T2 Biosystems (NSDQ:TTOO) this week said that it inked a $69 million diagnostics deal with a U.S. Defense Dept. research program. Lexington, Mass.-based T2 Biosystems signed a $69 million funding deal with the Pentagon’s Biomedical Advanced Research & Development Authority for the development of its MR-based diagnostic for sepsis-causing pathogens and antibiotic-resistance genes. The cost-sharing contract […]
Bayer launches contrast agent injector
Bayer (ETR:BAYN) yesterday said that it has launched its Medrad Stellant Flex CT injection system. Stellant Flex is a user-driven system that requires minimal technologist training and automation, according to Whippany, N.J.-based Bayer U.S. It offers individualized patient protocols and personalized imaging with flexible options for capital equipment through the company’s TechCare program. “For more than […]
Healthy.io raises $60m in Series C funding round
Healthy.io said today that it completed a Series C financing round worth $60 million and won FDA 510(k) clearance for its smartphone-based ACR test. The funding round was led by Corner Ventures and Joy Capital, as well as previous investors Ansonia Holdings, Aleph and Samsung NEXT. The Tel Aviv, Israel-based company plans to use the […]
PerkinElmer prices $850m offering
PerkinElmer (NYSE:PKI) yesterday priced a stock offering of $850 million. The offering consists of 3.3% senior notes due in 2029 at an issue price of 99.67% of the principal amount. PerkinElmer said it expects to complete the offering on Sept. 12, and that the notes will pay interest on a semi-annual basis. Waltham, Mass.-based PerkinElmer said […]
iRhythm closes $115m offering
iRhythm Technologies (NSDQ:IRTC) said yesterday that it closed its underwritten public offering of common stock for gross proceeds exceeding $100 million. The San Fransisco-based company said it offered nearly 1.6 million shares at $73 per share, including the exercise in full of the underwriters’ option to purchase an additional 205,479 shares. iRhythm initially estimated net proceeds […]
These 5 DIY medical devices might surprise you
Big ideas in medical device development can come from regular people driven to solve vexing problems. Here are a handful of folks from outside the medtech industry who decided to create devices to solve their own health troubles or those of others around the world. Read on to see what high school, college and medical […]
Bio-Rad beats expectations on Q2 results
Bio-Rad Laboratories (NYSE:BIO) posted second-quarter earnings this evening that beat the consensus forecast on Wall Street. The Hercules, Calif.–based life science research and clinical diagnostics manufacturer reported profits of $598.8 million, or $19.86 per share, on sales of $572.6 million for the three months ended June 30, for the bottom-line more than doubling and sales slightly declining compared […]
Hologic beats The Street on Q3 earnings
Hologic (NSDQ:HOLX) reported third-quarter earnings this evening that beat the consensus forecast on Wall Street, raising its full-year guidance. The Marlborough, Mass.–based women’s health medtech company reported profits of $93.9 million, or $0.35 per share, on sales of $852.4 million for the three months ended June 29, for a bottom-line decrease of 16.8% and sales growth […]
Henry Schein and Uber want to take telemedicine to the next level: Here’s how
Henry Schein (NSDQ:HSIC) has formed a partnership with Uber Health to enable doctors to have portable medical microcarts driven to people’s homes for remote examinations. Henry Schein’s Henry Schein Medical (Melville, N.Y.) is the exclusive seller, marketer and distributor of the Medpod MobileDoc 2, made by software company Medpod (New York). The new partnership integrates Uber Health […]
Nanowear to launch trial of heart failure-monitoring underwear
Nanowear said today that it has launched a heart failure management and alert diagnostic validation study of its medical-grade, cloth-based nanosensor technology. The SimpleSense undergarment has a closed-loop machine learning platform designed to capture and algorithmically score phonocardiography, impedance cardiography measuring stroke volume and cardiac output, and multi-channel ECG assessing heart rate and heart rate […]
BioSig lands $1M investment from Mayo Clinic
Cardiac arrhythmia-detection startup BioSig Technologies (NSDQ:BSGM) has received nearly $1 million in financing from the Mayo Clinic after working with the healthcare organization for two years. BioSig recently completed first-in-human studies at the Rochester, Minn.-based clinic aimed at validating the safety and efficacy of its Pure EP system during mapping and ablation procedures in a cardiac EP lab. Patient […]
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