Cardiovascular cryoablation tech developer Adagio Medical has raised approximately $7 million in a new round of equity and options financing, according to a recently posted SEC filing. The company is looking to raise an additional $13 million, which would bring the total raised up to $20 million, according to the filing. Adagio Medical is developing and producing […]
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CHF Solutions closes $12m offering
CHF Solutions (NSDQ:CHFS) said today that a stock-and-warrants offering brought in more than $12 million. The Eden Prairie, Minn.-based fluid management device maker said the $5.25-per-unit offering was worth a total of $10.8 million, plus an over-allotment option the underwriters exercised in full, adding another $1.6 million. The offering was divided into two issues, the first consisting […]
Could electrical stimulation reduce joint replacement infections?
The Buffalo, N.Y.–based startup Garwood Medical Devices is betting that electrical stimulation technology it has licensed from the University at Buffalo could make joint replacement infections less common. Garwood is presently raising $3 million in a series B round and is engaged in another round of animal testing of its Biofilm Disruption Device (BDD), according […]
Sientra plunges on Q4 earnings miss, clouded outlook
A fourth-quarter earnings miss and the uncertainty around an upcoming FDA advisory panel meeting on breast implants sent Sientra (NSDQ:SIEN) shares down precipitously today. The Santa Barbara, Calif.-based medical aesthetics company’s losses widened 38.1% to -$24.6 million, or 86¢ per share, on sales growth of 71.9% to $19.0 million for the three months ended Dec. […]
Neovasc prices $5m offering
Neovasc (NSDQ:NVCN) today priced an upcoming offering looking to raise $5 million to support its Tiara and Reducer devices. In the round, the Vancouver-based company will look to float approximately 11.1 million shares of its common stock at a price of 45¢ per share. The offering is expected to close on March 15, the company said. […]
Senseonics shares dip on Q4 sales miss, lowered guidance
Shares in Senseonics (NYSE:SENS) fell slightly today after the diabetes-focused device maker posted fourth quarter and full year 2018 earnings that beat loss-per-share consensus but missed sales expectations and lowered its guidance for the 2019 fiscal year. The Germantown, Md.-based company posted losses of $7.3 million, or 4¢ per share, on sales of $7.2 million for […]
CT scans may catch more low bone density sufferers before spine surgery
A CT scan before spine surgery turned up a significant number of patients with previously undiagnosed low bone density, according to a new study out of Hospital for Special Surgery (HSS) in New York City. The study, presented yesterday at the American Academy of Orthopaedic Surgeons Annual Meeting in Las Vegas, suggests there may be […]
Medtronic’s Covidien to pay $20m to settle ClosureFast kickback allegations
Medtronic‘s (NYSE:MDT) Covidien has agreed to pay approximately $20 million to resolve kickback allegations related to the sale and promotion of its ClosureFast radiofrequency ablation catheters. The Fridley, Minn.-based company agreed to pay approximately $17.5 million to the U.S. to settle alleged violations of the False Claims Act and an additional $1.5 million to California […]
FDA issues ‘leap-frog’ guidance on brain/computer interfaces
FDA has issued draft guidance for developers of devices to help amputees and people with paralysis regain mobility or their sense of touch. FDA defines brain/computer interface (BCI) devices as neuroprostheses that interface with the central or peripheral nervous system to restore lost motor or sensory capabilities. The guidance proposes that non-clinical device testing can be used […]
Smith & Nephew acquires Brainlab assets, teases next-gen robotic surgical platform
Smith & Nephew (NYSE:SNN) said yesterday that it acquired Brainlab‘s orthopedic joint reconstruction business and teased the unveiling of a next-generation surgical robotics platform for later this year. The London-based company said that its acquisition of Brainlab’s orthopaedic joint reconstruction business included its associated salesforce, which it plans to fold into its surgical robotics division. It […]
Boston Scientific wins CE Mark for Watchman FLX anti-stroke implant
Boston Scientific (NYSE:BSX) said today that it won CE Mark approval in the European Union for the next iteration of its Watchman anti-stroke heart implant. The Marlborough, Mass.-based medical device maker said the Watchman FLX is designed to be easier to implant during procedures to occlude the left atrial appendage and is re-capturable and re-positionable intraprocedurally. […]