Advanced Inhalation Therapies yesterday registered for an initial public offering worth up to $36 million for its drug delivery device, which is designed to treat severe respiratory infections and lung diseases using a high dose of nitric oxide. The Rehovot, Israel-based company, founded in 2011, plans to list on the NASDAQ exchange under the “AITP” symbol. Aegis Capital […]
Respiratory
Uptake Medical wins expanded CE Mark for InterVapor
Uptake Medical said today it won CE Mark approval in the European Union for its InterVapor ablation device, now indicated to treat patients who suffer from severe emphysema. The InterVapor device uses heated water vapor to reduce bronchoscopic lung volume in patients with heterogenous upper lobe emphysema, the Tustin, Calif.-based company said. “The traditional treatment […]
ResMed buys China’s Curative Medical, gains on Q4 beat
ResMed (NYSE:RMD) yesterday said it paid an unspecified amount to acquire Chinese respiratory device maker Curative Medical and reported fiscal 4th-quarter results that beat Wall Street’s expectations. San Diego-based ResMed said Curative will operate under its own banner under founder & CEO Jason Sun. Curative’s vascular business was not a part of the deal, which is […]
Bloomberg: Reimbursement woes dog Boston Scientific’s Alair
Boston Scientific (NYSE:BSX) has struggled to get U.S. insurers on board with its Alair bronchial thermoplasty treatment system for asthma patients, according to a new report from Bloomberg Business published last Friday. Concerns over the risk of complications, the availability of inexpensive asthma drugs and the potential for the disease to clear up on its own […]
FDA: Medtronic’s Shiley trach tube recall is Class I
The FDA classified Medtronic‘s (NYSE:MDT) recall of certain lots of its Shiley neonatal and pediatric tracheostomy tubes as Class I, the most serious type of recall issued by the federal watchdog. A Class I label from the FDA indicates that “there is a reasonable probability that use of these products will cause serious adverse health consequences or death.” […]
Philips touts managed care data for COPD treatment
Royal Philips (NYSE:PHG) said today new research reports that non-invasive ventilation is a key part of a multi-faceted interventional approach to reduce readmission rates among chronic obstructive pulmonary disease patients. The study, supported by Philips and published in the Journal of Clinical Sleep Medicine, examined COPD patients hospitalized 2+ times a year who transitioned to […]
Medtronic launches lung biopsy device
Medtronic (NYSE:MDT) said today it launched the GenCut core lung biopsy system designed for use with its superDimension navigation system. The system allows for surgeons to collect multiple core samples from difficult-to-reach areas in the lung, which can decrease procedure times, the Fridley, Minn.-based company said. GenCut’s new blade design also allows for larger, more intact […]
Pulmonx touts sham trial data
Pulmonx said earlier this month that a sham-controlled trial of its Zephyr endobronchial valve met and exceeded its primary endpoints, reporting a 20.9% average improvement in lung function. The Believer-Hifi study, published in The Lancet, is the 1st successful sham-controlled trial of any invasive emphysema device, Redwood City, Calif.-based Pulmonx said. “We have been able […]
Circadiance buys Philips’ infant sleep apnea lines
Circadiance said yesterday it acquired Royal Philips‘ (NYSE:PHG) infant respiratory SmartMonitor and NeoPap product lines. The companies did not disclose the details of the transaction, but Circadiance said they anticipate the deal to close by the end of the week. The purchase will allow the company to expand its presence into the global pediatric […]
ResMed picks up home medical re-supplier CareTouch
ResMed (NYSE:RMD) said today that it acquired home medical re-supplier CareTouch for an undisclosed amount. San Diego-based ResMed said it plans to re-brand CareTouch as ResMed ReSupply, but retain CEO Matthew Dolph and other CareTouch employees as part of its Americas commercial team. Westminster, Colo.-based CareTouch’s Internet-based 360 Portal is designed to help home medical equipment providers manage […]
Teleflex recalls Hudson RCI manual resuscitator
Teleflex (NYSE:TFX) is recalling its Hudson RCI Lifesaver single patient use manual resuscitator, according to an FDA posting. The Wayne, Penn.-based company began notifying customers of the issue on May 14. The FDA has labeled the recall as a Class I, the most serious type of recall issued by the federal watchdog, which indicates “there is a reasonable […]