EndoGastric Solutions yesterday touted the results of a study that showed its EsophyX device was effective at treating certain hiatal hernia patients who have gastroesophageal reflux disease (GERD). The study concluded that and transoral incisionless fundoplication (TIF) using EsophyX is an effective treatment for patients with a hiatal hernia (HH) that is larger than 2 […]
Sony to deal $760m stake back to Olympus
Sony (TYO:6758) will reportedly sell its 5% stake in Olympus (TYO:7733) back to the company for nearly $760 million. The deal for Sony’s 68.9-million-share stake is worth ¥80.4 billion, or about $756.7 million, Reuters reported. Hedge fund Third Point, run by activist investor Daniel Loeb, had called for Sony to divest its Olympus shares, although a Sony […]
FDA pushes duodenscope makers, users away from reprocessed devices
The FDA yesterday recommended that healthcare providers move away from a type of infection-prone duodenoscope in favor of devices that can better be sterilized, after post-market surveillance again found higher-than-expected contamination rates of “high-concern organisms.” In April the FDA revealed new data showing that rates of so-called “superbug” infections were nearly twice as high as […]
Stealthy Provisio Medical adds $2m
Stealthy endovascular device developer Provisio Medical added more than $2 million to its coffers in a new equity round, according to a regulatory filing. San Diego-based Provisio is tight-mouthed about its technology, apart from revealing its focus on endovascular therapy on its single-page website. The equity and preferred stock offering brought in $2.3 million of a […]
Ambu dives on spiked distributor deal, lowered outlook
Shares in Danish endoscope maker Ambu (CPH:AMBU-B) took a dive today in Copenhagen after it spiked its deal with a U.S. distributor and slashed its outlook on the rest of the year. The Ballerup, Denmark-based company said it’s planning to cut ties with Tri-anim Health Services on the U.S. sales of its aScope pulmonary endoscopes […]
Nuvaira touts dNerva lung denervation studies
Nuvaira announced multiple peer-reviewed studies that provide further evidence of safety, clinical effectiveness and the mechanisms of targeted lung denervation. The Plymouth, Minn.-based company’s dNerva system is a bronchoscopic procedure designed to disrupt pulmonary nerve input to the lung, reducing the consequences of neural hyperactivity in chronic obstructive pulmonary disease. Nuvaira’s IPS-II trial showed successful […]
Ascyrus Medical wins breakthrough for dissection stent graft
Ascyrus Medical said today that it received breakthrough device designation from the FDA for the stent graft it developed to treat abdominal aortic dissections. The AMDS device is designed to treat acute Type A aortic dissections, in which the lining of the abdominal aorta becomes detached from the wall of the vessel. Ascyrus won CE […]
Apollo Endosurgery beats on Q2 sales, misses on earnings
Apollo Endosurgery (NSDQ:APEN) reported second-quarter results yesterday that beat analysts’ expectations for sales but missed on earnings. The Austin, Texas-based company reported a net loss of -$8.8 million, or -40¢ per share, on sales of $14.3 million for the three months ended June 30. Analysts on Wall Street were looking for losses per share of […]
Key Surgical to acquire Insitumed
Key Surgical said today that it will acquire Hamburg, Germany-based Insitumed, broadening its portfolio of endoscopy products. The acquisition is the latest in a string for Eden Prairie, Minn.-based Key Surgical. The company acquired Encompas Unlimited last year and merged in 2017 with Interlock Medizintechnik and Clinipak. Get the full story on our sister site, Medical Design […]
Intuitive Surgical grabs supplier Schölly Fiberoptic’s robotic endoscope biz
Intuitive Surgical (NSDQ:ISRG) said yesterday that it paid an unspecified amount to buy Schölly Fiberoptic‘s robotic endoscope business. Denzlingen, Germany-based Schölly, a 20-year supplier for Intuitive, designed and manufactured several imaging systems for Intuitive’s flagship da Vinci surgical systems. The vendor relationship is slated to continue with Schölly’s fiberoptic business, Intuitive said. The deal includes Schölly’s […]
How one medtech company is working on solving the data dilemma
The electronic medical record was designed to better track patient care, but it has had unintended consequences. Physicians are bombarded with digital patient information all day long, reducing their patient eye-to-eye interactions and adding hours to their workday. A 2016 American Medical Association study found that physicians spent about two hours on electronic health record […]
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