The medical technology industry has a gender diversity and inclusion problem – and these executives have a few ideas about how to solve it. At DeviceTalks Minnesota 2018, a panel of experts tackled a question that has long plagued the medical device industry: How can medtech become more inclusive? (For more insight into the medtech […]
Wall Street Beat
EndoGastric Solutions adds $31m
EndoGastric Solutions, which last week reported raising more than $25 million, said today that the total raise was $30.5 million. Redmond, Wash.-based EndoGastric Solutions said the round was led by existing backers Advanced Technology Ventures, Canaan Partners, Canepa Healthcare, Chicago Growth Partners, CRG, Radius Ventures, Sightline Partners and “several new healthcare investors excited about EGS’ commercial […]
Senseonics inks diabetes management deal with Glooko
Senseonics (NYSE:SENS) said today that it inked a global deal to integrate its Eversense continuous glucose monitoring system with Glooko‘s diabetes data management tech. Users will be able to sync data from their Eversense CGM directly into Glooko’s platform and view historical glucose trends, as well as receive real-time readings from their Eversense mobile app, according to […]
Layoffs likely ahead at Henry Schein in latest move
Henry Schein (NSDQ:HSIC) said yesterday that it’s planning more changes for its business after announcing the spinout of its animal health business and a joint venture for its dental software operation earlier this year. In a terse regulatory filing yesterday, Melville, N.Y.-based Schein said it’s “committed to an initiative to rationalize its operations and provide […]
Ajax Health raises $120m Series B
Ajax Health, the company formed last year by a pair of private equity giants to manage their medical device investments, said today that it raised a Series B round of $120 million. In May 2017 KKR and Aisling Capital joined to launch Ajax, tapping Spirox chairman & CEO Duke Rohlen to lead it. Rohlen is the former president of FoxHollow Technologies and the founder […]
Medtronic warns on connectivity issue with Guardian Connect app
Medtronic (NYSE:MDT) this month issued a letter to physicians warning them of a potential connectivity issue with the Guardian Connect mobile app. The medtech giant warned that people using the Guardian Connect system to keep track of their blood sugar levels should update to the latest version of the mobile app as soon as possible. Get […]
Lifecare goes public to support implantable glucose meter
Norwegian life-sciences group Lifecare AS plans to begin trading today on the Merkur Market under the ticker symbol ‘LIFE-ME’. The company is developing an implantable glucose sensor designed for people living with diabetes. Get the full story at our sister site, Drug Delivery Business News.
Bovie Medical to deal core electro-cautery biz to Symmetry Surgical for $97m
Bovie Medical (NYSE:BVX) shares rode a roller coaster today on the news that it’s dealing its core electro-cautery business to Symmetry Surgical for $97 million and is on track to beat estimates with its second-quarter sales. Clearwater, Fla.-based Bovie, which is making a pivot toward the cosmetic surgery market, said the all-cash deal for the electrosurgical and […]
Mylan launches generic drug-delivery patch for dementia patients
Mylan (NSDQ:MYL) announced today the U.S. launch of its rivastigmine transdermal drug-delivery patch, a generic version of Novartis‘ (NYSE:NVS) Exelon therapy. The company’s rivastigmine therapy is indicated for the treatment of dementia associated with Alzheimer’s disease and Parkinson’s disease. Get the full story at our sister site, Drug Delivery Business News.
Companion Medical wins FDA nod for Android version of smart pen app
Companion Medical said today that it won FDA clearance for the Android version of its InPen app. The company’s InPen system consists of a smart insulin injection pen that connects with an integrated diabetes management app. Companion Medical expects to release the app for Android users by the fourth quarter of this year. Get the full […]
Neuronetics reels in $108m from IPO
Neuronetics (NSDQ:STIM) this week closed its initial public offering, according to a document filed with the SEC. The Malvern, Penn.-based company said that it offered 6,325,000 shares of its common stock and that underwriters exercised in full their option to buy additional shares, bringing the total proceeds from the IPO to $107.5 million. Shares began trading […]