Insulet (Nasdaq:PODD) announced today that the FDA cleared its Omnipod 5 for individuals aged two years and older with type 1 diabetes. Acton, Massachusetts-based Insulet’s Omnipod 5 became the first tubeless, wearable automated insulin delivery system cleared for marketing in the U.S. in January. That clearance covered individuals six years of age and older. In June, the company […]
Report: Elon Musk looks to invest in brain-computer interface competitor Synchron
Reuters is reporting that Elon Musk has approached his Neuralink company’s rival, Synchron, over a potential investment. Musk’s Neuralink recently fell behind Synchron in the brain-computer interface (BCI) space after the latter announced that it completed its first-in-human brain-computer interface (BCI) implant in the U.S. using an endovascular BCI approach, which does not require invasive […]
AI-powered imaging startup AIRS Medical raises $20M Series B
South Korea-based healthcare startup AIRS Medical announced today that it raised approximately $20 million in a Series B funding round. New investors Q Capital Partners and Hanwha Life joined the round, which also included participation from Klim Ventures, which contributed to AIRS Medical’s Series A round. Seoul National University graduates co-founded AIRS Medical in 2018. […]
Medtronic announces cash dividend for Q2 2023
Medtronic (NYSE:MDT) announced that its board approved a fiscal 2023 second-quarter cash dividend of 68¢ per ordinary share. The approval, which came on Thursday, Aug. 18, 2022, represents an 8% increase on the prior year and is consistent with the dividend announcement made by the company in May 2022. Medtronic increased the cash dividend to 68¢ […]
EchoNous partners with Samsung on AI-guided ultrasound
EchoNous announced today that it entered into an alliance with Samsung to run its ultrasound offerings off the Galaxy mobile tablets. Redmond, Washington–based EchoNous develops the Kosmos portable, artificial intelligence (AI)-guided point-of-care ultrasound (POCUS) tool. Under the new partnership, Kosmos will now be able to run on off-the-shelf Samsung Galaxy Tab Active Pro tablets (models […]
RefleXion expands footprint through multi-system contract with Select Healthcare
RefleXion Medical announced today that it entered into a three-system contract with Select Healthcare cancer facility developer. The multi-year, multi-site contract was agreed upon with the aim of creating new, free-standing treatment centers using the RefleXion X1 platform for treating all stages of cancer with external beam radiotherapy (EBRT). RefleXion said in a news release […]
Report: 3M faces losses of $100B in earplug lawsuits
3M (NYSE:MMM) could reportedly see more than $100 billion in losses due to lawsuits regarding allegedly faulty earplugs. Bloomberg reported earlier this week that a litigation consultant hired by lawyers suing 3M suggested that the losses and bankruptcy could come from suits from veterans who blame hearing problems on the company’s earplugs. The report stated […]
Caregility, Eko partner to bring smart stethoscope to telehealth platform
Caregility and Eko announced today that they entered into a partnership to integrate cloud technology and smart stethoscopes. The partnership enables seamless integration between Caregility’s cloud platform and Eko’s smart stethoscopes and software. The idea is to allow health providers on Caregility’s iConsult application to perform auscultation (heart, lung, and other body sounds) on patients […]
Henry Schein makes $400M increase to share repurchase plan
Henry Schein (Nasdaq:HSIC) announced today that its board of directors authorized a repurchase plan worth up to $400 million. Melville, New York–based Henry Schein’s authorization of the repurchase of up to $400 million in shares of the company’s common stock adds to a $400 million repurchase program announced in May 2021. That plan from more […]
Tandem Diabetes Care delivers 1 million insulin boluses using t:connect mobile app
Tandem Diabetes Care (Nasdaq:TNDM) announced today that its users have delivered more than 1 million insulin boluses using its app. Users of the t:connect app feature on their mobile devices have reached the 1 million insulin bolus milestone with the t:slim X2 insulin pump within the first month following its commercial release. San Diego-based Tandem designed […]
CathVision closes $7.2M financing round for electrophysiology recording tech
Electrophysiology (EP) technology developer CathVision announced today that it secured $7.2 million in funding from existing investors. Copenhagen, Denmark–based CathVision plans to use the funds to advance commercial operations for driving the adoption of its ECGenius system for EP recording. Additionally, funds will go toward developing artificial intelligence (AI)-powered analytic modules to provide electrophysiologists with […]