Philips Healthcare

Philips Healthcare parent joins $250M health tech venture fund

The Dutch parent of Philips Healthcare has joined a $250 million venture fund that will invest in innovative early and growth-stage healthcare technology companies in Europe and the United States. Royal Philips Electronics (NYSE: PHG) has made an undisclosed "minority share" investment in Gilde Healthcare III, which will invest in home healthcare solutions, sleep improvement techniques, image-guided interventions and therapies, and clinical decision support.

By Mary Vanac

News

Ohio Third Frontier Commission awards $14M in biomedical grants

Ohio Third Frontier commissioners made a slew of biomedical grants under two programs today. Recommended for more than $4.9 million under the Ohio Third Frontier Biomedical Program: — CardioX Corp., Dublin, in collaboration with Nottingham-Spirk Design Associates in Cleveland and QTest Labs in Columbus, was awarded $986,373 to finalize designs and clinical protocols for a […]

By Mary Vanac

With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?

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.

News

Philips Healthcare imaging center promises innovations

The recently announced Philips Healthcare Global Advanced Imaging Innovation Center could bolster Northeast Ohio’s reputation as a hub for innovation in medical imaging technology. But it also could do a lot for the research and clinical radiology practices at University Hospitals Case Medical Center, where the center will be housed. The $38.4 million partnership of […]

By Mary Vanac

News

Philips Healthcare R&D center will showcase imaging technologies

The Philips Healthcare Global Advanced Imaging Innovation Center could bolster Northeast Ohio’s reputation as a hub for innovation in medical imaging technology. The $38.4 million partnership of Philips, University Hospitals and Case Western Reserve University — supported by a $5 million Ohio Third Frontier grant — was announced last week. Philips, which is supplying $33.4 […]

By Mary Vanac

News

Philips Healthcare investing $33M in Cleveland R&D center

Philips Healthcare is investing more than $33 million in the first phase of a medical imaging research and development center at University Hospitals Case Medical Center in Cleveland. The investment by the Dutch imaging technology company — which could double if a second phase follows — was announced at an afternoon press conference along with […]

By Mary Vanac

Devices & Diagnostics

Boston Scientific’s ultrasound works with x-ray devices

Boston Scientific Corp.’s iLab ultrasound imaging system now works with Philips’ Allura Xper and Siemens’ Axiom Artis and Artis zee X-ray systems. Boston Scientific Corp. (NYSE:BSX) collaborated with Philips Healthcare (NYSE:PHG) and Siemens Medical Solutions (NYSE:SI) to make its iLab ultrasound imaging system compatible with their X-ray devices. The Natick, Mass.-based medical device maker successfully […]

By MassDevice Staff

News

‘Summit Data Communications inside’ — Akron company puts radio technology in rugged medical computers

Summit Data Communications Inc. gives wireless medical equipment like electrocardiographs and infusion pumps the ability to walk and talk at the same time. Burgeoning demands on wireless bandwidths and the challenges of staying connected in health care institutions are making Summit's radio technology a must-have for medical equipment makers and computer network providers.

By Mary Vanac

News

‘Hybrid’ operating rooms mean collaboration, growth for Steris Corp.

Worldwide demand for so-called "hybrid" operating rooms is growing at a double-digit rate, despite a deep economic recession that is limiting growth in more traditional surgical markets. Mentor's STERIS Corp. is participating in growth of hybrid rooms by partnering with other medical technology makers.

By Mary Vanac