Welcome to the MassDevice Fast Five medtech news podcast, the show that keeps you up-to-date on the latest breakthroughs in medical technology. Here’s what you need to know for today, May 5, 2023.
Cognixion has been granted a breakthrough device designation by the FDA for its BCI technology – a fast-growing market with few competitors. Fast Five hosts Danielle Kirsh and Sean Whooley discuss how Cognixion’s technology could enable those with severe motor impairments to communicate and interact more effectively and independently.
ZimVie’s stock continues to soar despite the company announcing a 5% workforce layoff. The move comes after the company reported positive Q1 results, showing strong growth in revenue and net income. Whooley gives listeners the details to know about the layoffs and some of ZimVie’s financial figures during Q1.
The recent approval of Medtronic’s Guardian 4 CGM sensor in Canada is a significant milestone for Medtronic, as it allows the company to expand its offerings in the Canadian market and provide patients with a more comprehensive diabetes management solution. The Fast Five hosts discuss what the technology does and some of the other regulatory milestones Medtronic’s diabetes segment has had in the last few weeks.
Formus Labs is developing technology that has the potential to improve surgical outcomes, reduce complications, and shorten recovery times. The FDA recently cleared the company’s Formus Hip automated radiological image processing software for hip replacement pre-op planning. Whooley and Kirsh have all the details about the software and how optimistic executives at the company are feeling.
Stryker has found itself at the center of another bribery investigation. The investigation is still ongoing, and the company has not yet released a statement on the matter, but the Fast Five hosts share details from an SEC filing and discuss what the company is doing to prepare for the investigation.
Bonus: As discussed on the podcast, read Whooley’s story about how medtech SPAC mergers are going. It’s a rundown of some of the biggest SPAC deals in medtech and how they’ve fared.
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