The latest 510(k) clearance for the Verily Study Watch will further the efforts of the Google sister company and iRhythm Technologies (NSDQ:IRTC) to improve atrial fibrillation treatment. Verily — a life science company under Alphabet (NSDQ:GOOGL) — recently received an FDA 510(k) clearance to include an irregular pulse monitor in its Study Watch wearable. “We’ve worked carefully […]
Miles White’s fearless strategy for growing Abbott
With strong leadership and a taste for risk-taking, outgoing CEO Miles White left no stone unturned as he grew Abbott into one of the world’s largest medical device companies. Few medical device companies have seen the growth and transformation that Abbott (NYSE:ABT) has seen under the leadership of Miles White. During his two decades as […]
T2 Biosystems appoints new CEO
T2 Biosystems (NSDQ:TTOO) yesterday said it appointed John Sperzel as president and CEO, effective immediately. Sperzel succeeds John McDonough who will continue to serve on the board as a non-executive chairman. “I am honored to join T2 Biosystems as its second CEO at this important transitional moment,” Sperzel said in a news release. “This is an […]
Bio-Rad Laboratories appoints new head of clinical diagnostics group
Research and clinical diagnostics company Bio-Rad Laboratories (NYSE:BIO) announced that it has appointed Dara Grantham Wright as its executive VP and president of the clinical diagnostics group in a move made effective on Jan. 1. Grantham Wright is taking over for John Hertia, who retired from the position on Dec. 31, 2019. Her responsibilities include providing […]
OncoCyte announces $7.6m offering
Molecular diagnostics company OncoCyte (NYSE:OCX) announced that two investors have agreed to purchase nearly $8 million of its common stock in a registered offering. Pura Vida Investments and another institutional investor combined for the $7.6 million offering, which was completed directly with the investors and included no placement agent fees. OncoCyte is slated to sell […]
CES 2020: Medical technologies you need to know
The mobile health devices and wearables trend is seemingly accelerating this year, with 546 digital health and 635 wearable devices being touted at the annual CES show in Las Vegas. Digital health devices and wearables on display are up from the 505 and 620 devices, respectively, presented at CES 2019. Health and medical devices being […]
CDx Diagnostics raises $11m for tech to spot pre-cancerous cells in esophagus
CDx Diagnostics‘ parent company has raised more than $11 million in its latest money-raise as it continues to promote its WATS3D diagnostic platform for spotting pre-cancerous cells in the esophagus. Six investors provided money to CDx Medical Holdings, according to the SEC Form D dated Dec. 16. The company had sought up to $17.3 million. […]
Masimo’s improved pulse oximetry tech now available to all U.S. newborns
Masimo (NSDQ:MASI) has won FDA clearance for pulse oximetry sensors with improved oxygen saturation accuracy specifications for newborns over 3 kg in weight. Masimo touted significantly improved performance specifications for the RD SET sensors with Masimo Measure-through Motion and Low Perfusion SET pulse oximetry. The improved specs were already available for babies under 3 kg, so […]
Sanofi eyes Synthrox purchase
Sanofi (NYSE:SNY) announced today that it is planning to tender an offer to acquire all outstanding common stock shares of clinical-stage biotech company Synthorx. The agreement and plan of merger between the two companies was announced on Dec. 7 and the offer is being made pursuant to that. Sanofi said it stands to acquire the common […]
Fujifilm to acquire Hitachi’s medical imaging biz for $1.56 billion
Fujifilm (TSE:4901) announced today that it plans to buy Hitachi’s (NYSE:HIT) medical imaging business for about $1.56 billion. The boards of both companies are scheduled to vote on the acquisition today. The deal could improve Fujifilm’s ability to compete globally against medical imaging giants GE Healthcare (NYSE:GE), Philips (NYSE:PHG), Siemens (NYSE:SI) and Canon (NYSE:CAJ). GE, […]
Drug or device? FDA loses this argument for now
This article has been updated with comments from an attorney for Genus Medical Technologies. A federal judge has temporarily blocked an attempt by the FDA to regulate a barium sulfate product ingested before imaging as a drug. The decision counts as at least a partial win for Genus Medical Technologies (St. Louis), maker of the […]
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