Flex (NSDQ:FLEX) today announced a partnership with Novo Nordisk (NYSE:NVO) to develop digital diabetes management tools using Flex’s BrightInsight IoT platform. Novo Nordisk plans to use Flex’s BrightInsight system to build and manage connected medical devices and the corresponding data. The company’s IoT platform is designed to enable organizations to develop digital health devices while remaining compliant with […]
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3M slides on Q3 misses; sales, income down for healthcare business
3M Cos. (NYSE:MMM) shares took a hit today after the industrial conglomerate posted third-quarter results that missed the consensus forecast by wide margin and slashed its outlook for the rest of the year. The Twin Cities titan reported profits of $1.54 billion, or $2.58 per share, on sales of $8.15 billion for the three months […]
K2M settles investor suits with updated financials on $1.4B Stryker merger
K2M (NSDQ:KTWO) yesterday managed to mollify investors who sued to block its $1.4 billion merger with Stryker (NYSE:SYK) by releasing more details on its financials. Investors leveled the suits in the U.S. District Court for Delaware earlier this month seeking to block the deal. The purported class-action suits argued that K2M and its management failed to disclose financial projections made by […]
Beta Bionics raises $58m for iLet bionic pancreas
Beta Bionics has raised $57.5 million from 24 investors to help fund the development of its iLet bionic pancreas, according to a document filed with the SEC this week. The Mass.-based company is offering equity and securities as part of the indefinite round. Get the full story at our sister site, Drug Delivery Business News.
Axonics sets range for $100m IPO
Axonics Modulation Technologies yesterday set the range on an initial public offering that would fetch $100 million at the midpoint. The Irvine, Calif.-based company makes the r-SNM device sacral neuromodulation system for treating overactive bladder, fecal incontinence and urinary retention. Axonics touts it as the first such rechargeable device; it’s designed to deliver mild electrical stimulation using a four-electrode […]
Senseonics wins coverage from Aetna for Eversense glucose monitor
Senseonics (NYSE:SENS) said this week that won coverage from health plan provider Aetna for its Eversense continuous glucose monitoring system. Aetna provides coverage for roughly 22 million people in the U.S., according to Senseonics, making it the third largest commercial health plan provider in the country. Get the full story at our sister site, Drug Delivery […]
Nvidia, Scripps look to tackle atrial fibrillation with deep learning
Nvidia (NSDQ:NVDA) and Scripps Research Translational Institute announced today that the groups are teaming up to develop deep learning tools to process genomic and medical sensor data. The tech giant and the non-profit research org hope to leverage artificial intelligence to prevent disease and accelerate biomedical research efforts. The use of AI in healthcare is […]
ASTRO 2018 Roundup: Fujifilm enters US CT market with FCT Embrace
Fujifilm (TSE:4901) said this week it launched the FCT Embrace 85cm wide bore computed tomography imaging unit, touting it as the world’s first such device to hit the market. The system launch marks the company’s first foray into the CT field, FujiFilm said. The release was announced at the American Society for Radiation Oncology annual meeting […]
Nordson snaps up Clada Medical
Nordson (NSDQ: NDSN) said it has acquired Clada Medical Devices, a Galway, Ireland-based design and development contract manufacturer primarily focused on balloons and balloon catheters. The purchase will expand Nordson’s (Westlake, Ohio) balloon and balloon catheter capabilities with broader design, development and manufacturing capabilities, Nordson said in a statement. Terms of the deal were not disclosed. Get […]
Vapotherm registers $58m IPO
Vapotherm last week registered for an initial public offering worth nearly $58 million for the respiratory device it’s developing. Exeter, N.H.-based Vapotherm developed the Precision Flow line of devices to provide high-velocity heated, humidified and oxygenated air to treat patients with conditions such as pneumonia, chronic obstructive pulmonary disease, asthma and heart failure. Some 1,200 of […]
Shoulder Innovations raises $3m in Series A
Emerging medtech developer Shoulder Innovations said today it closed a $2.5 million Series A equity financing round to help support continued product development and growth of its existing Inset technology. The round was led by the Michigan Angel Fund, Wakestream Ventures, Genesis Innovation Group Cultivate(MD) and other equity holders, the Holland, Mich.-based company said. “It […]