QT Medical announced that it raised $12 million in a Series B financing to support its cardiac care technology. Los Angeles-based QT plans for the funding to accelerate its market penetration, global expansion, product development and long-term planning. The company develops cardiac devices for patients with heart disease. Its flagship Personal Cardiac Assistant (PCA 500), […]
Digital Health
iRhythm launches next-gen Zio monitor, enhanced long-term monitoring service
iRhythm Technologies announced today that it launched its next-generation Zio monitor in the U.S. In the launch, San Francisco-based iRhythm also included an enhanced Zio long-term continuous monitoring (LTCM) service. Zio, the company’s smallest, lightest and thinnest cardiac monitor, aims to enhance the cardiac monitoring experience for patients. The company said its new service enhancements […]
Dexcom, RxFood partner on AI-based nutrition, glucose monitoring for diabetes management
Dexcom (Nasdaq:DXCM) announced that it teamed up with RxFood on a digital diabetes solution for people in Canada. The first-of-its-kind partnership combines Dexcom’s continuous glucose monitoring (CGM) with RxFood’s AI-driven personalized nutrition assessments. The companies aim to introduce an improved digital health solution for people living with diabetes. It integrates food data with insulin dosing, […]
Akili launches its over-the-counter digital ADHD treatment for Android devices
Akili (Nasdaq:AKLI) today announced the over-the-counter (OTC) availability of its EndeavorOTC digital ADHD treatment. Boston-based Akili last week announced a shift toward a non-prescription business model with its OTC offerings. In doing so, the company enacted a workforce reduction of approximately 40%. It included the elimination of the company’s field sales force and market access […]
Boston Scientific targets M&A, AI to reach ‘next level’
Mike Mahoney uses fantasy football to describe Boston Scientific : He says that, if creating a medtech team, “it would be the draft you want.” Speaking at the company’s 2023 Investor Day event, the CEO set the theme as “next level.” He explained his aim to make Boston Scientific a “compelling” and “fantastic place to […]
Abbott, WeightWatchers unveil connected diabetes app
Abbott and WeightWatchers today announced the availability of a connected app for people living with diabetes. In August 2022, the companies announced a collaboration to integrate continuous glucose monitoring (CGM) with the WW diabetes-tailored plan. The integrated offering provides a mobile experience with information and insights needed for those with diabetes. It helps to make healthy […]
Gates Foundation backs GE HealthCare AI-based ultrasound
GE HealthCare today announced that it received a $44 million grant from the Bill & Melinda Gates Foundation. The foundation issued the grant for GE HealthCare to create user-friendly, AI-assisted ultrasound imaging auto-assessment tools. These tools could aid healthcare professionals with clinical decision information to support more effective ultrasound scans. Such scans include obstetric and […]
Beacon Biosignals wins FDA nod for wearable sleep monitor
Beacon Biosignals announced today that it received FDA 510(k) clearance for its Dreem 3S wearable electroencephalogram (EEG) headband. The Boston-based company developed Dreem 3S with integrated machine-learning algorithms. The advanced wearable headband captures EEG data from the brain to monitor sleep architecture and aid in diagnosing disturbed sleep. Beacon Biosignals says its easy-to-use device makes […]
FDA clears 14-day ECG patch, cloud platform from SmartCardia
SmartCardia announced today that it received FDA clearance for its seven-lead, real-time ECG monitoring patch and cloud platform. The regulatory nod marks the second this week for wearable ECG technology. Samsung spinoff Wellysis picked up FDA clearance for its own ECG patch on Sept. 13. Lausanne, Switzerland-based SmartCardia designed its easy-to-wear, cable-free, waterproof patch for […]
Samsung spinoff Wellysis wins FDA nod for wearable ECG
Competition in the wearable ECG space continues to heat up, with Samsung spinoff Wellysis as the latest U.S. market entrant. Seoul, South Korea–based Wellysis announced today that it has secured FDA clearance for its S-Patch Ex. The device already has a CE Mark, with Wellysis marketing the S-Patch Ex in 14 countries. Its markets include […]
Akili reduces workforce again in move toward non-prescription models for ADHD treatment
Akili (Nasdaq:AKLI) today announced plans for a strategic shift, including a transition from a prescription to a non-prescription business model. That shift includes a workforce reduction of approximately 40%. It includes the elimination of the company’s field sales force and market access team. That accounts for approximately two-thirds of the reduction. Akili plans to invest […]
