Tandem Diabetes Care (NSDQ:TNDM) said today that it has purchased Sugarmate — as mobile app that helps people better manage their diabetes. Financial terms of the deal were not disclosed. Nearly 30,000 people relying on insulin pumps or multiple daily injections presently use the Sugarmate app. Get the full story on our sister site Drug Delivery […]
Digital Health
BrightInsight raises $40m Series B
Biopharma and medtech digital health platform provider BrightInsight announced today that it raised $40 million in a Series B financing round. Insight Partners led the funding, while Series A investors New Leaf Venture Partners and Eclipse Ventures also participated. According to a news release, BrightInsight plans to use the funds raised to significantly scale up team […]
Pandemic forces Proteus into bankruptcy
Proteus Digital Health has filed for Chapter 11 bankruptcy protection, noting that its efforts to raise money or sell the company fell victim to the COVID-19 pandemic. The Redwood City, Calif.-based company missed a $100 million funding target in December. Once valued at $1.5 billion, Proteus previously raised $420 million from investors including Novartis Venture […]
Abbott, Medtronic go head-to-head at ADA conference
Major medtech companies vied for the biggest news splash at this year’s annual meeting of the American Diabetes Association, announcing promising results from studies of patients who used their latest diabetes technology. The virtual 80th Annual American Diabetes Association Virtual Scientific Sessions, which runs through Tuesday, so far has featured news out of Abbott (NYSE:ABT) and Medtronic (NYSE:MDT) and several smaller […]
Dexcom CEO sees a new market for continuous glucose monitors after COVID-19
Could in-hospital use of continuous glucose monitors become a new normal after the COVID-19 pandemic? Dexcom CEO Kevin Sayer thinks so. As the pandemic ramped up in March, FDA issued temporary guidance allowing increased remote monitoring of hospital patients in order to limit contact with hospital staff. The guidance included CGMs made by companies such […]
Former Eli Lilly researcher joins Bigfoot Biomedical as chief medical officer
Bigfoot Biomedical has brought on Dr. Jim Malone — a 21-year clinical research veteran at Eli Lilly & Co. — as its chief medical officer, the diabetes treatment tech company said today. Malone, an endocrinologist specializing in diabetes, also spent 12 years in clinical practice. Get the full story on our sister site Drug Delivery […]
Siemens, Geisinger ink 10-year deal
Siemens Healthineers (ETR: SHL) and Geisinger Health have signed a 10-year deal for Siemens to provide digital health innovations, diagnostic imaging equipment and on-site staff support. Siemens will also provide education and workflow resources to the staff of Danville, Pa.-based Geisinger Health. The contract marks an expansion of a previous relationship between the health system and Siemens. Get the […]
Harvard’s Wyss Institute wants to create a COVID-19 antibody test strip
The iQ Group Global announced today that it has inked a collaboration with Harvard’s Wyss Institute to develop a printable point-of-care SARS-CoV-2 antibody test with real-time results. Life Science Biosensor Diagnostics, the iQ Group’s development company, has been working on the Australian-invented Biosensor Platform, a printable organic thin-film transistor “strip” that has the potential to provide a variety […]
G-Tech Medical raises $6.7m
G-Tech Medical filed an SEC Form D to confirm the sale of nearly $6.7 million in equity, options, warrants and other rights to acquire securities. The Mountain View, Calif.-based developer of wearable technology for measuring gastrointestinal (GI) motility made its first sale in the new notice on May 22, with 14 investors already participating in […]
Acutus Medical, Biotronik ink deal
Acutus Medical and Biotronik have announced that they will collaborate on electrophysiology, mapping, ablation and accessory products across certain markets. The products involved in the collaboration center around the treatment of cardiac arrhythmias in markets that include Europe and Asia, according to a news release. The partnership centers on Acutus’ AcQMap system, which Acutus touts […]
Philips launches clinical trial accelerator
Royal Philips (NYSE:PHG) announced recently that it has launched the clinical trial accelerator on its Philips HealthSuite to improve trial efficiency. The Amsterdam-based company’s accelerator includes a new, tailored set of capabilities to enable life science organizations to integrate, analyze and store clinical and patient-reported data from multiple sources, according to a news release. Philips HealthSuite […]