Shine Medical Technologies said this week that it closed a $50 million financing round from Oaktree Capital Management for the construction of a medical isotope production facility and commercialization of its products. The Janesville, Wis.-based company expects construction on the plant to be completed in 2021, with commercial-scale isotope production slated to begin the following […]
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Walmart brings One Drop wireless glucose meter kit to stores
One Drop said yesterday that its wireless glucose meter kit and supplies are now available at hundreds of Walmart stores in the U.S. The kits for sale at the retail store include a Bluetooth glucose meter, lancing device, carry case, test strips and lancets, along with a year of free access to One Drop’s certified […]
Livongo jumps on federal employee benefits deal
Livongo Health (NSDQ:LVGO) shares jumped yesterday after the company landed a two-year deal with the Federal Employees Health Benefits Program that could add as much as $30 million a year to its top line. Mountain View, Calif.-based Livongo developed a digital health platform to manage chronic diseases, selecting diabetes as its first target. Yesterday the […]
Human trials could start soon on Adam’s 3D printed bone grafts
Adam — a young company with technology to 3D print bone grafts made out of ceramic bioglass and modified biopolymer — said today that it expects first human trials to start by the end of the year. Officials at the Groton, Conn.– and Odessa, Ukraine–based company expect preclinical trials to finish this month. The Adam […]
Integer adds US BioDesign’s braided biomedical biz for $15m
Integer (NYSE:ITGR) said yesterday that it acquired US BioDesign‘s braided biomedical business for a minimum of $15 million. The Quakertown, Pa.–based operation makes complex braided and formed biomedical structures for the cardiovascular, neurovascular and general surgery markets. The company also offers product development, materials testing and post-processing services including electropolishing and packaging. The deal calls for […]
Restoration Robotics shareholders OK Venus Concept merger
Restoration Robotics (NSDQ:HAIR) said yesterday that its shareholders voted to approve its merger with Venus Concept. The shareholders voted on nine proposals at the company’s annual meeting last week, and the proposals that put the merger into effect were approved by approximately 85% of the outstanding shares, according to a news release. San Jose, Calif.-based Restoration […]
ICU Medical recalls infusion sets
ICU Medical (NSDQ:ICUI) said today that it is recalling certain lots of its Plum and Sapphire microbore infusion sets with inline filters due to the potential for small amounts of fluid to leak from the filters’ air vents. San Clemente, Calif.-based ICU Medical said it is not aware of adverse events related to the problem, […]
Delaware Supremes uphold IDEV founders’ loss in suit against VC backers
The Delaware Supreme Court last week upheld the dismissal of a lawsuit brought by the founder and an executive of Abbott (NYSE:ABT) acquisition IDEV Technologies against venture capital shops they accused of violating their fiduciary duties by diluting their economic and voting interests. The plaintiffs in the case were Jeffrey Sheldon, who co-founded IDEV in […]
Haselmeier licenses Axis-D pen injector to Stevanato Group
Haselmeier said today that it entered into an exclusive agreement with Stevanato Group to license the Axis-D pen injector and intellectual property for the development, manufacturing and supply of the device for diabetes care. Haselmeier’s Axis-D auto-injector pen is approved for use by the European Medical Agency and the FDA, among other regulatory bodies. The […]
Accelmed launches $100m second fund
Accelmed said today that it raised $100 million for its second healthcare-focused venture capital fund, Accelmed Ventures II. The Israeli VC shop said it plans to use its latest fund to back Israeli and global pre-revenue medical device and digital health startups, managed by Accelmed partners Dr. Irit Yaniv and Amir Blat. Accelmed founder & managing […]
Could this new Stratasys 3D printer improve medical device validation?
Stratasys (NSDQ:SSYS) today announced the launch of its J750 Digital Anatomy 3D printer, meant to replicate the feel, responsiveness, and biomechanics of human anatomy in medical models. Stratasys officials think the new printer will reduce the need to use human cadavers and animals for medical device testing and validation. There could also be a market to […]