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Business/Financial News

Could this hydrogel repair a broken heart?

March 2, 2021 By Nancy Crotti Leave a Comment

European researchers have developed an injectable hydrogel that could help repair and prevent further heart muscle damage after a heart attack. The therapeutic effect of multiple injections of this hydrogel into the cardiac tissue was assessed during the first preclinical study of its kind, demonstrating its efficacy for cardiac tissue remodeling following a heart attack, […]

Filed Under: Cardiovascular, Featured, Regenerative Medicine, Research & Development Tagged With: hydrogel, National University of Ireland Galway, University of Gothenburg, University of Milano-Bicocca, University of Valladolid, University Paris Est

Philips, DiA partner on AI-based applications for ultrasound

March 2, 2021 By Chris Newmarker Leave a Comment

Philips (NYSE: PHG, AEX: PHIA) announced today that it has formed a strategic partnership with DiA Imaging Analysis to incorporate DiA’s AI library of automated solutions with Philips ultrasound. Be’er Sheva, Israel–based DiA’s AI-enabled 2D ultrasound applications have FDA clearance and a CE Mark. The applications are geared toward reducing variability and increasing the efficiency […]

Filed Under: Business/Financial News, Health Technology, Imaging, Software / IT, Ultrasound Tagged With: AI, artificial intelligence, DiA Imaging Analysis, Philips

Varian CEO Dow Wilson to retire after merger with Siemens Healthineers

March 2, 2021 By Chris Newmarker Leave a Comment

Varian (NYSE: VAR) announced today that CEO Dow Wilson will retire after Siemens Healthineers‘ planned $16.4 billion acquisition of the company, which is expected to close in the first half of this year. Wilson, who has been with Varian for 16 years, will serve as a special advisor to Siemens Healthineers (Frankfurt: SHL) to help […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions Tagged With: Personnel Moves, Siemens Healthineers, Varian Medical Systems

Ambu single-use endoscope wins Frost & Sullivan innovation award

March 2, 2021 By Danielle Kirsh Leave a Comment

Frost & Sullivan today announced that it awarded Ambu with a 2021 Global New Product Innovation Award. Ambu received the award for its single-use flexible endoscopes that are designed to make the devices safe, affordable and accessible. It has aView and aBox all-in-one video displays that eliminate the traditional video endoscopy tower size and expense to be […]

Filed Under: Business/Financial News, Endoscopic, Featured, Hospital Care, Imaging Tagged With: Ambu, Frost & Sullivan

Q BioMed wins federal contract for bone cancer drug

March 2, 2021 By Sean Whooley Leave a Comment

Q BioMed (OTCQB:QBIO) announced today that it signed an agreement for its Strontium89 drug to be included on the Federal Supply Schedule (FSS). New York-based Q BioMed’s agreement with the U.S. government provides U.S. veterans and other federal government agencies and eligible patients access to Strontium89, a treatment for metastatic bone pain related to common cancers, […]

Filed Under: Business/Financial News, Contract Manufacturing, Drug-Device Combinations, Featured, Oncology, Pharmaceutical Tagged With: Q BioMed, qbiomed

Report: Biden to announce partnership for Merck to make J&J’s COVID-19 vaccine

March 2, 2021 By Sean Whooley Leave a Comment

President Joe Biden is reportedly set to announce a partnership in which Merck (NYSE:MRK) will make Johnson & Johnson’s (NYSE:JNJ) recently approved COVID-19 vaccine. The Washington Post reported that the agreement between the two competitors will boost the supply of the single-dose vaccine from J&J’s Janssen subsidiary, which received FDA emergency use authorization last week. Get the full story at […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Pharmaceutical Tagged With: coronavirus, COVID-19, COVID-19 vaccine, COVID-19 vaccines, Johnson & Johnson, Merck

Axonics, Micro Systems Technologies partners to make rechargeable SNM device

March 2, 2021 By Sean Whooley Leave a Comment

Axonics (NSDQ:AXNX) announced today that it entered into a strategic alliance with Micro Systems Technologies. Micro Systems Technologies (MST) manufactures printed circuit board assemblies for the Axonics r-SNM (sacral neuromodulation) system in Lake Oswego, Oregon, according to a news release. The newly minted strategic alliance expands the relationship between the two as the companies collaborate […]

Filed Under: Business/Financial News, Featured, Gynecological, Men's Health, Neurological, Neuromodulation/Neurostimulation, Urology, Women's Health Tagged With: Axonics Modulation Technologies, Micro Systems Technologies

SeaSpine ticks up on 6.2% sales growth in Q4, reports losses

March 2, 2021 By Danielle Kirsh Leave a Comment

SeaSpine Holdings (NSDQ:SPNE) posted fourth-quarter results that missed the consensus forecast on Wall Street. The Carlsbad, Calif.-based company reported losses of $10.3 million, or -37¢ per share, on sales of $46.4 million for the three months ended Dec. 31, 2020, for a sales growth of 6.2% compared with Q4 2019. Earnings per share were -37¢, 12¢ […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Orthopedics, Wall Street Beat Tagged With: SeaSpine

Boston Scientific completes Preventice buy, divests BTG Pharmaceutical business

March 2, 2021 By Sean Whooley Leave a Comment

Boston Scientific (NYSE:BSX) announced that it completed its acquisition of Preventice Solutions that could be worth up to $1.225 billion. The transaction includes a cash payment of $925 million upfront with up to an additional $300 million in potential commercial milestone payments available. Accounting for the company’s approximately 22% equity stake in Preventice prior to the […]

Filed Under: Business/Financial News, Cardiovascular, Diagnostics, Featured, Health Technology, Mergers & Acquisitions, Pharmaceutical, Software / IT Tagged With: Boston Scientific, BTG, Preventice, SERB

Philips appoints chief innovation and strategy officer

March 2, 2021 By Danielle Kirsh Leave a Comment

Royal Philips (NYSE:PHG) today said it has appointed Shez Partovi as chief innovation and strategy officer, effective July 1. Partovi replaces Jeroen Tas and will report directly to CEO Frans van Houten. He will also join Philips’s executive committee on March 22 to ensure a seamless transition. Tas will take on a part-time role at the […]

Filed Under: Business/Financial News Tagged With: royalphilips

Silk Road Medical reports losses in Q4, sales up 13%

March 2, 2021 By Danielle Kirsh Leave a Comment

Silk Road Medical (NSDQ:SILK) posted fourth-quarter results that missed the consensus forecast on Wall Street, citing a second wave of COVID-19 in the last quarter of 2020. The Sunnyvale, Calif.-based company reported losses of -$16.8 million, or -49¢ per share, on sales of $21.1 million for the three months ended Dec. 31, 2020, for a […]

Filed Under: Business/Financial News, Cardiovascular, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Silk Road Medical Inc.

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