Meditrina said yesterday that it completed a round of equity financing worth $13 million for the commercialization of its Aveta System for treating intrauterine pathologies. The San Jose, Calif.-based company’s Aveta system won FDA 510(k) clearance in May; the company plans to put the $13 million toward the platform’s market launch. The Aveta system is […]
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Cantel Medical closes Hu-Friedy buy
Cantel Medical (NYSE:CMD) said today that it closed the buyout of dental instruments maker Hu-Friedy. Little Falls, N.J.-based Cantel said it put up about $719.4 million up front, consisting of $665 million in cash and 751,471 shares of its stock, which were worth about $54.4 million at yesterday’s $72.38 closing price. The deal also includes $50 […]
NIH puts up $20m for new medtech hubs
The National Institutes of Health said today that it awarded $20 million to fund five medtech hubs to speed the translation of biomedical developments into commercially viable products. The new centers join the Research Evaluation & Commercialization Hubs, which aim to expand a national network of proof-of-concept centers that links 34 academic institutions, according to […]
Could the U.S.-China trade war stifle medical device innovation?
Makers of high-value medical devices such as MRI machines will likely swallow the cost of the U.S.-China trade war, but that means cutting R&D and other costs, according to a new report from Frost & Sullivan. The report — “U.S.-China Tariff War Implications for the Healthcare Industry” — also predicts that when it comes to […]
This low-magnetic MRI field produces clear images of the lungs
Researchers at the National Institutes of Health and Siemens developed a low magnetic-field MRI system to improve imaging of the lungs. The high-performance, low magnetic-field MRI system is designed to improve the image quality of the lungs and other internal structures. It is also designed for patients who have pacemakers and defibrillators and is compatible […]
Imbed Biosciences wins $1.5m NIH grant
Imbed Biosciences said last week that it received a $1.5 million grant from the National Institutes of Health to develop a bioresorbable, antibacterial wound dressing. Fitchburg, Wis.-based Imbed said the two-year Small Business Innovation Research grant, from the NIH’s National Institute for Arthritis & Musculoskeletal & Skin Diseases, is for R&D on a bioresorbable wound […]
URGENT/11 cybersecurity vulnerabilities could affect medtech
This article has been updated with information from BD. Cybersecurity researchers have identified 11 vulnerabilities that could allow anyone to remotely take control of an imaging system, an infusion pump or an anesthesia machine, according to the FDA. More types of devices may be affected as well. The vulnerabilities, called URGENT/11, allow attacks to occur […]
Endotronix expands Series D to $70m
Endotronix said today that it added $35 million to the Series D round it first closed a year ago for the Cordella cardiovascular monitoring technology it’s developing. The Lisle, Ill.-based company initially closed the Series D at $45 million on Sept. 14, 2018, earmarking the proceeds for CE Mark approval in the European Union and […]
Stryker inks $30m deal with Conformis
UPDATED Oct. 2, 2019, with details on the agreement. Stryker (NYSE:SYK) inked a deal worth up to $30 million for the customized instrumentation technology developed by Conformis (NSDQ:CFMS). The deal calls for Stryker to pay $14 million up front for the Conformis patient-specific instrumentation, which uses CT scans to create customized, single-use instrumentation for knee replacement […]
I’m a medtech expert who survived a tumor in my head
More than five months into a successful recovery from surgery to remove a golfball-sized meningioma, medtech industry veteran Bill Betten reflects on lessons learned. Bill Betten, Betten Systems Solutions A neurosurgeon walks into the room and says, “So you’re the interesting case.” Not exactly words one wants to hear, but the scientist and engineer inside […]
Bay Labs rebrands as Caption Health
Bay Labs said today that it is renaming the company Caption Health and rebranding its flagship technology, EchoGPS, as Caption Guidance. The San Francisco-based company plans to incorporate Caption Guidance technology into compatible ultrasound devices and offer that product to the market as Caption AI. Caption AI is designed to allow for quick and accurate […]