Shockwave Medical said today that it raised another $35 million for the Lithoplasty devices it’s commercializing to treat blocked arteries. Fremont, Calif.-based Shockwave said it plans to use the new funding, which was led by new backer Fidelity Management & Research, to commercialize its existing devices for treating coronary and peripheral vessels in the U.S. and Europe […]
Ultrasound
Edap submits new FDA 510(k) for Focal One HIFU
Edap (NSDQ:EDAP) said today it submitted a new FDA 510(k) application for its next-gen high-intensity focused ultrasound Focal One device designed to treat prostate cancer after withdrawing its previous application in July. The new application alllowed the France-based company to include a new set of clinical data, which it had decided to include following “advanced discussions” with […]
Bayer offloads Multi Vendor Service radiology service and repair biz
Bayer (ETR:BAYN) has reportedly sold its Multi Vendor Service medical device repair business to private investors who plan to merge it with 2 other firms to form a new company based in Pittsburgh, Penn., according to a Pennsylvania Post-Gazette report. Bayer’s MVS provides service and repairs for radiology devices, covering ultrasound probes, magnetic resonance imaging coils […]
Nanosonics jumps on GE Healthcare deal
Shares in Australia-based Nanosonics (ASX:NAN) rose nearly 15% today after the medtech firm announced that it extended its relationship with GE Healthcare (NYSE:GE). The two companies have been working together for over 10 years, developing methods to improve ultrasound sterilization systems. Nanosonics’ Trophon EPR ultrasound transducer disinfecting system won FDA clearance in 2011 and is sold […]
Alpinion prohibited from selling E-CUBE 12R research ultrasound in arbitration with Verasonics
Ultrasound device developer Verasonics said today that as part of a binding arbitration decision in a trade secret dispute, Alpinion Medical Systems has been prohibited from marketing or selling its E-Cube 12R ultrasound system for 5 years. The decision, which also came with a final award of more than $5.6 million, was confirmed last week by […]
Liposomes triggered by ultrasound enable targeted pain-relief
Researchers at Boston Children’s Hospital have developed a technology to non-invasively trigger the release of nerve-blocking agents, helping to provide targeted pain-relief to patients as an alternative to addictive opioids. The team’s work was published yesterday in Nature Biomedical Engineering. Get the full story at our sister site, Drug Delivery Business News.
Arbitrator nearly doubles award in Verasonics $3m trade secret win against Alpinion
Ultrasound developer Verasonics is set to receive approximately double it’s initial $2.9 million reward after arbitration in a trade secret case against Alpinion Medical Systems, according to court documents. In June, a final arbitration award was issued for approximately $2.6 million in attorney’s fees and other expenses as well as $110,059 in arbitration fees and […]
Oncura Partners shareholders sue Analogic over claimed fraudulent acquisition scheme
Former Oncura Partners owners are seeking more than $24 million in a suit against Analogic (NSDQ:ALOG), claiming it engaged in a fraudulent scheme to avoid paying for Oncura after agreeing to acquire it in January 2016. In the suit, filed July 31, Oncura owners claim that Analogic agreed to pay for their shares in the business […]
7 medtech stories we missed this week: August 4, 2017
From MDCorp inking a European distribution deal to Align Technology’s North Carolina expansion, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. MDCorp inks distribution deal with Smart Endoscope Systems MDCorp announced in a July 31 press release that it has signed a distribution agreement with Smart Endoscope […]
EDAP pulls FDA bid for Focal One, plans to resubmit with new data
Edap (NSDQ:EDAP) said today it withdrew the FDA 510(k) application for its next-gen high-intensity focused ultrasound Focal One device designed to treat prostate cancer. The French company said that following “advanced discussions” with the federal watchdog, it plans to submit a new 510(k) application which includes new clinical data. “As mentioned during our last quarterly call, a […]
6 surgical robots that will surprise you
Researchers around the globe have created surgical robots for solutions to procedures that are generally invasive and time-consuming. Whether its eye surgery or even finding a vein to draw blood, healthcare practitioners face daunting tasks, but robots have made these procedures easier (as easy as the DaVinci makes it look when peeling a grape and […]