As the United States prepares to honor its war dead on Memorial Day, medtech researchers are working to help survivors wounded in battle, both in body and mind. Whether the research comes out of government, industry or academia, there’s also a desire to help veterans facing other health challenges. The work is evolving. 3D printing […]
Stryker wins FDA PMA for Neuroform Atlas brain aneurysm stent system
Stryker (NYSE:SYK) said today that it won FDA premarket approval for its Neuroform Atlas stent system intended for use in treating wide-neck, intracranial aneurysms in conjunction with embolic detachable coils. The Neuroform Atlas stent system previously won approval from the FDA under a humanitarian device exemption which restricted its use to specific hospitals with institutional […]
MagStim wins FDA nod, launches StimGuide TMS navigation system
Transcranial magnetic stimulation tech dev MagStim said yesterday that it won FDA 510(k) clearance for and launched its StimGuide TMS navigation system, touting it as the first device of its kind. The Eden Prairie, Minn.-based company said that the device is intended for use with its Horizon Performance TMS therapy system. The newly launched device […]
Abbott inks neuroscience research deal with NIH
Abbott (NYSE:ABT) said today that it inked a partnership deal with the National Institutes of Health to support the Brain Research through Advancing Innovative Neurotechnologies, or BRAIN initiative. The NIH’s BRAIN initiative aims to accelerate neuroscience research and advancements, Chicago-area based Abbott said. Through the partnership, Abbott will provide its neuromodulation tech, including directional deep brain […]
Omron joins $35m Theranica Series B
Theranica said today that Omron‘s (TYO:6645) venture arm joined a $35 million Series B financing round to support its remote neuromodulation technology. Israel-based Theranica is developing the Nerivio Migra neurostimulation patch intended to treat migraine headache, which is currently under FDA review. Funding in the round, which was initially announced in March, was led by […]
Musk-led Neuralink raises $39m
Elon Musk-led brain implant developer Neuralink has raised $39.3 million in a new round of equity financing, according to a recently posted SEC filing. Neuralink aims to create “neural lace” technology, which uses tiny connected brain implants to use intractable brain disease and improve cognitive performance. The company is still in its early phases and […]
HRS 2019: Parasym ear stim device shows promise in AFib
Noninvasive neurostimulation of the ear shows promise when it comes to treating atrial fibrillation, according to clinical study results presented today at the Heart Rhythm Society’s annual scientific sessions, held in San Francisco. University of Oklahoma researchers over a six-month period studied the effects of London-based Parasym‘s noninvasive neurostimulation device on roughly 50 paroxysmal AFib […]
Neural Analytics raises $22m to support Lucid robotic brain ultrasound system
Neural Analytics said today that it has raised approximately $22 million in a Series C round of financing to support its Lucid robot-assisted brain ultrasound device. The round was led by Alpha Edison and included the issuance of warrants to purchase stock in connection to the financing, the Los Angeles-based company said. With the additional […]
Penumbra tops estimates with Q1 results, guides to high end of sales forecast
Penumbra (NYSE:PEN) yesterday posted first-quarter results that topped the consensus forecast on Wall Street and guided toward the high end of its full-year sales outlook. The Alameda, Calif.-based neurovascular device maker reported profits of $10.7 million, or 30¢ per share, on sales of $128.4 million for the three months ended March 31, growing the bottom […]
Abbott, DoD & brain injury group to begin testing of concussion blood test
Abbott (NYSE:ABT) yesterday announced that through its partnership with the U.S. Department of Defense and the TRACK-TBI network, it is ready to begin clinical trials of a point-of-care blood test technology to help quickly assess brain injuries. The Chicago-area medical device maker and the DoD began their partnership on the testing technology in 2014. Abbott said […]
Imperative Care wins FDA nod for Zoom brain thrombectomy system
Imperative Care said today that it won FDA 510(k) for its Zoom aspiration system intended for removing clots during ischemic stroke. The Zoom aspiration system includes its Zoom reperfusion catheters, aspiration pump, canister and aspiration tubing, the Campbell, Calif.-based company said. The system is designed for use in revascularizing patients with acute ischemic stroke secondary […]
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