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 […]
Motus GI upsizes follow-on offering
Motus GI (NSDQ:MOTS) yesterday upsized a follow-on offering it prepped for late last year to $20 million. Ft. Lauderdale, Fla.-based Motus developed the Pure-Vu device, which is designed to deliver a mixture of water and air to remove debris even when patients haven’t completed their bowel prep for colonoscopies. In February 2018 the company raised […]
Apollo Endosurgery updates labeling on intragastric balloon
Apollo Endosurgery (NSDQ:APEN) said today that the FDA has approved its proposed labeling updates for the Orbera intragastric liquid-filled balloon system, which is used to treat obesity. The goal of the labeling updates is to improve patient safety and they will take effect immediately, according to the Austin, Texas-based company. The Orbera system and Reshape […]
EndoGastric Solutions adds $14m to Series I round
EndoGastric Solutions said today that it closed its Series I financing round bringing in a total of $45 million, with proceeds slated to support commercialization and and improving market demand for its EsophyX device. The EsophyX device is designed to be deployed transorally, resulting in an incision-less fundoplication. EndoGastric Solutions’ first version of the EsophyX device […]
Former Olympus exec gets probation for allowing faulty device sales
Olympus’ former top regulatory official has dodged a prison term for failing to file adverse event reports with the FDA regarding infections connected to contaminated duodenoscopes, according to published reports. Hisao Yabe, 64, and Tokyo-based Olympus (TYO:7733) both entered guilty pleas in December in U.S. District Court in Newark, N.J. for failing to file the […]
Olympus inks deal to distro Meditech Endoscopy’s Scope Pro-tech tip protector
Olympus (TYO:7733) said today that it inked a deal with Meditech Endoscopy to act as the exclusive distributor of its Scope Pro-tech endoscopic tip protector device, which won FDA clearance this month. The Scope Pro-tech tip protector is a sterile, cage-like cover designed to protect the distal tip and bending rubber section of endoscopes from impact […]
Cook Medical partners with Ambu A/S to distro single-use duodenoscope pending FDA approval
Cook Medical said on Saturday that it inked a deal to partner with Ambu A/S to distribute its single-use, disposable duodenoscope devices once they receive FDA clearance. Bloomington, Ind.-based Cook Medical said that Ambu is currently developing the scope to help address infections caused by cross-contamination, as reusable scopes pose a contamination risk and have […]
Gore wins FDA nod for Gore Tag TEVAR system with Active Control
W.L. Gore & Associates said today that it won a nod from the FDA for its Gore Tag conformable thoracic endovascular aortic repair stent graft with Active Control. The newly cleared Gore Tag TEVAR product features the Flagstaff, Ariz.-based company’s Active Control system, which it said provides a controlled, two-stage deployment. The initial deployment is […]
AI Medical Service raises $43m
AI Medical Service said today that it raised nearly $43 million in Series B funding, bringing its total funding close to $60 million over the past three years. The Tokyo-based company said that, combined with the more than $9 million it raised in an August 2018 financing round, it has raised approximately $57 million since […]
Medtronic releases new data on Endurant, Valiant Navion stent grafts
Medtronic (NYSE:MDT) today released new data on its stent graft program at the Charing Cross Symposium in London, touting two-year results for its Endurant line and 30-day data from a pilot study of its Valiant Navion device. The Fridley, Minn.-based medtech giant said preliminary two-year results from a study of the Endurant II/IIs devices, used […]
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