Merit Medical (NSDQ:MMSI) said this week that it plans to acquire Brightwater Medical in a deal valued at $50 million. Temecula, Calif.-based Brightwater Medical’s lead product, ConvertX, is a device designed to treat severe obstructions of the ureter. The company recently won FDA clearance for its ConvertX biliary stent system, according to Merit Medical. The deal […]
Mercator MedSystems raises $14m
Mercator MedSystems said last week that it raised $14.3 million from 25 investors as part of a $15 million equity round. The California-based company is developing catheter-guided micro-infusion systems for non-systemic delivery of therapeutic agents across blood vessels as a treatment for peripheral artery disease. Get the full story at our sister site, Drug Delivery Business […]
Acumed buys Radicle Ortho’s RASL wrist implant
Acumed said last week that it picked up a device from Radicle Orthopaedics designed to repair injuries to the scapholunate ligament in the wrist. The Reduction and Association of the Scaphoid and Lunate (RASL) system, which Acumed purchased for an undisclosed amount, has 510(k) clearance from the FDA. Roughly 120,000 people in the U.S. are […]
Dance Biopharm raises $21m for insulin delivery device
Dance Biopharm has raised $21 million from 283 investors as part of a $59.2 million offering, according to a document filed with the SEC this week. The privately-held California-based company’s Dance 501 device stores a liquid formulation of recombinant human insulin in a hand-held electronic inhaler. Using a vibrating mesh, the device produces particles of liquid insulin in a […]
Ivenix wins 510(k) clearance for infusion system
Ivenix said today that its infusion system won 510(k) clearance from the FDA. The large-volume pump and infusion system features a “smartphone-like” user interface and a suite of administration tools to remotely monitor infusions, according to Ivenix. Get the full story at our sister site, Drug Delivery Business News.
Zoll buys AED developer Cardiac Science
Zoll Medical said today that it inked a deal to acquire Cardiac Science Corp., and its portfolio of automated external defibrillators. Deerfield, Wis.-based Cardiac Science operates in North America, Europe and Asia. The company has installed more than 500,000 units in nearly 100 countries, according to Zoll. The two companies did not disclose financial terms […]
Varian adds to cancer care portfolio with $185m acquisition
Varian Medical (NYSE:VAR) said this week that it purchased two companies – Endocare and Alicon – to add to its cancer care solutions portfolio. The $185 million acquisition was financed with cash and proceeds from borrowings. Combined, Endocare and Alicon reeled in $30 million in revenues last year. Texas-based Endocare provides hardware and softwre for cryoablation […]
Smith & Nephew picks up optical tracking tech company
Smith & Nephew (NYSE:SNN) said today that it acquired Switzerland-based Atracsys Sarl and its optical tracking camera technology. The deal, which is expected to close in the third quarter of 2019, adds a “core enabling technology” to Smith & Nephew’s digital surgery and robotic platform, according to the medtech company. Smith & Nephew’s next-gen robotics platform […]
Medtronic, Tidepool ink deal for interoperable, automated insulin pump
Medtronic (NYSE:MDT) and nonprofit org Tidepool announced last week that the groups will work together to develop an interoperable, automated insulin delivery system. The medtech giant reported that it plans to build a Bluetooth-enabled MiniMed pump that is compatible with Tidepool’s Loop app, an open-source app for automated insulin delivery. Get the full story at our sister site, […]
Masimo wins FDA clearance for neonatal O3 regional oximetry indication
Masimo (NSDQ:MASI) said today that it won FDA clearance for use of its O3 Regional Oximetry system with neonatal and infant patients. The Irvine, Calif.-based company’s technology uses near-infrared spectroscopy to assess the regional hemoglobin oxygen saturation of blood on both sides of the brain. The O3 sensors are now available in sizes to fit adult, […]
Sientra closes $115m offering
Sientra (NSDQ:SIEN) last week closed a $115 million underwritten public offering, with plans to use the net proceeds to implement sales and marketing initiatives, as well as grow its U.S. and global commercial organizations. The medical aesthetics company offered 17,391,305 shares of its common stock and 2,608,695 additional shares of common stock in options to the […]
