Fujifilm (TSE:4901) announced today that it plans to buy Hitachi’s (NYSE:HIT) medical imaging business for about $1.56 billion. The boards of both companies are scheduled to vote on the acquisition today. The deal could improve Fujifilm’s ability to compete globally against medical imaging giants GE Healthcare (NYSE:GE), Philips (NYSE:PHG), Siemens (NYSE:SI) and Canon (NYSE:CAJ). GE, […]
Health Technology
Bio-Rad recovering from ransomware attack
Bio-Rad Laboratories (NYSE:BIO) said late Friday afternoon that it is making good progress recovering from a ransomware attack that was detected on the company’s network on December 5. The company did not reveal the hacker’s demands, if any. Once the malicious software was detected, Bio-Rad immediately took certain systems offline, the company said in a […]
Caresyntax to acquire Syus; raises $45.6m
Caresyntax announced today that it acquired operating room operations and cost analytics company Syus for an undisclosed amount after it raised nearly $46 million. The company closed a total of $45.6 million in financing from Whiz Partners, a Takeda-backed drug-discovery gateway fund, along with Plug and Play, Barco Healthcare, Mitsubishi, Relyens, IPF Partners and Caresyntax […]
Sanofi backs away from diabetes partnership with Verily
Three years after investing $248 million in a Type 2 diabetes joint venture with Google’s (NSDQ:GOOGL) Verily Life Sciences, , Sanofi (NYSE:SNY) is backing out. The drug company’s new CEO made the announcement during a capital markets meeting yesterday, saying the company had over-invested in the virtual diabetes clinic, Onduo, according to published reports. Sanofi will […]
Sectra and Leica seek FDA clearance for digital pathology solution
Sectra (STO:SECTB) and Leica Biosystems announced that they formed a partnership to collaborate in an effort to win FDA clearance for an integrated clinical pathology solution. The companies said their goal is to address the clinical needs of enterprise-level customers, including academic medical centers, clinical research organizations and large hospital networks. They have already submitted an […]
How GE Healthcare is investing in medtech innovation
GE Healthcare (NYSE:GE) appears to be taking the “throw it against the wall and see what sticks” approach when it comes to medtech innovation. GE’s Chicago-based healthcare subsidiary today announced a medtech 3D printing partnership with Formlabs (Somerville, Mass.). GE Healthcare also disclosed its participation in the recent $243 million Series C round of robot-assisted surgery […]
DOE lab is using machine learning to build a better battery
The U.S. Department of Energy’s Argonne National Laboratory is working to use machine learning and artificial intelligence to build a better battery. Should the DOE’s efforts prove fruitful, it could be a positive development for the medical device industry, where batteries have proven to be a technological stumbling block when it comes to device miniaturization. […]
GE Healthcare wants to expand the use of AI in healthcare: Here’s how
GE Healthcare (NYSE:GE) announced today that it is launching the Edison Developer Program for accelerating the adoption and impact of artificial intelligence applications and developer services across health systems. The EDP is setting out to offer healthcare services to accelerate the ability to build innovations for improving operational and clinical outcomes while offering access GE Healthcare’s […]
Lunit wins CE Mark for AI-powered chest X-ray software
Medical artificial intelligence company Lunit announced that it won CE Mark approval for its Lunit Insight CXR up-to-date chest X-ray analysis AI. The Seoul-based company said its Lunit Insight CXR is designed to help increase accuracy for detecting more findings and alleviate the burden on radiologists who conduct routine chest X-ray procedures. Lunit Insight CXR […]
Sanofi, Aetion collaborate to advance regulatory submissions
Sanofi (NYSE:SNY) announced today that it entered into a collaboration with Aetion to integrate its Darwin data platform with the Aetion Evidence platform to try and advance the efficiency of real-world evidence. The collaboration between the two companies will set out to facilitate regulatory-grade studies with deep transparency while opening access to new real-world data, according […]
Propeller Health offers access to CVS, other pharmacies with Propeller app
Propeller Health announced today that users of its Propeller app are now able to access pharmacy services from CVS, Walmart, Kroger and Rite-Aid directly through that app. The Madison, Wis.–based company launched the app in January 2019, giving Walgreens patients the option to manage their asthma or chronic obstructive pulmonary disease medication regimen within the […]