MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

Home » iRobot invests $6M into telemedicine company | Funding Roundup

iRobot invests $6M into telemedicine company | Funding Roundup

By

iRobot
InTouch Health

iRobot Corp. (NSDQ: IRBT), famous for their Roomba automated cleaning robots, invested $6 million and launched an extended partnership with InTouch Health, which develops telemedicine systems for providing remote health care.

The venture builds on an existing relationship that the companies announced last summer, under which the companies engaged in a development and licensing agreement.

The companies launched the partnership to explore opportunities for health care applications on iRobot platforms, which are best known for advanced concepts in navigation, mobility, manipulation and artificial intelligence in robots that clean pools, gutters and carpets. iRobot also develops military robots, like the battle-tested bomb-disarming Packbot.

InTouch develops instruments to help physicians perform real-time remote consults with patients through FDA-cleared telemedicine systems.

Under the expanded agreement, InTouch will provide iRobot with a foot in the door with hospitals, emergency care facilities, patient wards and operating and procedure rooms, according to a press release.

Funding

Here’s a roundup of other dealflow and investment news:

 Athersys lands $3.6M for stem cell treatment
Athersys Inc. (NSDQ:ATHX) announced today grant funding aggregating $3.6 million to further advance its MultiStem(R) product programs and cell therapy platform. Read more

 Joslin Diabetes wins $5M from Mass. Life Sciences
Joslin Diabetes Center received a $5 million grant from the Massachusetts Life Sciences Center, one of the highest amounts ever received to support diabetes research in Massachusetts. Read more

 Dana-Farber touts $10M grant for cancer imaging
The Dana-Farber Cancer Institute won $10 million in grant funding from the Massachusetts Life Sciences Center to support cancer imaging research. Read more

 Mevion closes $45M round
Mevion Medical Systems closed a $45 Million investment, which will be used to accelerate the manufacturing and worldwide deployment of the MEVION S250. Read more

 ProUroCare renews its Central Bank promissory note
ProUroCare Medical Inc. renewed its $100,0025 promissory note with Central Bank for an additional 1-year term.  Read more

 EDAP TMS swaps debt and warrants for term notes
Edap TMS SA (NSDQ:EDAP) restructured its outstanding convertible debt through a privately negotiated exchange with its existing holders of senior debentures and warrants. Read more

 InterValve raises $4.7M of a $8M round
InterValve Inc. raised $4.7 million of a hoped-for $8 million equity funding round from 12 unnamed investors. Read more

 Synchro lands $250K investment
Synchro Medical Innovation closed a $250,00 funding round from one unnamed investor. Read more

 Checkpoint rakes in $3M in funding
Neurodevice firm Checkpoint Surgical completed a$1.7 million Series B investment round led by the NDI Healthcare Fund in December 2011, and secured non-dilutive funding of over $1.3 million, including a $1.065 million Innovation Ohio loan and a $245,000 federal grant. Read more

 nContact Surgical raises $400k
nContact Surgical Inc. closed a debt funding round of more than $400,000 from t a single unnamed investor. Read more

 S.E.A. Medical closes $3M Series B round
S.E.A. Medical Systems Inc. closed a $3 million Series B investment with Chicago-based venture capital firm JK&B Capital, the proceeds of which will allow S.E.A. Medical to accelerate development of its IV products and expand its technology into additional medical applications. Read more

 Spectrascience lands $570k
Spectrascience Inc. raised $570,000 through subscriptions for unsecured convertible debentures. Read more

 CartiHeal wins $5 million for cell-free cartilage regeneration
CartiHeal Ltd raised $5 million in venture funding from two US-Israeli venture capital firms, Accelmed and Access Medical Ventures. The financing will be used to prepare its first product launch early 2013 in Europe. Read more

In case you missed it

RSS From Medical Design & Outsourcing

  • Intertek gains FDA nod for premarket device testing
    Intertek has won accreditation under an FDA pilot program for testing laboratories, the company said this week. The accreditation authorizes Intertek’s 12 “medical centers of excellence” to perform premarket testing of devices for the U.S. market. The Accreditation Scheme for Conformity Assessment pilot program is a voluntary program developed to provide increased confidence in testing… […]
  • HHS shoots down ‘flawed’ plan to let some devices skip review
    The Biden administration has nixed a ‘flawed’ Trump-era decision to exempt certain medical devices — including infusion pump controllers and fetal monitors — from regulatory review. HHS published the original notice in the Federal Register on Jan. 15, shortly before President Joe Biden was set to take office, without speaking with the FDA before doing… […]
  • More than 50 medtech testing sites win FDA pilot accreditation
    The FDA announced today that more than 50 laboratory sites were chosen to participate in its program for streamlined regulatory reviews. In total, 53 sites made the FDA’s initial list for participation in its Accreditation Scheme for Conformity Assessment (ASCA) program, which will set out to support more streamlined regulatory reviews of medical device market… […]
  • Medline Industries up for sale?
    Medline Industries is looking for a buyer in a deal that could be worth $30 billion, according to a report in the Wall Street Journal. The Journal cites “people familiar with the matter” saying that Northfield, Ill.-based Medline has hired Goldman Sachs to manage the process. The people added that the company might alternatively seek… […]
  • Micro to add plant in Costa Rica
    Contract manufacturer Micro today announced plans to open a new plant in Costa Rica. The 32,000 ft² facility will significantly increase Micro’s cleanroom assembly capacity, according to the Somerset, N.J.-based company. It will be located in the Zona Franca Metro business park and is expected to open in late 2021 with operations beginning in 2022.… […]
  • Survey shows solid medical device industry performance despite pandemic
    By Stewart Eisenhart, Emergo Group Medical device and IVD manufacturers report healthy performance over the course of 2020, but also faced significant operational and regulatory challenges related to the coronavirus pandemic. Get the full story here at the Emergo Group’s blog. The opinions expressed in this blog post are the author’s only and do not… […]
  • Cardinal Health wins $58M federal PPE contract
    Cardinal Health (NYSE: CAH) today said it has won a $57.8 million contract from the U.S. Dept. of Health and Human Services to support the Strategic National Stockpile. The Dublin, Ohio-based company received the contract, which includes options that if exercised by the HHS could reach $91.6 million, to store and distribute 80,000 pallets of… […]
  • Qosina adds single-use bioprocessing devices
    Qosina this week launched its product line for the single-use bioprocess industry. The new product line includes tube-to-tube bard connectors, luer fittings, check valves, tubing pinch clamps, tubing, steam thru connectors and more. Get the full story on our sister site, Medical Tubing + Extrusion. The post Qosina adds single-use bioprocessing devices appeared first on […]
  • Could BrainCheck’s simple test help COVID long-haulers?
    BrainCheck‘s eponymous mobile neurocognitive test can detect dementia and concussion. But it has a new application: post-COVID brain fog. Developed by neurologists at Baylor College of Medicine’s Eagleman Laboratory for Perception and Action, BrainCheck carries an FDA Class II Software as a Medical Device (SaMD) designation and can be used on a tablet or laptop… […]
  • XL Precision Technologies holding an April 28 webinar about laser tech
    XL Precision Technologies is holding an online webinar on April 28 at 8 a.m. Eastern time (1 p.m. U.K. time) about laser technology in medical device manufacturing. Register for the webinar here: https://bit.ly/XL-MER-Webinar2 Stockton-on-Tees, U.K.–based XL Precision Technologies provides laser welding, laser cutting of fine tubes and flat material and laser etching of components. It’s… […]
  • Medical device companies put $3.6 billion in docs’ pockets, study finds
    Medtech companies paid $3.62 billion for access to physicians — 10% more than drug companies did — from 2014 to 2017, according to new research. Device company payments to surgical specialists were significantly more tied to the surgeons’ Medicare billing than payments from drug companies to specialists, according to the study, which appears in the… […]

Leave a Reply