Medtronic (NYSE:MDT) and Amazon (NASDAQ:AMZN) today announced their plans to donate 50 Medtronic GI Genius modules to endoscopy centers serving low-income and underserved communities across the U.S. One of the goals is to improve the detection of polyps that can lead to colorectal cancer, which is the most common cancer among adults in the U.S. […]
What happens when bionic eye implants suddenly go dark?
An update on the Second Sight Medical Products (NASDAQ:EYES) saga comes to us by way of IEEE Spectrum, offering a cautionary tale for the developers of cutting-edge implants and the patients who place their faith in them. The future remains cloudy for the Los Angeles–based developer of the Argus 2s retinal prosthesis system, which is […]
Microsoft CMO: Using the cloud to improve medtech design, manufacturing and care
Dr. David Rhew, Microsoft’s global chief medical officer and VP of healthcare, has been studying how technology can improve health outcomes for nearly three decades. His focus has long been on access to care, quality of care, patient safety, improving experiences for patients and providers, and finding ways to improve the overall efficiency of care. […]
CVRx misses in Q4, wins FDA approval for new IPG
CVRx (NSDQ:CVRX) posted fourth-quarter results today that fell short of the consensus forecast on Wall Street and offered its outlook for the year ahead. The Brooklyn Park, Minnesota–based neuromodulation implant developer reported a loss of $10.57 million, or $0.52 per diluted share, on sales of $3.7 million for the three months ended Dec. 31, 2021, […]
Philips is betting big on the cloud; two leaders discuss the connected future
Royal Philips (NYSE:PHG, AEX:PHIA) bet big on the cloud in 2021, buying Capsule Technologies for $635 million to integrate Capsule’s medical device integration and data technologies with Philips’ cloud-based digital health platform. The Philips Capsule Medical Device Information Platform (MDIP) can now integrate with more than 1,000 unique types of medical devices, the Dutch medtech […]
Experiments by Elon Musk’s Neuralink and UC Davis allegedly caused extreme suffering in monkeys
Elon Musk’s brain implant startup, Neuralink, and the University of California, Davis, have been accused of “egregious violations of the Animal Welfare Act” by the Physicians Committee for Responsible Medicine (PCRM), citing documents obtained through a public records lawsuit. The nonprofit — which successfully pressured U.S. medical schools including Johns Hopkins to stop using live […]
Minnetronix and INO team up on optical medical device development
Minnetronix Medical and INO Innovation Center today announced a strategic partnership to innovate and accelerate the development of optical medical devices. For their first completed project, INO developed a smart illumination system for an unidentified customer and Minnetronix led the system integration. The companies said in a news release that their partnership can also manage […]
MassMEDIC Ignite alumni break $100M funding milestone
CoreMap’s $23 million in recently closed funding officially puts MassMEDIC’s Ignite alumni from the past three years over the $100 million mark, the medtech accelerator said. Fifty medtech startups have participated in MassMEDIC’s Ignite since the program relaunched in 2019. The program matches startup founders with mentors in leadership positions at New England medtech organizations, […]
CoreMap raises $23 million to fund AFib mapping development
CoreMap today announced it closed a $20 million Series B financing to accelerate the development of its cardiac arrhythmia diagnostic technology and launch pilot studies. The Burlington, Vermont–based company said it also closed on a $3 million Series A Milestone financing that was part of its $10.5 million Series A in September 2020. In addition, […]
Moody’s warns of continued supply chain and labor problems for medtech
Moody’s warned investors that supply chain disruptions and healthcare worker shortages will continue to pressure medical product and device companies in 2022. The good news from the Moody’s Healthcare Quarterly report? The supply chain issues are manageable, with Moody’s estimating that transportation costs average less than 3% of revenue for most large, rated device companies, […]
Paralyzed patients walk, swim and cycle with spinal cord neuromodulation implant
The latest iteration of a spinal cord stimulation implant has allowed three paralyzed patients to take steps independently on a treadmill within a day of their device’s activation, and to stand, walk, swim and pedal a bicycle after five months of rehab. In 2018, the technology helped a patient get out of his wheelchair and […]