These 10 medical device companies spent the largest portion of their budgets on research and development. Here’s a look at what they produced. Each year, Medical Design & Outsourcing compiles a list of the top 100 medical device companies across the globe and ranks the companies based on annual revenue for the most recent fiscal […]
Cardiawave raises $8.2 million for non-invasive aortic stenosis device
Parisian startup Cardiawave has raised more than $8 million to boost development of its ultrasound device to treat calcific aortic stenosis. Nearly $3 million came from the European program Instrument PME, which finances disruptive European technologies developed by potentially high-growth companies. Family-controlled investment groups and the company’s traditional shareholders — Sofimac Innovation, Business Angels des Grandes […]
NucleusHealth wins investment from large Ohio health system
Cloud-based medical image exchange company NucleusHealth has landed an undisclosed “strategic investment” from Mercy Health, an Ohio–based health care system that is now a minority investor in the San Diego, Calif.-based company. NucleusHealth will use the money to help deliver Nucleus.io, the first cloud-based Picture Archiving Communications System (PACS) platform designed to use the security, scalability and cost efficiencies of […]
Heidelberg Engineering wins FDA nod for upgraded eye imaging technology
The FDA has approved Heidelberg Engineering’s optical coherence tomography angiography module (OCTA), the company said today. The module is available for new and existing Spectralis upgradeable diagnostic imaging devices used to manage diabetic retinopathy, age-related macular degeneration and other macular diseases. OCTA is a noninvasive imaging technique that provides three-dimensional visualization of perfused ocular vasculature. Structural OCT uses […]
10 exhibitors at DeviceTalks Boston you should know
DeviceTalks Boston is an annual event that allows some of the best minds in medtech to exchange ideas, insights and technologies. Medical Design & Outsourcing’s parent company WTWH Media holds DeviceTalks annually in Boston, Orange County, Calif., and the Twin Cities in Minnesota. It is hosted by MassDevice and attendees can plan to enjoy networking with people in […]
$3.8 million federal grant targets suicide research
Researchers using brain imaging to identify people with suicidal thoughts just landed a $3.8 million grant from the National Institute for Mental Health. Marcel Just of Carnegie Mellon University and David Brent of the University of Pittsburgh will use the money to advance their research analyzing the alterations in how brains represent certain concepts, such […]
How AI can diagnose a leading cause of blindness
The study that led the FDA to approve an AI system for diagnosing diabetic retinopathy came out today, revealing how one of the leading causes of blindness can be detected in a primary care physician’s office. Published in the journal Nature Digital Medicine, the pivotal study of IDx-DR on 900 adults with diabetes showed 87% sensitivity, 90% specificity, and a 96% […]
Olympus and FlexDex take aim at big, expensive robots
Olympus has signed an agreement with FlexDex Surgical to compete with full-blown robotics systems designed for minimally invasive procedures, the companies said today. Olympus agreed to distribute FlexDex’s (Brighton, Mich.) wrist-worn Needle Driver robotic device designed to simplify suturing in difficult-to-reach areas of the abdomen. Needle Driver has a three-axis gimbal that attaches to the surgeon’s wrist to control […]
Facebook, NYU partner on AI-powered MRI project
Facebook’s artificial intelligence lab is partnering with New York University’s medical school to try and try to improve magnetic resonance imaging systems, according to a CNN report. NYU’s medical school will provide the social media giant an anonymous dataset of 10,000 MRI exams to train a deep-learning algorithm to recognize anatomical arrangements in hopes that […]
Philips launches Epiq CVx cardiovsacular ultrasound system
Royal Philips (NYSE:PHG) said today it launched the Epiq CVx cardiovascular ultrasound system. The newly launched system is designed to increase diagnostic confidence and simplify workflows to increase patient interaction and reduce the need for repeat scans, the Amsterdam-based company said. “The Epiq CVx brings together advanced image quality, quantification and intelligence specifically for the cardiologist. […]
Intel, Philips tout speed gains in AI-powered healthcare algorithms
Intel (NSDQ:INTC) and Royal Philips (NYSE:PHG) said last week they are partnering to test Intel hardware’s ability to run deep learning artificial intelligence programs intended to improve the capabilities of Philips tech. The two companies joined to test the abilities of hardware using Intel Xeon processors and the OpenVINO toolkit for two AI-powered programs: one for […]
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