Now a publicly-traded company, Butterfly Network (NYSE:BFLY) reported full-year 2020 results that showed large losses even as sales grew for its whole-body imaging probes. The Guilford, Conn.-based company posted losses of -$162.7 million or -$27.90 per share, on sales of $46.3 million for the full year ended Dec. 31, 2020, for a 63.2% bottom-line slide […]
Health Technology
How 5G could affect medtech
The latest standard of broadband technology continues to make waves in 2021. But what about medtech? Cellphone using 5G (Imagy by Frederik Lipfert on Unsplash) Wireless tech companies such as Qualcomm are predicting download speeds as high as 10 gigabits per second as next-generation 5G cellular networks roll out worldwide. The open question in medtech is […]
BrainScope launches next-gen concussion diagnostic device
BrainScope announced that it launched its third FDA-cleared algorithm for concussion diagnosis on the BrainScope device. Bethesda, Md.–based BrainScope’s Concussion Index is the first physiological marker of concussive injury that aids clinicians in the assessment of patients at baseline, point of injury and through recovery, according to a news release. The index adds to BrainScope’s […]
FDA clears Optellum AI-based software system for early lung cancer diagnosis
Optellum announced today that it received FDA 510(k) clearance for its Virtual Nodule Clinic for early lung cancer diagnosis. Oxford, England-based Optellum’s product is an AI-powered clinical decision support software system for pulmonologists and radiologists managing patients with nodules (small lesions) in the lungs that could represent early-stage lung cancer, according to a news release. […]
FDA authorizes first machine learning-based screening device for COVID-19 biomarkers
The FDA announced that it authorized the first machine learning-based screening device for identifying COVID-19 biomarkers. Tiger Tech Solutions’ COVID Plus Monitor received emergency use authorization (EUA) as a non-diagnostic screening device to identify certain biomarkers that indicate some types of conditions, including hypercoagulation (which causes blood to clot more easily than normal), according to […]
FDA sets patient-generated health data meeting
The FDA today announced a virtual public meeting to discuss patient-generated health data (PGHD) and its potential impact across the healthcare ecosystem. Health and treatment history, biometric data, symptoms, and lifestyle habits can all be categorized as PGHD. Sources of PGHD, data quality measures, interoperability and potential impacts of the data in regulatory and healthcare […]
Viz.ai raises $71 million Series C, touts positive data for stroke care outcomes
Artificial intelligence platform developer Viz.ai announced that it raised $71 million in a Series C financing round. San Francisco-based Viz.ai develops AI software for treating acute ischemic stroke. The software uses a computer-aided triage system to identify a suspected large-vessel occlusion via CT scan and alerts a stroke team specialist to reduce the time to […]
GE Healthcare launches handheld ultrasound
GE Healthcare (NYSE:GE) announced that it launched the Vscan Air wireless, pocket-sized ultrasound device. Cleared by FDA in November, Vscan Air is designed to offer clear image quality, whole-body scanning capabilities and an intuitive software platform delivered in a small handheld device, according to a news release. The company debuted the first Vscan color pocket-sized ultrasound […]
BD partners with ImageMover for COVID-19 test mobile app
Becton Dickinson (NYSE:BDX) announced today that it entered into an agreement with ImageMover to offer a mobile app for COVID-19 testing. Franklin Lakes, N.J.-based Becton Dickinson’s agreement enables the ImageMover software platform to simplify medical data collection and management through a companion mobile app for SARS-CoV-2 antigen testing performed on the BD Veritor Plus system, […]
Philips and Disney want to make MRIs easier for children: Here’s how
Royal Philips (NYSE:PHG) announced today that it is teaming up with Disney to test the effects of custom-made animation to create a relaxing atmosphere for young patients. Amsterdam-based Philips will collaborate with The Walt Disney Company EMEA to see how the animation, including specially-made Disney stories within Philips’ Ambient Experience, creates a relaxing atmosphere to improve […]
Philips, DiA partner on AI-based applications for ultrasound
Philips (NYSE: PHG, AEX: PHIA) announced today that it has formed a strategic partnership with DiA Imaging Analysis to incorporate DiA’s AI library of automated solutions with Philips ultrasound. Be’er Sheva, Israel–based DiA’s AI-enabled 2D ultrasound applications have FDA clearance and a CE Mark. The applications are geared toward reducing variability and increasing the efficiency […]