Inspire Medical Systems (NYSE:INSP) announced today that Marilyn Carlson Nelson retired as chair of the company’s board of directors. The Minneapolis-based sleep apnea treatment developer appointed current CEO Timothy Herbert to the additional role of board chair. Herbert’s appointment goes into effect after the company’s annual meeting of stockholders on May 2, 2024. Nelson became […]
Implants
BCI developer Synchron buys stake in thin film maker Acquandas
Synchron, a developer of brain-computer interface (BCI) technology, today announced the acquisition of an equity stake in Acquandas. Acquandas, a German-based company, specializes in high-precision components for healthcare and other industries. The company bases its metallic components on state-of-the-art microsystem technology processes. It fabricates thin film components for applications in medical devices, including micro-patterned nitinol […]
Augmedics CEO is taking over corner office at CVRx
CVRx (Nasdaq:CVRX) announced today that it appointed Kevin Hykes as its new president and CEO, effective Feb. 12. Hykes already has familiarity with the Minneapolis-based neurostimulation technology developer, having joined its board in December 2022. He will continue to serve on the board, with CEO Nadim Yared set to retire from the company and resign […]
Neuralink completes first-in-human brain-computer interface implant
Elon Musk announced that his Neuralink brain-computer interface (BCI) venture completed its first-in-human implant this week. The entrepreneur posted on X (formerly Twitter) to confirm the implant, which took place on Jan. 28. “The first human received an implant from Neuralink yesterday and is recovering well,” Musk posted. “Initial results show promising neuron spike detection.” […]
Biotronik announces 100,000th implant of ICDs with AFib monitoring
Biotronik announced today that it hit 100,000 implanted single-lead implantable cardioverter defibrillators (ICDs) with DX Technology. DX Technology enables direct atrial sensing for AFib detection and monitoring. Since its introduction in 2009, clinicians in more than 80 countries around the world have used DX ICDs. The technology offers reliable, timely information about atrial arrhythmias and […]
CVRx stock dips despite Street-beating Q4
CVRx (Nasdaq:CVRX) shares took a hit today despite fourth-quarter results that beat the consensus forecast. Shares of CVRx fell 5.2% at $27.69 apiece in mid-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.2%. The Minneapolis-based neuromodulation technology developer posted losses of $9.2 million. […]
Report: Musk’s Neuralink fined over hazardous materials transport
Neuralink, the Elon Musk-backed brain-computer interface (BCI) maker, was reportedly fined for violating rules related to the movement of hazardous materials. Reuters reports that the company received the penalty for violating U.S. Department of Transportation (DOT) rules. The outlet says DOT investigators found the company failed to register itself as a transporter of hazardous material. […]
Longtime Inspire Medical board member Dr. Jerry Griffin to retire
Inspire Medical Systems (NYSE:INSP) announced today that Dr. Jerry C. Griffin intends to retire from its board of directors. Griffin plans to retire at the conclusion of the company’s annual meeting of stockholders on May 2, 2024. The longtime director joined the Inspire board in 2008 as one of the original board members. He joined […]
CroíValve wins FDA IDE for tricuspid heart valve
CroíValve announced today that it began an early feasibility study for its Duo tricuspid coaptation valve system. The beginning of the study follows FDA investigational device (IDE) approval. Tandem II, a prospective, multi-center, non-randomized, single-arm study looks at the safety and performance of Duo in patients with severe or greater symptomatic tricuspid regurgitation (TR). Duo […]
Abbott wins FDA nod for world’s smallest rechargeable DBS system with remote programming
Abbott announced today that it received approval from the FDA for the launch of its Liberta RC DBS system. Liberta RC DBS (rechargeable deep brain stimulation) features remote programming for treating people with movement disorders. Abbott says it requires the fewest recharges of any FDA-approved DBS system, needing just 10 recharge sessions a year for […]
Motif Neurotech raises $18.75M Series A for miniature brain pacemaker
Motif Neurotech announced today that it brought in a Series A financing round worth proceeds of $18.75 million. Arboretum Ventures led the financing with new investors KdT Ventures, Satori Neuro, Dolby Family Ventures and re.Mind Capital participating. Existing investors Divergent Capital, TMC Innovation, PsyMed Ventures, Empath Ventures and Capital Factory contributed as well. The company […]