Several times every day, many of the nearly 19 million Americans diagnosed with diabetes have to check their glucose levels. Even though this task can be life-saving, patients are often reluctant to do it regularly. Existing methods are either painful (pricking a finger for a blood sample) or cumbersome (implanted sensors that require frequent replacement). […]
University of Michigan spinout Tangent Medical has raised a $5 million senior secured term loan credit facility from GE Capital, Healthcare Financial Services to commercialize its IV stabilization tech abroad. While company Vice President of Sales and Marketing Curtis Bloch said the funding will be used for a variety of commercialization efforts, a significant portion would be used […]
A South Carolina healthcare startup plans to use magnets to help patients with knee dysfunction continue to live active lives. A simple but true orthopedics innovation, the Engage Knee System uses magnets to lock and unlock a knee replacement to allow for more mobility for those patients. Founder Eric Lucas said many patients with knee […]
St. Jude Medical (STJ) has had a strong presence in Asia dating back to the medical device company’s creation of the first mechanical heart valve, STJ’s Senior Vice President in Asia and President of STJ Japan Bill Phillips said. In the past 15 years, the company has made a push to become more directly involved there, […]
When Massachusetts-based Neurometrix (NURO) created a wearable device for pain management for patients suffering from diabetic peripheral neuropathy (DPN), founder and CEO Shai Gozani knew usability was key. More than a quarter of diabetic patients must cope with DPN, a burning, stabbing, acute pain, usually in the legs and feet, Gozani said. The Sensus, NURO’s nerve-stimulator […]
As we approach the holidays, many of us are looking at shopping catalogs, plates full of cookies and expanding waistlines. A California healthcare startup has an obesity treatment that could provide non-surgical weight loss to patients who are slightly overweight. ReShape Medical‘s deceptively simple medical device–a saline-filled dual-balloon–paired with behavioral experts and nutrition therapy could […]
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
Tucson, Ariz.-based healthcare startup Salutaris Medical Devices has raised $50,000 in debt financing so far in its quest to reach $1 million, according to a regulatory filing made with the SEC. The funding will support the 5-year-old company’s minimally invasive brachytherapy treatment for wet age-related macular degeneration. CEO Mike Voevodsky said in an email: “The device […]
EndoChoice, an Atlanta, Ga.-based healthcare startup, announced it’s received 510(k) clearance for its Fuse Gastroscope. It’s not the first positive FDA device approvals news the company has gotten this year either: It received FDA clearance for its Fuse Colonoscope in May. The gastroscope expands the physician’s range of view from about 140 degrees to 245 […]
Rachel Levin Troxell developed the idea for her fashion meets medical device company to change the conversation about her compression wrap to treat lymphedema. The bulky ace bandage made it look like she’d sprained or broke her wrist but there were few options. She developed the condition after she had lymph nodes removed as part […]
Edwards Lifesciences (EW) joined BioMedPartners to add $3 million to Middle Peak Medical‘s already oversubscribed Series A round. The funding will go toward commercializing technology to treat mitral valve disease. Lead investors Wellington Partners and Seventure Partners, added to their investment from the first close, which also included High-Tech Gruenderfonds, according to a press release. In […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Boston Scientific (BSX) announced the medical device company has received a CE Mark for its Lotus Valve System, which offers alternative treatment for high-risk patients with sever aortic stenosis. The advanced transcatheter aortic valve replacement (TAVR) technology, the company claims, is “the only aortic valve device that can be assessed in its final position prior […]
Abbott Labs (ABT) announced it received FDA approval for MitraClip, a less-invasive mitral valve repair technology. The device allows physicians to repair the mitral valve using a catheter rather than open heart surgery for patients with mitral regurgitation. The company will launch the product in the U.S. immediately. While open heart mitral valve surgery is […]
As global medical device companies try to take on more of the care continuum, they might be able to turn to that little Starbucks coffee shop just around the corner. It might seem sacrilege to compare the intricacies of neuromodulation with a perfectly brewed, expertly crafted cup of joe, but here I find myself. Why? […]
The Department of Defense awarded Medtronic (MDT) $58,026,785 for radiology systems and components for the Army, Navy, Air Force, Marines and federal civilian agencies. This a first year deal with the option to extend the contract for up to six more years. This first one-year contract should be fulfilled by Oct. 25, 2014. For more, click […]
A changing of the guard: Dan Brennan will become Boston Scientific‘s (BSX) new CFO effective Jan. 1. Company CFO Jeffrey Capello will stay with the company through May to help as a senior advisor and probably to help Brennan transition into the role. His reason for leaving is still vague. A company statement said he […]
