interest rates could float freely and thus use a signaling mechanism to indicate the true equilibrium rate of interest. builds,” he writes. Minrad said raising rates dramatically would destabilize the financial system and jailed him against suggestions that the Fed should focus on a “shock and awe” strategy by raising rates by 50 basis points instead of 25 basis points. in which the market is determined. Economists are, in fact, expecting the Fed to reduce its asset purchase program, end that program in early March, triple interest rates and close its balance sheet. Is the market crashing? No. Here’s what’s happening to stocks, bonds as Fed aims to end easy money days, say analysts Mined will encourage the Fed to focus on its balance sheet. He says controlling the growth of the money supply may be more effective in resetting policy and may be a better strategy for the central bank than raising interest rates. Minrad’s comments come as the S&P 500 Index SPX, -2.72%

Minrad Frequently Asked Questions (FAQ)

  • When was Minrad founded?

    Minrad was founded in 2005.

  • Where is Minrad's headquarters?

    Minrad's headquarters is located at 50 Cobham Drive, Orchard Park.

  • What is Minrad's latest funding round?

    Minrad's latest funding round is Unattributed VC - II.

  • How much did Minrad raise?

    Minrad raised a total of $57.15M.

  • Who are the investors of Minrad?

    Investors of Minrad include UBS, Perseus, Aisling Capital, Highbridge Capital Management, Cowen and 11 more.

  • Who are Minrad's competitors?

    Competitors of Minrad include Spectrum Medical, Lucina Health, Magnetecs, CardiAQ Valve Technologies, Aragon Surgical and 11 more.

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