Ablative Solutions tapped 30-year industry veteran Kate Rumrill, the former chief executive at NeoSync, to be its new president & CEO. Rumrill, whose resume includes stints at Covidien, Aspect Medical Systems and Eli Lilly, is slated to keep her seat on NeoSync’s board, San Jose, Calif.-based Ablative Solutions said. The company makes the Peregine renal […]
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Imaging3 completes reverse merger with cannabis company
Imaging3 (OTC:IGNG) has completed its reverse merger with Los Angeles-based cannabis company Grapefruit Boulevard Investments, following a nearly $1.25 million settlement with Imaging3’s former bankruptcy counsel, according to an SEC filing. Under the settlement, Burbank, Calif.-based Imaging3 will pay the law firm of Greenberg Glusker Fields Claman & Machtinger a total of $204,000 plus 6.35 […]
Boston Scientific aims for personalized Parkinson’s therapy with Vercise DBS
Dr. Rafael Carbunaru and his team at Boston Scientific (NYSE:BSX) have spent the last twenty years building, among other things, the Vercise deep brain stimulation system in an attempt to deliver precise, personalized therapy for people with Parkinson’s disease. “It’s a labor of love,” the VP of R&D told MassDevice.com. Carbunaru estimated there are roughly 1.2 […]
Neocis raises $30m for Yomi robot-assisted dental surgery device
Neocis yesterday said it pulled down $30 million for the Yomi robotic guidance system for dental implant procedures it developed. Miami-based Neocis, which won 510(k) clearance from the FDA for Yomi in 2017, said it plans to use the proceeds on commercialization and R&D. Existing investors, including Mithril Capital Management, backed the round, joined by […]
Johnson & Johnson ticks up on Q2 beats, raised sales outlook
Johnson & Johnson (NYSE:JNJ) shares ticked up in pre-market trading today after the healthcare conglomerate posted second-quarter results that beat expectations and raised its sales outlook for the rest of the year. New Brunswick, N.J.-based J&J reported profits of $5.61 billion, or $2.08 per share, on sales of $20.56 billion for the three months ended […]
Intuitive Surgical grabs supplier Schölly Fiberoptic’s robotic endoscope biz
Intuitive Surgical (NSDQ:ISRG) said yesterday that it paid an unspecified amount to buy Schölly Fiberoptic‘s robotic endoscope business. Denzlingen, Germany-based Schölly, a 20-year supplier for Intuitive, designed and manufactured several imaging systems for Intuitive’s flagship da Vinci surgical systems. The vendor relationship is slated to continue with Schölly’s fiberoptic business, Intuitive said. The deal includes Schölly’s […]
Paige touts study that validates its cancer diagnosis AI
AI-aided pathology company Paige said today that a new study has found that its computational decision-support systems can help clinicians diagnose and treat cancer. Published in Nature Medicine, a paper on the study describes an AI system for computational pathology that achieves clinical-grade accuracy levels. Researchers developed deep-learning algorithms to build a system that can detect prostate cancer, skin cancer […]
Abbott wins FDA approval for its fourth-generation MitraClip
Abbott (NYSE:ABT) announced today that U.S. FDA has approved the MitraClip G4, the most advanced version yet of the company’s transcatheter heart valve repair device to treat mitral regurgitation. Abbott expanded the number of clip sizes to four for the MitraClip G4, including clips with a wider grasping area, in order to expand the treatment options […]
Quarterly M&A is in the billions in Minnesota’s Medical Alley
Mergers and acquisitions neared $15 billion among Medical Alley Association members in the second quarter of 2019, the Minnesota trade group said today. About half of that was generated by one company — Minnetonka-based UnitedHealth Group (NYSE:UNH), which completed its long-awaited $4.3 billion acquisition of DaVita Healthcare (NYSE:DVA) in June. United also acquired two other companies in the […]
Potrero Medical raises $11.7 million
Predictive health company Potrero Medical has raised $11.7 million of a proposed $15 million, according to a Securities and Exchange Commission filing. The Hayward, Calif.-based company’s Accuryn system is designed to use urinary catheters as diagnostic tools. The device provides real-time measurements of intra-abdominal pressure, urine output and core body temperature and can be integrated […]
Keystone Heart inks distribution agreement with Vasorum
Keystone Heart has started distributing Ireland-based Vasorum’s Celt ACD vascular closure device in the U.S. and Europe, effective this month. Approved by FDA in 2016, the Celt ACT is a biocompatible implant meant to close femoral artery punctures taking place after catheterization. Health providers have implanted the CeltACT in more than 40,000 patients to date. […]