Bob White, the EVP and president of Medtronic’s Medical Surgical portfolio, is leaving the company in a new round of reorganization. Medtronic CEO Geoff Martha announced that White was leaving at the end of the company’s Q3 earnings call this morning. “He’s been such an impactful and important leader for the company for a long […]
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EnsoData wins FDA nod for AI sleep diagnosis tech using pulse oximeters
EnsoData announced today that it received FDA 510(k) clearance for technology that enables AI-powered sleep diagnosis using pulse oximetry devices. Powered by the company’s EnsoSleep PPG scoring, widely available, wearable, FDA-cleared pulse oximetry technology can be used for sleep diagnosis, according to EnsoData. The company says it enables a high-quality, accessible and cost-effective approach to […]
Former Medtronic President Thomas Holloran passes away
Thomas Holloran — an executive from Medtronic’s earliest days who served on the medtech giant’s board for decades — has died at the age of 94. Holloran passed away on the evening of Feb. 15, the Star Tribune of Minneapolis reported. A biography on the website of the University of St. Thomas — where Holloran […]
BioSig reduces workforce again, will ‘substantially’ cut operations
BioSig Technologies (Nasdaq:BSGM) announced today that it terminated “a significant number of its employees.” Shares of BSGM were up 3.1% to 64¢ apiece in mid-morning trading today following the announcement. With this latest workforce reduction, the company says it expects to “substantially reduce business operations.” Today’s announcement marks the company’s second significant headcount cut in […]
Medtronic is exiting the ventilator market
Medtronic announced today that it will exit what it describes as its increasingly unprofitable ventilator product line. The move comes more than a year after Medtronic said it would spin off its Patient Monitoring and Respiratory Interventions businesses, part of its Medical Surgical portfolio. Reports last year claimed that other medtech companies, including GE HealthCare […]
High-ranking official in FDA’s CDRH plans to retire
Dr. William Maisel, Director of the Office of Product Evaluation and Quality (OPEQ) for the FDA Center for Devices and Radiological Health (CDRH) plans to retire this year. MedTech Dive first reported the news on Feb. 15. An FDA spokesperson confirmed Maisel’s planned retirement via email. He spent more than 14 years with CDRH, including […]
How GLP-1s tanked and reshaped the medtech stock market in 2023
Analysts weigh in on how the GLP-1 craze caused one of the biggest swings in the medtech stock market in recent years.
In a tumultuous year for the medtech industry, the combination of strong sales growth and promising clinical trial results from glucagon-like peptide 1 agonists (GLP-1s) created a seismic shift in the medtech stock market, triggering one of the largest dips in market value that analysts have seen in years. While analysts said the medtech stock market […]
Boston Scientific completes first commercial Farapulse cases in U.S.
Boston Scientific has completed the first post-FDA approval cases in the U.S. with its Farapulse pulsed field ablation system. In a LinkedIn post, Nick Spadea-Anello, president, Electrophysiology, Boston Scientific, announced the first commercial use for the AFib treatment. Marlborough, Massachusetts-based Boston Scientific won the approval for Farapulse last month. In doing so, it became second […]
The biggest stories from AAOS 2024
Stryker, Smith+Nephew, Osso VR and more made important announcements at the American Academy of Orthopaedic Surgeons’ annual meeting (AAOS 2024). AAOS 2024, running Feb. 12–16 in San Francisco, was also where a new study raised questions about the benefits of robotic knee surgery. Go to our sibling site Medical Design & Outsourcing to find out […]
Fast Five: NeuroMetrix to review strategic options; FDA clears Merit Medical’s surgical guidance system
Welcome to the MassDevice Fast Five medtech news podcast, the show that keeps you up-to-date on the latest breakthroughs in medical technology. Here’s what you need to know for today, February 16, 2024. Fast Five by MassDevice · NeuroMetrix to review strategic options; FDA clears Merit Medical’s surgical guidance system Sparrow BioAcoustics launched software that […]
Sparrow BioAcoustics launches software that turns a smartphone into a stethoscope
Sparrow BioAcoustics announced that it launched its Stethophone software that enables using a smartphone as a stethoscope. The software turns smartphones into medical-grade stethoscopes. It allows users to capture, analyze and share critical heart health data with medical personnel from any location. Sparrow won FDA clearance for the downloadable application in June 2023. That clearance […]