Contact lenses that deliver medications directly to the eye over a period of days or weeks was the recent grand prize winner of Massachusetts Institute of Technology’s Sloan Healthcare Innovation Prize. The MIT Sloan Healthcare Innovation Prize competition had 8 finalists who pitched their healthcare innovations to judges from Optum and other local venture firms, […]
Imaging
Innovatus Imaging closes buyout of Bayer’s European imaging device service biz
Innovatus Imaging said yesterday it closed its acquisition of the European Bayer Multi Vendor Service business. Pittsburgh, Penn.-based Innovatus said that as part of the acquisition, the business will now operate under the moniker Innovatus Imaging Europe B.V. Read the whole story on our sister site, Medical Design & Outsourcing
Fujifilm levels mammography patent infringement, anti-trust claims against Hologic
Fujifilm Holdings (TSE:4901) last week accused mammography rival Hologic (NSDQ:HOLX) of patent infringement and unfair trade practices, alleging that Hologic aimed to unlawfully maintain its 80% share in the 3D mammography market. The Japanese tech firm claims in the suit that its Aspire Cristalle system, which sells for roughly half the average $452,000 price of Hologic’s competing […]
Analogic jumps after fiscal Q2 numbers blow past estimates
Analogic (NSDQ:ALOG) shares jumped today in pre-market trading after the imaging equipment maker posted fiscal second-quarter numbers that blew past the consensus forecast. Peabody, Mass.-based Analogic, which late last year announced plans to pursue the sale of the company, posted profits of $6.5 million, or 52¢ per share, on sales of $126.7 million for the three […]
7 medtech stories we missed this week: March 2, 2018
From InspireMD’s new distribution deals to Kelynium’s distribution deal with a mystery partner, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. InspireMD inks distribution deals in Greece, Caribbean InspireMD announced in a March 1 press release that it has signed exclusive distribution agreements with T-Vascular IKE Medical Supplies […]
Philips, Hologic ink mammography deal
Royal Philips (NYSE:PHG) and Hologic (NSDQ:HOLX) inked a deal to integrate Hologic’s mammography technologies into the Dutch healthcare giant’s imaging portfolio. The multi-year, non-exclusive deal, announced today, calls for Philips to offer “select products” from Marlborough, Mass.-based Hologic’s suite of breast health products, including its 3Dimensions breast tomosynthesis device, alongside Philips’ ultrasound, MRI and PET/CT breast […]
CardioFocus launches trial for next-gen HeartLight device
CardioFocus said today that it’s launching a clinical trial for the latest iteration of its HeartLight direct-visualization ablation device for treating atrial fibrillation. A company representative told MassDevice.com that the 60-patient study of the HeartLight X3, the next generation of the HeartLight Excalibur balloon that won CE Mark approval in the European Union last September. The first […]
ViewRay adds another $59m from Chinese backer Fosun
ViewRay (NSDQ:VRAY) said it added another $59.1 million it its coffers in an equity and warrants sale to Chinese investment firm Fosun International, following a $50 million offering last year. Fosun, which took out a 9.9% stake in ViewRay last October in a $50 million round, is slated to own 18.4% of the Cleveland-area linear accelerator […]
FDA clears Endomag’s Magseed marker for long-term and soft tissue implantation
Surgical guidance company Endomag said today that its Magseed magnetic marker won 510(k) clearance from the FDA, extending the product’s indication to include the marking of soft tissue and long-term implantation. The company’s Magseed device is the only wire-free lesion localization device on the market that can be implanted into any soft tissue with no […]
Canon Medical wins FDA nod for Vantage Galan 3T XGO MRI
Canon (NYSE:CAJ) Medical Systems said today it won FDA clearance for its Vantage Galan 3 tesla XGO edition magnetic resonance imaging system. The newly cleared system features the Saturn X gradient and a 30% improved signal-to-noise ratio, the the company claims, improving the resolution of brain diffusion weighted imaging. Canon said the system also features improved cardiac […]
Source-Ray wins $100m Pentagon contract
Radiology device maker Source-Ray won a $100 million contract with the US Department of Defense for the delivery of radiology systems and accessories, according to a DoD release. The deal is a five-year base firm-fixed-price, indefinite-delivery and indefinite-quantity contract with a single five-year option period, and was a competitive acquisition with a total of 27 […]