Health Care Reform, Device Tax

What is the medical device tax?

The proposed $40B tax was included in the America’s Healthy Future Act which was passed by the Senate Finance Committee. The tax would equate to a roughly 3.5% tax levied on the total revenues of a company, regardless of whether a company generates a profit. Therefore, many companies may owe more in taxes than they generate from their operations. The result would be devastating to innovation, investment and the economy.

http://www.medicaldevices.org/issues/Health-Care-Reform%2C-Device-Tax

Does Lantis fit within the category for medical device tax? No profits and a company has to pay taxes, what is this government doing to innovation ? Could that be a small reason for Lantis not being able to raise the capital ?