410 Medical filed an SEC Form D earlier this week to disclose the sale of nearly $8 million in equity. The Durham, N.C.-based company issued the first sale of its $8 million offering on Oct. 21 and, as of this week, sold $7.6 million of the available equity, leaving $400,000 remaining to be sold. 410 […]
Hillrom tops estimates with fiscal Q4, 2019 numbers
Hillrom (NYSE:HRC) today posted fiscal fourth-quarter and full-year numbers that beat the consensus forecast all around. The Chicago-based medical products giant reported profits of $27.9 million, or 41¢ per share, on sales of $782.8 million for the three months ended Sept. 30, for a -69.1% bottom-line slide on sales growth of 3.1%. Adjusted to exclude […]
Philips inks 10-year imaging deal with German hospital
Royal Philips (NYSE:PHG) said today that it signed a 10-year partnership agreement with Klinikum Stuttgart hospital in Germany to cover replacement and procurement of state-of-the-art medical technology. The agreement includes technology such as diagnostic imaging and informatics solutions with a goal of implementing innovations that improve quality, cost-effectiveness and experiences for both patients and staff in […]
Surgical staplers top ECRI’s list of top medtech hazards
ECRI Institute said today that surgical stapler misuse is the top health technology hazard, beating out the likes of point-of-care ultrasounds and sterile processing errors. The ECRI Institute said it intends to help surgical stapler users avoid many of the common errors that can lead to patient harm by publishing the 13th edition of its Top […]
Access Vascular raises $6m for HydroPICC device
Access Vascular said today that it raised $6 million from new and existing investors for the HyrdoPICC device it developed, earmarking the proceeds for the launch of. HydroPICC, a peripherally inserted central catheter, is made of a proprietary material that’s designed to inhibit the formation of blood clots. It won 510(k) clearance from the FDA […]
MedTech Innovator announces five finalists in competition
MedTech Innovator last week announced the five finalists for its $500,000 competition. The organization will award more than $500,000 in prizes to the finalists with first place taking $350,000 and the four remaining finalists taking $25,000. Five finalists will have seven minutes to pitch their technologies to a panel of four judges. The audience will […]
Siemens Healthineers wins FDA nod for Artis Icono angiography line
Siemens Healthineers said yesterday that it won FDA clearance for its Artis Icono angiography systems for performing a wide range of minimally invasive procedures in a single interventional suite. The Artis Icono platform includes a biplane system engineered for neuroradiology and abdominal imaging, and a floor-mounted, single-plane system for vascular, interventional cardiology, surgical and oncology […]
Eitan Group inks Canadian distribution deal for Sapphire infusion pumps
Eitan Group today announced it signed a distribution agreement with Canadian Hospital Specialities to distribute its Sapphire infusion pumps in Canada. Through the agreement, Canadian Hospital Specialties will supply and support Israel-based Eitan Group’s Sapphire infusion pumps to hospitals and alternate site customers in Canada. Get the full story on our sister site, Drug Delivery Business.
Masimo wins expanded clearance for O3 oximetry device
Masimo (NSDQ:MASI) said today that its O3 regional oximetry device has been cleared for three additional indices — delta cHb, delta HHb, and delta O2Hb. These indices provide clinicians with greater visibility into changes in the underlying oxyhemoglobin and deoxyhemoglobin components used to calculate cerebral oxygen saturation, or rSO2, the Irvine, Calif.-based company said. The […]
BD drug-dispensing cabinets vulnerable to cyberattack
The U.S. Department of Homeland Security said yesterday that certain Becton Dickinson Pyxis medication-dispensing cabinets are vulnerable to unauthorized users within a local hospital network. The Franklin Lakes, N.J.-based company said it reported the vulnerability to federal officials. The weakness would have allowed someone with the expired credentials to access patient data and medications. The […]
New AMA codes to cover e-visits and home health monitoring
The American Medical Association (AMA) has released the 2020 Current Procedural Terminology (CPT) code set, which contains identifiers and descriptors assigned to each medical, surgical and diagnostic service available to patients. Healthcare providers, insurers and researchers use CPT codes for reporting, measurement, analysis, and benchmarking of medical services and procedures nationwide. The 2020 code set […]
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