SentiAR announced today that it closed an oversubscribed Series A financing round that brought in proceeds of $5.1 million. St. Louis-based SentiAR said in a news release that the money will allow it to accelerate the innovation of its mixed reality CommandEP system for surgical visualization. CommandEP is designed to provide physicians with holographic visualization […]
Health Technology
Microsoft spending $19.7B on Nuance and its AI for healthcare providers
Microsoft announced today that it will acquire Nuance Communications and its AI-based software used by healthcare providers. Under the agreement, Microsoft will buy Nuance at $56 per share, representing a 23% premium to Nuance’s closing price on Friday, April 9, 2021. The all-cash transaction is valued at $19.7 billion, inclusive of Nuance’s debt, according to […]
Cardiovascular Systems completes minority investment in CarePICS with option to buy
Cardiovascular Systems (NSDQ:CSII) announced that it completed a minority investment and entered into an option agreement to acquire telehealth company CarePICS. CarePICS offers a virtual care platform designed to aid in the treatment of people with peripheral artery disease (PAD), critical limb ischemia (CLI) and lower extremity wounds, according to a news release. The platform […]
FDA issues EUA for single-use, OTC PCR COVID-19 at-home test
Lucira Health announced today that it received FDA emergency use authorization (EUA) for over-the-counter sales of its COVID-19 test kit. Emeryville, Calif.-based Lucira’s PCR molecular test kit, the Lucira Check It kit, is designed to deliver results in 30 minutes or less at home. The authorization covers those with symptoms and those without, and the […]
AI-aided colon cancer tech gets FDA nod
Cosmo Pharmaceuticals announced today that it received marketing authorization for its GI Genius AI-based lesion detecting system. GI Genius is an intelligent endoscopy system that uses AI/machine learning to detect lesions in the colon such as polyps or suspected tumors in real-time during a colonoscopy, according to a news release. The device, which received FDA […]
FDA clears Activ Surgical hardware for enhanced surgical visualization
Activ Surgical announced today that it’s won FDA 510(k) clearance for ActivSight, the company’s intraoperative imaging module for enhanced surgical visualization. Todd Usen, the Boston-based company’s CEO, described the clearance as “big news” in a LinkedIn post. “This clearance gets us one step closer to bringing our technology to ORs around the world and enabling […]
Google, Varian partner on AI to boost cancer radiation therapy
Varian (NYSE: VAR) announced today that it is working with Google Cloud to build an AI-based diagnostic platform. The companies’ focus is on AI models for organ segmentation — a crucial, labor-intensive step in radiation oncology that can often turn into a clinical workflow bottleneck. It involves identifying the organs and tissues in diagnostic images […]
Better Therapeutics to go public via $113M merger with SPAC
Better Therapeutics announced today that, through a $113 million merger with Mountain Crest Acquisition Corp II, it will go public. Mountain Crest, a publicly-traded, special purpose acquisition corporation (SPAC), will acquire Better Therapeutics in a deal expected to be completed in the summer of this year, with the company continuing to operate as Better Therapeutics […]
FDA clears Philips’ Smart CT application software
Royal Philips (NYSE:PHG) announced today that it received FDA 510(k) clearance for its Philips SmartCT application software. Amsterdam-based Philips’ SmartCT software is a component of the company’s Azurion image-guided therapy system for diagnosis, therapy planning, treatment and follow-up for interventional radiology procedures. SmartCT helps to enhance clinical confidence, smooth the workflow and increase productivity through […]
Pear Therapeutics inks multiple agreements to expand digital therapeutic platform
Pear Therapeutics announced today that it entered into multiple agreements to bolster its prescription digital therapeutics (PDT) platform. Boston-based Pear Therapeutics’ agreements are set to add to its library of digital biomarkers, machine learning algorithms, sensor-based technologies and digital therapeutics, according to a news release. Get the full story at our sister site, Drug Delivery […]
Erbe Elektromedizin to acquire Maxer Endoscopy
Erbe Elektromedizin announced today that it is set to acquire Maxer Endoscopy for an undisclosed amount. Teubingen, Germany–based Erbe Elektromedizin develops, manufactures and distributes surgical instruments and devices in almost all specialist areas. Combined with other Erbe technologies, the surgical instruments are based on electrosurgery. Tuttlingen, Germany–based Maxer specializes in a wide range of endoscopic […]