Elon Musk’s Neuralink has filed to raise $649 million in a new equity offering, according to an SEC filing submitted this week. The brain-computer interface company said yesterday that the offering will not last more than a year. Founded in 2016, Neuralink is developing implantable brain-computer interfaces (BCIs) that translate neural activity into commands for […]
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BofA: Surgical robot remanufacturing not a major setback for Intuitive
Analysts from BofA aren’t sweating recent buzz around Intuitive following a breakthrough in surgical robot reprocessing technology. Last month, Restore Robotics announced the first-in-human use of a remanufactured da Vinci Xi robotic instrument on a patient using the newest model robotic surgical system, the da Vinci 5. The company holds the only clearance from the […]
Ceryx Medical raises $15M to support bioelectronic pacemaker
Ceryx Medical announced that it closed a new funding round, bringing its total raised to $15 million to support its pacing technology. The London-based company aims to revolutionize cardiac care through intelligent, adaptive pacing technology. Its lead product, a temporary cardiac pacing device, is currently undergoing clinical evaluation. The company noted “highly encouraging” early results […]
Smith+Nephew opens new medtech center in Barcelona
Catalonia Trade & Investment announced that Smith+Nephew officially inaugurated a new medtech facility in Barcelona. The Catalan Government’s public agency, dedicated to assisting international firms in investing in Barcelona-Catalonia, stated that the new Barcelona Smith+Nephew campus is situated on the former Braun premises in Esplugues de Llobregat. It spans approximately 2,000 square meters. The company […]
Medtronic unveils ‘MiniMed’ as name for soon-to-be separated Diabetes unit
The soon-to-be-separated Medtronic Diabetes unit has a new — yet familiar — name, the company announced. Our sister site, Drug Delivery Business News, reports today that the medtech giant selected “MiniMed” as the name for the business. Choosing “MiniMed” as the new company’s name means it doesn’t have to deviate far from a recognizable brand. […]
Aortyx raises $16M for bioresorbable aortic patch
Aortyx announced today that it brought in $16 million (€13.8 million) to support its bioresorbable aortic patch technology. The company expects the funding to help bring the patch to first-in-human tests within two years. Funding came from Ship2B Ventures, through its BSocial Impact Fund (supported by Banco Sabadell, the EIF, and AXIS), and Clave Capital, […]
Medtronic advises discontinuation of certain Newport ventilators after recall
Medtronic today announced that it issued a voluntary recall notification related to specific Newport ventilators and related service parts. The voluntary recall — labeled Class I by the FDA — relates to specific Newport HT70 and HT70 Plus ventilators and the related parts. With the recall, Medtronic advised the discontinuation of clinical use of the […]
Volta Medical wins expanded labeling for AI decision support system
Volta Medical this week announced a labeling update for its Volta AF-Xplorer decision support system following the publication of landmark clinical data showing the system’s efficacy in treating persistent atrial fibrillation. The Marseille, France-based company said that the new labeling incorporates data from the TAILORED-AF trial, a prospective, multicenter, randomized study that demonstrated the AI-assisted […]
Wandercraft raises $75M to support AI-powered robotic exoskeleton
Wandercraft announced today that it secured $75 million in funding as part of its Series D financing round to support its robotic exoskeleton. Renault Group, PSIM fund, managed on behalf of the French State by Bpifrance, Teampact Ventures and Quadrant Management contributed. The company says the latest capital infusion comes during a time of rapid […]
Johnson & Johnson adds JPMorganChase president to its board
Johnson & Johnson announced today that it elected JPMorganChase President Daniel Pinto to its board of directors. Pinto, a prominent business leader, has more than three decades of financial expertise across critical leadership roles within JPMorganChase. In addition to serving as president at one of the world’s preeminent global financial services firms, he also serves […]
Precision Neuroscience adds Neuralink co-founder, former FDA director to leadership team
Precision Neuroscience announced today that it has named a new SVP of R&D, along with a new director of medical affairs. The appointments expand the company’s leadership team as it advances its brain-computer interface (BCI) technology. This follows a duo of leadership appointments last month as well. Vanessa Tolosa, a Neuralink co-founder and expert in […]
