PerkinElmer (NYSE:PKI) inked a deal today to acquire Euroimmun Medical Laboratory Diagnostics for $1.3 billion in cash. The move is an effort to expand into autoimmune and allergy diagnostic markets, according to the scientific instruments-maker. Germany-based Euroimmun has 2,400 employees and is expected to bring in $310 million in revenue this year. Get the full […]
Diagnostics
FDA clears IND for Cerveau’s tau imaging agent
Cerveau Technologies said today that the FDA cleared the investigational new drug application for its tau imaging agent. The company plans to work with pharmaceutical partners to evaluate the product’s use in positron emission tomography scans to assess neurofibrillary tangles in the brain. NFTs composed of aggregated tau protein are characteristic of certain neurodegenerative conditions like […]
Alere says Justice Dept. closed pain lab probe as Q1 losses soar
Alere (NYSE:ALR) said yesterday that the U.S. Justice Dept. closed a probe into its pain management lab in Texas without taking action against the diagnostics giant, which also reported a nearly 974% increase in 1st-quarter losses. Waltham, Mass.-based Alere said the Justice Dept. told it June 8 that the investigation into the lab in Austin was […]
Smart intubation system dev Art Medical raises $20m
Smart intubation device developer Art Medical has raised $20 million in a new round of funding to support its platform of sensor-based smart tube solutions. Funding in the current round was led by Advanced Medical Technologies, the Israel and Palo Alto, Calif.-based company said, and comes as the company is transitioning out of stealth mode. […]
This microhole chip identifies and sorts cancer cells
Fraunhofer researchers have created a microhole chip that can identify and characterize cancer cells within minutes – helping to catch metastasis before it can begin. Traditional fluorescence-activated cell sorting (FACS) gives an estimate of the number of tumor cells in a patient’s bloodstream. If there is a higher concentration of tumor cells, there is a […]
Magellan widens lead test recall
The FDA this week expanded its Class I recall of lead poisoning tests from Magellan Diagnostics to include 2 additional testing systems. The regulatory watchdog said it recalled Magellan’s LeadCare testing systems because they may underestimate blood lead levels and provide inaccurate results with venous blood samples. Get the full story at our sister site, Drug […]
This wearable patch detects sleep apnea
A disposable diagnostic patch can detect all types of sleep apnea, according to new clinical trial results. The results showed that the SomnaPatch device had a clinical agreement between the patch and standard polysomnography of 87.4%, with 95% confidence interval of 81.4% to 91.9%, according to its maker Somnarus. SomnaPatch weighs less than 1 ounce […]
Alere files belated annual report, Q4 losses widen nearly 500%
Fourth-quarter losses for Alere (NYSE:ALR) soared nearly 500%, the diagnostics giant said yesterday after filing its overdue annual report for 2016 but ahead of its self-imposed June 15 deadline. Waltham, Mass.-based Alere said in March that it would miss the deadline for releasing last year’s results due to an investigation of inappropriate conduct at its South Korean Standard […]
BD wins 510(k) for intestinal bacteria diagnostic
Becton Dickinson (NYSE:BDX) said today that it won 510(k) clearance from the FDA for its molecular test that detects harmful intestinal bacteria causing infectious diarrhea. With the approval of its BD Max extended enteric bacteria panel, the company said the majority of pathogens causing acute gastroenteritis can be detected on its automated BD Max molecular […]
Check-Cap closes $3m funding round
Check-Cap (NSDQ:CHEK) said today it closed previously announced definitive agreement with an unnamed healthcare focused institutional investor for $2.7 million. Money in the round came from the sale of 1.4 million shares of stock at $2 per share, the Israel-based company said, with funds slated to support the ongoing development of its C-Scan device. The round also included […]
T2 Biosystems’ T2MR detects Lyme disease-causing bacteria in blood
T2 Biosystems Inc. (NSDQ:TTOO) touted data today showing that its miniaturized magnetic resonance diagnostic tech can detect Lyme disease-causing bacteria in clinical blood samples. The preclinical study was published in the Journal of Clinical Microbiology. The Lexington, Mass.-based company, in partnership with Canon USA, said it expects to wrap up preclinical studies for its T2Lyme Panel […]