Illumina (Nasdaq:ILMN) announced that it plans to divest Grail after a drawn-out legal battle over the $7.1 billion acquisition. In September 2020, Illumina announced an agreement to acquire Grail, a DNA sequencing and array-based tech developer. Grail itself was a startup that initially spun out from the company in 2016. Illumina completed the acquisition in […]
Merit Medical founder, CEO to retire in 2025
Merit Medical Systems (Nasdaq:MMSI) announced that Fred Lampropoulos, its founder, CEO and president, intends to retire in two years. The company outlined its ongoing CEO succession plan process with an amended and restated employment agreement. Lampropoulos intends to continue to serve as president and CEO through Dec. 31, 2025. To carry out its CEO succession […]
Ablative Solutions hits primary endpoint in renal denervation for hypertension trial
Ablative Solutions announced today that its TARGET BP I pivotal trial evaluating its Peregrine System kit met its primary endpoint. The trial evaluates alcohol-mediated renal denervation to treat hypertension with the Peregrine System. Wakefield, Massachusetts-based Ablative Solutions reported a statistically significant difference in 24-hour ambulatory blood pressure between treatment and sham procedure at three months. […]
Hospital in Germany adopts Versius surgical robot from CMR Surgical
CMR Surgical announced that Kreiskrankenhaus Rotenburg, a hospital in Germany, adopted its next-generation Versius surgical robot. This marks the first introduction of robotic surgery for the German hospital. The hospital focuses on general, visceral and trauma surgery. It plans to use Versius to conduct a range of procedures, including complex visceral surgery, abdominal tumour surgery, colorectal […]
Butterfly Network to bring Ultrasound-on-Chip tech to surgical robotics
Butterfly Network (NYSE:BFLY) announced today that it partnered with Mendaera to commercialize a new surgical robotic system. Mendaera, a Silicon Valley-based company, develops medical robotic technology. Its platform combines robotics, real-time imaging, AI and connectivity to enable intervention at scale. The company recently completed the research and design process for its novel robotic system and […]
Elutia submits drug-eluting biomatrix for use with cardiac implants to FDA
Elutia (Nasdaq:ELUT) announced today that it submitted a 510(k) premarket notification to the FDA for its drug-eluting biomatrix. The company designed its next-generation CanGarooRM for use with cardiac implantable electronic devices like pacemakers and defibrillators. A bioenvelope, CanGarooRM stabilizes the implantable devices. Made from a natural biomaterial that promotes a regenerative healing response, the biomatrix […]
Apple reportedly stops U.S. sales of certain smartwatches amid Masimo patent spat
Apple reportedly paused sales of two models of its smartwatches in the U.S. as it looks to resolve a patent dispute with Masimo . Apple confirmed the decision in a statement to 9to5Mac. The patent spat goes back as far as January 2020, centering around light-based pulse oximetry technology used by the watches. Masimo develops […]
Align Technology wins FDA nod for Invisalign palatal expander system
Align Technology (Nasdaq:ALGN) announced today that the FDA granted 510(k) clearance for its Invisalign palatal expander system. The direct 3D-printed device provides rapid expansion and subsequent holding of skeletal and/or dental narrow maxilla (upper jaw). It enables primary, mixed or permanent dentition during the treatment of growing patients. FDA clearance covers broad patient applicability, including […]
Quantum Surgical makes its first surgical robot sale in the U.S.
Quantum Surgical announced that it made the first sale of its Epione surgical robot platform in the U.S. Popular Equipment Finance (DBA K2 Capital Group), a leader in equipment financing solutions, acquired the Epione robot. The company works with healthcare organizations across the U.S., including a cancer center that used Epione in May 2023. That […]
Luma Vision raises $22M for 4D cardiac imaging, navigation tech
Luma Vision announced today that it raised $22 million to support its bid for FDA clearance of its Verafeye imaging and navigation platform. The company, headquartered in Dublin, Ireland, and Munich, Germany, develops novel four-dimensional (4D) technology. It designed Verafeye for cardiac imaging and navigation and has plans to build next-generation versions for additional applications. […]
FDA clears Masimo Stork home baby monitoring system
The FDA today published a 510(k) premarket notification granting clearance to the Stork baby monitoring system from Masimo . Stork offers a continuous and accurate view of a baby’s health data. It leverages Masimo’s noninvasive neonate monitoring technologies. Masimo’s smart home baby monitoring system officially received its clearance on Dec. 15. The company already began its […]