Medtronic filed a Form 8K with the SEC today stating that it terminated its agreement to buy EOFlow. The medtech giant struck a $738 million deal to acquire the Seongnam, South Korea-based insulin patch pump maker in May. EOFlow develops the EOPatch — a tubeless, wearable and fully disposable insulin delivery device. Medtronic’s SEC filing […]
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Ambu has a reimbursement win for its single-use bronchoscope
Ambu announced today that CMS has approved a transitional pass-through (TPT) payment for its aScope 5 Broncho HD. The TPT payment, effective Jan. 1, 2024, will last for 24–36 months, allowing incremental reimbursement for outpatient procedures using the device. The aScope 5 Broncho HD series is Ambu’s latest generation of single-use bronchoscope. Cleared by the […]
Merit Medical upsizes private offering to $650M
Merit Medical Systems (Nasdaq:MMSI) announced today that it priced an upsized private placement worth $650 million. South Jordan, Utah-based Merit is offering 3% Convertible Senior Notes due 2029 in the offering, only to qualified institutional buyers. The company granted the initial purchasers an option to purchase up to an additional $97.5 million during a 13-day […]
Tandem Diabetes Care launches first automated insulin pump integrated with Dexcom G7 CGM
Tandem Diabetes Care (Nasdaq:TNDM) announced today that it launched its updated t:slim X2 insulin pump software with the Dexcom G7. Integration makes Tandem the first to offer automated insulin delivery with the latest-generation Dexcom continuous glucose monitor (CGM). The FDA cleared the next-generation Dexcom G7 in December 2022. By February of this year, the company began […]
EndoQuest raises $42M for endoluminal robotic tech
EndoQuest Robotics announced that it closed a C-1 preferred financing round worth $42 million in proceeds. The Houston-based endoluminal surgical robotic technology developer earmarked the funding to aid its development efforts. It expects the funds to fuel the advancement of its flexible endoluminal robot for minimally invasive procedures. EndoQuest designed its platform to address unmet […]
Rockley Photonics begins sampling biosensing wearable
Rockley Photonics announced today that it began sampling its Bioptx biosensing band and platform to strategic customers and partners. Oxford, England-based Rockley Photonics designed its band with short-wave infrared (SWIR) biosensing technology. It uses the company’s proprietary photonic integrated circuit (PIC) chipset. The company incorporated the SWIR spectrophotometer into a wearable wristband capable of several […]
Johnson & Johnson MedTech says new products will fuel growth
Johnson & Johnson considers itself “uniquely positioned to lead the next wave of healthcare innovation.” Ahead of a meeting with the investment community today, the company outlined its views on where it stands in the medtech and pharmaceutical markets. New Brunswick, New Jersey-based Johnson & Johnson set long-term financial targets, including at least 3% sales […]
GE HealthCare, AirStrip partner on patient monitoring, cardiac data visualization
GE HealthCare announced today that it entered into a joint commercialization agreement with AirStrip to distribute patient monitoring technology. AirStrip, a member of the Nantworks group of AI-driven companies, develops cardiology and patient monitoring solutions. These technologies offer data visualization technology through a proprietary, native mobile application. Clinicians can see clinical data on mobile devices […]
Aptar wins FDA contract to study low global warning potential metered dose inhalers
Aptar Pharma announced today that it entered into a contract with the FDA to work on low global warming potential (low-GWP) inhalers. The FDA enlisted Aptar intends to study the challenges of developing low-GWP propellant metered dose inhalers (MDIs). The Crystal Lake, Illinois-based company expects its study to help define the potential target product profile […]
Asensus makes another Senhance surgical robot sale
Asensus Surgical (NYSE:ASXC) announced today that it made another sale of its Senhance surgical robot system. Research Triangle Park, North Carolina-based Asensus made the sale to its distribution partner. The latest sale of Senhance means the system will be placed in a hospital in the Commonwealth of Independent States region, which includes Russia and many […]
Intuitive Ventures brings in $150M to support minimally invasive care startups
Intuitive Ventures announced today that it closed a $150 million funding round to support early-stage minimally invasive care companies. Surgical robotics pioneer Intuitive Surgical launched Intuitive Ventures with $100 million in funding more than three years ago. The early-stage fund earmarked its latest round of funding, labeled “Fund II,” for three areas of investment focus. […]
