Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
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5. Iridex prices $16m offering
Iridex today priced a planned $16 million offering with funds slated to support possible licensing or acquisition of intellectual property or acquisitions of businesses.
The Mountain View, Calif.-based company said it plans to offer 1.15 million shares at $14 per share, expecting to bring in approximately $16.1 million before expenses. The round includes a 30-day underwriter’s option for the purchase of up to an additional 172,500 shares. Read more
4. Seno Medical touts Imagio analsyses data, looks to 2017 for PMA bid
Seno Medical Instruments today released data from 2 new analyses of a post-market study of its Imagio opto-acoustic technology designed to aid in the diagnosis of breast cancer, hoping to submit a Premarket Approval application to the FDA early next year.
The Imagio system combines traditional ultrasound with light-based imaging, providing physicians with a closer look at “suspicious” breast masses without subjecting patients to radiation, injectable contrast agents or invasive biopsies. Read more
3. What’s next for Medtech in the EU, post-Brexit?
After Britain’s vote to withdraw from the European Union, medical device companies have been facing an uncertain future in the region.
Many of the changes will depend on just what extent the UK disconnects from the EU, according to a Nobles interview with MedEuronet co-founder Kristine Morrill. Read more
2. Four major medical associations collab to form Xcertia mobile health app guidance group
Four major medical associations said today they will group to form Xcertia, a multi-stakeholder collaboration focused on improving mobile health applications.
The American Medical Association, American Heart Association, DHX Group and Healthcare Information and Management Systems Society will join together to create the non-profit corporation, which looks to establish and promote best practices for mobile health applications. Read more
1. Philips to offload 80% stake in Lumileds for $1.5B
Royal Philips said today it inked an agreement to sell an 80.1% interest in its Lumileds lighting business to funds managed by Apollo Global Management affiliates, bringing in approximately $1.5 billion for the company.
Philips said it will retain a 19.9% interest in the company, which produces LED components, and hopes that the sale will be completed in the 1st half of 2017. Read more