Butterfly Network (NYSE:BFLY) announced today that it completed its merger with Longview Acquisition Corp. and is now trading on the NYSE. Last week, Longview announced that its stockholders had approved the business combination, from which Butterfly received approximately $859 million before transaction fees, including $414 million held in Longview’s trust account and $175 million from […]
Ultrasound
Butterfly Network to start trading on NYSE soon
Longview Acquisition Corp. announced today that its stockholders approved its merger with Butterfly Network, which will soon begin trading on the New York Stock Exchange. Stockholders approved the business combination with nearly 100% of the shares of Longview voted at a special meeting in favor of the merger, with a total of six proposals considered […]
Butterfly Network names new CEO before going public via merger
Butterfly Network announced today that it named Dr. Todd Fruchterman as its new president & CEO, effective Feb. 1. Fruchterman is set to take over for outgoing CEO Laurent Faracci, who stepped down this past weekend. Fruchterman assumes the role in advance of the closing of Butterfly Network’s announced merger with Longview Acquisition Corp., after […]
Philips, InSightec team up on ultrasound for neurosurgery
Royal Philips (NYSE:PHG) announced that it is collaborating with InSightec to expand access to MR-guided focused ultrasound. Amsterdam-based Philips plans to develop compatibility between its advanced MR system and InSightec’s Exablate Neuro platform to expand access to MR-guided focused ultrasound for incision-less neurosurgery in treating essential tremor and other neurological disorders, according to a news release. […]
Smiths Medical launches Portex EchoGlo peripheral nerve block portfolio
Smiths Medical announced today that it launched its EchoGlo peripheral nerve block portfolio as part of the Portex pain management platform. EchoGlo is a needle designed for echogenic brightness under ultrasound to enhance visualization and accuracy while delivering medication, helping to confidently place local anesthetic which could reduce post-operative dependency on opioids, according to a […]
SoniVie wins FDA breakthrough nod for renal denervation tech
SoniVie announced that it received FDA breakthrough device designation for its Tivus renal artery denervation technology. Tivus (therapeutic intra-vascular ultrasound system) is designed for treating resistant hypertension through renal artery denervation. The system previously received breakthrough designation for treating pulmonary arterial hypertension (PAH) in September 2019. Get the full story at our sister site, Medical Tubing & […]
Butterfly Network to go public via merger
Butterfly Network announced that it entered into a definitive business combination agreement and will go public with Longview Acquisition Corp. Upon the closing of the deal between Butterfly, a medical imaging technology developer, and Longview, a special purpose acquisition company, the combined company’s Class A common stock is expected to be traded on the New […]
The top 5 MassDevice stories of the week — October 16, 2020
For the second consecutive week, medtech giant Medtronic (NYSE:MDT) managed to dominate the news on MassDevice. The company’s “Investor Day” brought about several headlines, including new clinical trials ahead and a rallying cry from CEO Geoff Martha. Other news that garnered some attention came in the form of a new ultrasound system from another big player […]
FDA clears GE Healthcare AI-powered cardiovascular ultrasound system
GE Healthcare (NYSE:GE) announced that it received FDA 510(k) clearance for its Ultra Edition package on Vivid cardivascular ultrasound systems. The Ultra Edition package on Vivid cardiovascular ultrasound systems includes new features that are based on artificial intelligence (AI) designed to enable clinicians to acquire faster, more repeatable exams on a consistent basis, according to a […]
Medtronic to acquire Avenu Medical
Medtronic (NYSE:MDT) announced today that it plans to acquire endovascular arteriovenous (AV) fistulae creator Avenu Medical. Terms of the transaction were not disclosed by the medtech giant or the soon-to-be acquired San Juan Capistrano, Calif.-based company, which focuses on the endovascular creation of AV fistulae for patients with end-stage renal disease (ESRD) undergoing dialysis, according to […]
NanoVibronix device gains FDA nod for import to U.S.
NanoVibronix (NSDQ:NAOV) announced today that it received FDA enforcement discretion for the U.S. distribution of the UroShield device. According to a news release, the FDA exercised its enforcement discretion, giving Elmsford, N.Y.-based NanoVibronix’s UroShield an intended use code (IUC), clearing the way for the import of the system to the U.S. amid the COVID-19 pandemic. UroShield […]
