Sky Medical Technology said yesterday that it received FDA 510(k) clearance for its Geko electrostimulation device for preventing venous thrombosis. The Daresbury, England-based company’s Geko device is designed to stimulate the calf muscles to increase blood flow in the deep veins of the calf, preventing venous thrombosis in non-surgical patients at risk for venous thromboembolism. […]
Valfix Medical pulls in $1m for dual heart valve repair-replacement device
Valfix Medical this week filed an SEC Form D reporting that it sold more than $1 million in an equity offering. The Tel Aviv, Israel-based biotech company’s new notice completed its first sale on August 22 and does not intend for the equity offering to extend beyond one year, according to the filing. The total […]
UnitedCoatings rebrands CoorsTek Medical as Lincotek Medical
UnitedCoatings Group said today that it’s rebranding recently acquired CoorsTek Medical as Lincotek Medical. Rubbiano, Italy-based UnitedCoatings said the rebranding will begin the integration of Lincotek Medical into its global medical business, but it also kicks off group rebranding in an effort to “better communicate the complete global offering to customers,” according to a news […]
Xoran raises $8m for portable CT scanner
Xoran Technologies said yesterday that it landed a total of $8 million from a matching grant program with the National Institutes of Health for its xCAT IQ mobile CT imaging system. Ann Arbor, Mich.-based Xoran’s xCAT IQ is a compact, mobile CT scanner designed for high-resolution cranial imaging in the operating room and intensive care […]
Edwards Lifesciences to put $100m into Costa Rica expansion
Edwards Lifesciences (NYSE:EW) is slated to add a $100 million expansion and 500 new jobs by the end of 2020 in an effort to expand its operations in Costa Rica, according to the Costa Rican Investment Promotion Agency. The Irvine, Calif.-based company established cardiac device manufacturing facilities in Cartago in 2016, announcing a plan to add […]
Penumbra launches trial for Indigo blood clot aspiration device
Penumbra (NYSE:PEN) said today that it enrolled the first patient into its Cheetah study of the Indigo aspiration device. The Alameda, Calif.-based company said the Cheetah trial is slated to enroll up to 400 patients with coronary thrombus who are referred for percutaneous coronary intervention. The study’s primary endpoint is a composition of cardiovascular death, recurrent […]
Myra Medical raises $3m seed round, lures ex-MVRx chief Chang as new CEO
Newly formed Shifamed spinout Myra Medical said today that it closed a seed financing round worth $3.2 million and announced the appointment of Robert Chang as CEO. Campbell, Calif.-based Myra Medical was founded to produce surgical devices designed to enable maximum intraocular pressure reduction while reducing the risk of hypotony in patients with glaucoma. Proceeds […]
Philips plunges as Q3 prelims disappoint
Shares in Dutch healthcare giant Royal Philips (NYSE:PHG) took a hit today after the company’s preliminary third-quarter sales missed the consensus forecast due to blowback from the trade war between the U.S. and China. Amsterdam-based Philips said it expects group sales to reach nearly €4.7 billion ($5.2 billion), for comparable sales growth of about 6% compared […]
Medtronic puts $50m into Puerto Rico operations
Medtronic (NYSE:MDT) is reportedly planning to put $50 million into its operations in Puerto Rico, expanding capacity and adding new equipment for the cardiovascular and orthopedic products it makes there. Medtronic makes up more than 45% of industrial jobs in the Isla Encantada’s biosciences sector, which accounts for 34% of the island’s gross domestic product. The […]
Fresenius settles Medicare over-billing case for $5m
Fresenius Medical Care (NYSE:FMS; ETR:FRE) agreed to pay more than $5 million to resolve allegations that its dialysis clinic business over-billed Medicare for hepatitis B tests. The country’s largest dialysis clinic operator, Fresenius Medical Care North America agreed to pay $5.2 million to settle federal prosecutors’ allegations that it billed Medicare for tests of dialysis patients […]
OcuMedic, Gelest ink drug-delivering contact lens deal
OcuMedic said today that it entered into an exclusive supply agreement and picked up a strategic investment from Gelest for its proprietary drug-eluting soft contact lens of an undisclosed amount. Under the terms of the agreement, Morrisville, Pa.-based Gelest is set to manufacture and supply OcuMedic’s key chemistry components used in the controlled release of […]
