Titan Medical (TSX:TMD;OTC:TITFX) said yesterday that it inked a share purchase agreement with Aspire Capital worth up to $35 million. In the deal, Aspire Capital committed to purchase Titan stock up to the $35 million mark until Feb. 28, 2022, at Titan’s request. Titan plans to immediately sell Aspire Capital nearly 1.8 million shares at $1.69 […]
Inspire Medical adds more LCDs
Inspire Medical Systems (NYSE:INSP) yesterday said, for the second time this week, that two local coverage determination drafts were published for coverage of its sleep apnea therapy. Inspire Medical had two LCDs published August 26 by Medicare contractors Noridian Medicare and Palmetto GBA. Yesterday the Minneapolis-based company said Novitas Solutions and First Coast Service Options also […]
Concept Medical wins FDA breakthrough nod for MagicTouch AVF drug-coated balloon
Concept Medical said yesterday that it won breakthrough designation from the FDA for its MagicTouch AVF drug-coated balloon. MagicTouch AVF is designed to treat stenotic lesions of arteriovenous fistulae or arteriovenous graft in hemodialysis treatment of renal failure. India-based Concept Medical’s device is indicated for use in percutaneous transluminal angioplasty. The PTA procedure, using Concept […]
Philips inks deal with LindaCare to put CRM monitoring into the cloud
Royal Philips (NYSE:PHG) said yesterday that it entered into an agreement with LindaCare to combine its IntelliSpace cardiovascular informatics platform with the latter’s OnePulse cloud-based monitoring system. The combination is intended to improve monitoring of patients with implanted cardiac rhythm management devices. Belgium-based LindaCare’s OnePulse is designed to aggregate data from CRM devices, bringing transmissions from […]
Elekta buys treatment planner ProKnow Systems
Elekta (STO:EKTA B) said today that it acquired ProKnow Systems for an undisclosed amount in a move toward cloud-based solutions for advanced radiation therapy. Sweden-based Elekta will have access to ProKnow’s products, namely the ProKnow DS, to offer the cloud-based analytics systems and standardize its practices. The ProKnow DS is designed to allow for analysis of […]
FDA clears 4Web Medical’s cervical spine implant
4Web Medical said yesterday that it received FDA 501(k) clearance to market its cervical spine truss system-stand alone (CSTS-SA) interbody fusion device. The CSTS-SA contains a single-step locking mechanism designed to give surgeon users confidence in a stand-alone construct that is meant to place fixation screws through the truss implant and into adjacent vertebral bodies, […]
Eitan taps InfuSystem for Sapphire pump maintenance deal
Eitan Group said today that it inked a deal with InfuSystem (NYSE:INFU) for repair services on its fleet of Sapphire infusion pumps. Madison Heights, Mich.-based InfuSystem plans to offer flat and al-la-carte options for Sapphire service and repair, citing a three-business-day turnaround goal on repairs. Get the full story at our sister site, Drug Delivery […]
Kaiser Permanente: Virtual cardiac rehab slashes secondary event rate
Kaiser Permanente yesterday touted promising results in reducing secondary cardiac events and rehospitalizations with a virtual cardiac rehabilitation program. Developed in collaboration with Samsung (LON:BC94), the Oakland, Calif.-based insurer’s eight-week program uses a Samsung smartwatch, paired with an Apple or Android smartphone, to send reminders for exercise, display heart rate and collect data, which is uploaded […]
IotaMotion adds nearly $3m, touts human factors study
IotaMotion said today that it raised nearly $3 million in a second round of funding as it moves toward commercializing its iotaSoft robotic system for cochlear implantation surgery. The Iowa City-based startup raised $2.52 million and said it’s focused on achieving developmental and regulatory milestones on its way to commercialization for the IotaSoft system. The […]
Micron Solutions inks $4m deal with mystery medtech company
Micron Solutions (NYSE:MICR) said yesterday that it received purchase orders from an unnamed medtech company worth nearly $4 million, its largest-ever order. The mystery organization was referred to as a “leading medical technology company” in a release, as it put $3.7 million toward a contract with Fitchburg, Mass.-based Micron Solutions, which produces medical device components […]
Pulmonx touts new coverage for Zephyr valve
Pulmonx said today that its Zephyr valve designed to treat chronic respiratory disease is now covered by Priority Health under a revised lung volume reduction policy. Redwood City, Calif.-based Pulmonx’s Zephyr valves are designed to provide a less-invasive treatment option for emphysema and chronic obstructive pulmonary disease by blocking off the diseased area of the […]
