There’s a lot of excitement these days around digital health. But there are actually many medical device startups out there in other spaces that continue to push the overall boundaries of medtech. From neuromodulation to drug delivery, surgical robotics and more, here’s a roundup of 20 medical device startups catching the eye of Medical Design […]
Trump tariffs would take a $5B bite out of the medical device industry
The U.S. medical device industry could come out as a major loser if the Trump administration ends up fighting a trade war with China, according to experts following the situation. Out of the $50 billion in tariffs against imported Chinese goods that the U.S. Trade Representative is proposing, $5 billion involves medical device and technology […]
RxFunction raises $7.5 million for its wearable sensory prosthesis
Medical wearable startup RxFunction (Eden Prairie, Minn.) announced today that it has raised $7.5 million in Series A funding as it prepares for market launch of its Walkasins wearable sensory prosthesis. The round, which surpassed RxFunction’s initial $5 million funding goal, was led by Edina, Minn.–based Cedar Point Capital, a boutique investment banking firm. The […]
Oberg Industries buys X-L Engineering
Oberg Industries, a full-service contract manufacturer of precision machined and stamped components near Pittsburgh, said today that it has purchased Niles, Ill.– based X-L Engineering Corp. and its precision manufacturing business. Financial terms of the deal were not disclosed. Originally founded in 1943 as a grinding services business, X-L is based 14 miles northwest of Chicago, with […]
This new technique could make TAVR more available
A novel technique could prevent coronary artery obstruction — a rare but often fatal complication related to transcatheter aortic valve replacement (TAVR), according to the National Institutes of Health researchers who created it. The researchers at NIH’s National, Heart, Lung, and Blood Institute are calling the procedure Bioprosthetic Aortic Scallop Intentional Laceration to prevent Iatrogenic Coronary Artery obstruction (BASILICA). […]
ResMed is disrupting connected health: Here’s how
Here’s how a respiratory firm took control of the connected health and the medtech digital revolution. When you think powerful digital connected devices, the first thing to pop into your head probably isn’t a CPAP. Continuous positive airway pressure has been shown in numerous studies to be effective in improving sleep apnea and preventing a […]
7 digital health startups you need to watch in 2018
If you want to see where the big money is going in healthcare these days, digital health products are the place to look. Digital health startups raised $11.5 billion in 2017, up 27 percent over 2016, according to the StartUp Health Insights Year End Report. Digital health startups are doing everything from enhancing patient-provider relationships to […]
Protolabs to open new Twin Cities plant
Quick-turn manufacturer Protolabs (NYSE: PRLB) plans to have a new plant opened by the end of the year in the northern Minneapolis suburb of Brooklyn Park. Protolabs announced the purchase of the 152,000-square-foot facility on March 16. Financial terms of the deal were not disclosed, but county property records show the building was last sold […]
K2M leads the pack with 3D printing for spine, analysts say
K2M (Nasdaq: KTWO) continues to lead the 3D printed spine device market with its new 3D printed Mojave expandable cage and its Cascadia family of 3D printed implants, according to a new equity research report out of Barclays. Leesburg, Va.–based K2M presently has a 3D printed portfolio with 10 approved products making up about 12% […]
Medtech’s existential crisis and how it can survive
Executives in medtech and other life sciences companies view digital health startups and high tech giants as an existential threat. To compete, they’re going to have to invest in or acquire customer engagement and personalization skills usually associated with online retailers and social networking sites, according to a new report out today from EY. The […]
Former Starkey president found guilty in multimillion-dollar embezzlement case
A federal court jury in Minnesota today found Jerry Ruzicka, former president of hearing aid company Starkey Laboratories, guilty of eight of 25 counts involving more than $15 million worth of embezzlement, according to media reports. W. Jeff Taylor, who previously president of Starkey parts supplier Sonion U.S., was also found guilty. The jury acquitted two […]
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