Avation Medical announced today that it raised $22 million in a Series C financing round to support its wearable peripheral neuromodulation technology. New investors ShangBay Capital and Asahi Kasei led the round. Other new investors included Angelini Ventures, JobsOhio Growth Capital Fund and more. Existing investors Arboretum Ventures, Tonkawa, Medtronic and Avestria Ventures participated, too. […]
Urology
Boston Scientific to acquire Axonics for $3.7B
Boston Scientific announced today that it agreed to acquire Axonics (Nasdaq:AXNX) in a deal worth approximately $3.7 billion. Shares of AXNX skyrocketed before the market opened today, rising 21.1% to $69.72 apiece. Shares of BSX stayed even. Marlborough, Massachusetts-based Boston Scientific priced the acquisition at $71 in cash per share. It amounts to an equity […]
UroMems reports positive feasibility data for smart urology implant
UroMems today announced that it the treatment cohort in a feasibility study of its UroActive system reached six-month primary endpoints. Grenoble, France-based UroMems designed its smart UroActive implant to treat stress urinary incontinence (SUI). The company says it’s the first smart, automated artificial urinary sphincter (AUS) to treat SUI. Powered by a MyoElectroMechanical system (MEMS), […]
Calyxo closes $50M funding round to support kidney stone treatment
Calyxo announced that it closed a $50 million Series D financing round to support its CVAC aspiration system for kidney stone removal. Avidity Partners led the round, with existing investors Questa Capital and CRG providing significant participation. Pleasanton, California–based Calyxo’s CVAC system uses irrigation and aspiration to remove kidney stones. The design aims to minimize […]
Levita Magnetics takes its MARS robotic surgery platform international
Levita Magnetics today announced the international launch of its MARS (magnetic-assisted robotic surgery) system with its placement at Hospital Luis Tisne in Santiago, Chile. Dr. Julio Jimenez used the system to perform same-day-discharge cholecystectomies (gallbladder removal) and bariatric surgeries. Jiminez previously helped Levita Magnetics with its clinical trials, said Levita Magnetics founder, CEO and President […]
Bright Uro raises $23M Series A to support urodynamics system
Bright Uro announced today that it closed $23 million in a Series A funding round to support its Glean urodynamics system. Irvine, California–based Bright Uro plans to use the funding to help garner FDA 510(k) clearance for Glean. It set its sights on a U.S. launch for the product in 2024. Glean, a comprehensive system, […]
Boston Scientific wins FDA approval for penile prosthesis pump
Boston Scientific announced that the FDA granted approval for its Tenacio pump component for its AMS 700 inflatable penile prosthesis (IPP). The AMS 700 IPP offers a treatment option for patients with erectile dysfunction. It features three parts. The system has a pair of cylinders implanted in the penis, a pump placed in the scrotum […]
Laborie acquires drug-coated balloon maker Urotronic
Laborie Medical Technologies announced today that it completed the acquisition of drug-coated balloon developer Urotronic. The companies struck an agreement last month for Laborie to buy Urotronic for up to $600 million. Urotronic developed the Optilume DCB used in interventional urology procedures. It treats urethral strictures and benign prostatic hyperplasia (BPH) or enlarged prostate conditions. […]
Teleflex completes Palette Life Sciences acquisition
Teleflex (NYSE: TFX) this week completed the previously announced acquisition of Palette Life Sciences. The Wayne, Pennsylvania-based company first announced the acquisition in July. Under the terms of the agreement, Teleflex bought Palette for an upfront cash payment of $600 million at closing, with additional consideration of up to $50 million upon the achievement of […]
UroMems completes first-in-human study enrollment for smart urinary implant
UroMems announced today that it successfully completed enrollment in its first-in-human study of its UroActive system. Grenoble, France-based UroMems designed the UroActiv system as a smart, automated artificial urinary sphincter (AUS). It treats stress urinary incontinence (SUI). Results from the initial study should support the design and implementation of a pivotal trial in Europe and […]
FDA grants de novo nod to BlueWind Medical’s neuromod for urinary incontinence
BlueWind Medical announced today that the FDA granted a de novo marketing request for its Revi neuromodulation system. Park City, Utah-based BlueWind designed Revi as a tibial neuromodulation system for treating the symptoms of incontinence. It treats urgency incontinence alone or in combination with urinary urgency. De novo approval for men and women with urge […]