Cambridge University spin-out Cambridge Bio-Augmentation Systems and tech company Nvidia are partnering to work on a system that they hope will allow devices to directly communicate with the human central nervous system, according to a new Forbes report. CBAS is developing neural interfaces they say will allow external devices to communicate directly with the central […]
Business/Financial News
Wall Street Beat | Earnings Reports | Funding Roundup | Mergers & Acquisitions | Initial Public Offerings | Legal News
Facebook, NYU partner on AI-powered MRI project
Facebook’s artificial intelligence lab is partnering with New York University’s medical school to try and try to improve magnetic resonance imaging systems, according to a CNN report. NYU’s medical school will provide the social media giant an anonymous dataset of 10,000 MRI exams to train a deep-learning algorithm to recognize anatomical arrangements in hopes that […]
Philips launches Epiq CVx cardiovsacular ultrasound system
Royal Philips (NYSE:PHG) said today it launched the Epiq CVx cardiovascular ultrasound system. The newly launched system is designed to increase diagnostic confidence and simplify workflows to increase patient interaction and reduce the need for repeat scans, the Amsterdam-based company said. “The Epiq CVx brings together advanced image quality, quantification and intelligence specifically for the cardiologist. […]
Intel, Philips tout speed gains in AI-powered healthcare algorithms
Intel (NSDQ:INTC) and Royal Philips (NYSE:PHG) said last week they are partnering to test Intel hardware’s ability to run deep learning artificial intelligence programs intended to improve the capabilities of Philips tech. The two companies joined to test the abilities of hardware using Intel Xeon processors and the OpenVINO toolkit for two AI-powered programs: one for […]
Endologix takes out $210m convertible loan
Endologix (NSDQ:ELGX) has taken out a $210.5 million convertible loan facility, according to a recently posted SEC filing. The Irvine, Calif.-based company said that it entered into the loan facility for $210.5 and issued warrants to purchase, with three unnamed investors participating in the warrant purchase. The first sale in the offering was noted on August 9, […]
Urotronic raises $20m for drug-coated balloon catheter
Urotronic has raised $20 million in an equity offering involving 7 investors, according to a document filed with the SEC this week. The Minnesota-based company is developing a drug-coated balloon catheter designed to treat urethral strictures in men. Urotronic’s latest fundraising efforts come on the heels of a $6 million offering that closed in July. Get the full story at […]
Meditology, CloudPost partner to offer med device security services
Healthcare information security group Meditology Services said today it is partnering with internet-of-things security firm CloudPost Networks to provide end-to-end medical device security program solutions. Through the partnerships, the companies will look to provide medical device security programs that use CloudPost’s medical device inventory and protection software alongside services to protect patients from security risks […]
Danaher to spin out dental biz
Danaher (NYSE:DHR) said late last month it plans to spin off its dental business into an independent, publicly-traded company. The Washington D.C.-based company said that the transaction is intended to be tax-free to Danaher shareholders, and expected to close in the second half of next year. “This is an important step towards realizing even greater […]
Stryker suit against liability insurer stays alive
A federal judge last week denied a motion to dismiss a suit filed by Stryker (NYSE:SYK) against its liability insurer XL Insurance America over issues with coverage related to the company’s Uni-Knee implants. In the case, Stryker is seeking to recover damages from XL related to a batch of expired artificial knee joints sold between 1997 […]
IntriCon closes $95m offering
IntriCon (NSDQ:IIN) said late yesterday it closed a $94.9 million round of financing slated to support capital expenditures and the repurchasing of company shares. The Arden Hills, Minn.-based company said it sold 1.5 million shares of common stock at $55 per share. The offering also included a fully exercised 30-day underwriter’s option to purchase an additional […]
Report: Amazon adds MGH cardiologist Majmudar | Personnel Moves – August 21, 2018
Amazon (NSDQ:AMZN) has picked up well-known cardiologist Dr. Maulik Majmudar for a new role within the company as it looks to continue its foray into healthcare, according to a recent CNBC report. The announcement was made by Majmudar himself on Twitter, according to the report, though he did not state what his specific role within the […]