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

7 medtech stories we missed this week: August 4, 2017

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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 […]

Invesco boosts share in Smith & Nephew | Wall Street Beat

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MassDevice.com Wall Street Beat

Invesco, a Atlanta-based investment management firm, bought up another clutch of Smith & Nephew (FTSE:SN, NYSE:SNN) shares, taking its total stake in the British medical device company to nearly 12%, according to regulatory filings.

First hybrid MRI/PET scanner cleared by FDA | Regulatory Roundup

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M and A Roundup

The FDA announced today that it cleared the Siemens AG (NYSE:SI) Biograph, the first device to perform positron emission tomography scanning and magnetic resonance imaging scanning at the same time.

PET scans allow physicians to see how organs are functioning by injecting radioactive tracers into a patient’s blood stream and MRIs use magnetic fields and radiowaves to create detailed images of organs, soft tissues, bones and other body structures.

Access Scientific scoops up $10 million | Funding Roundup

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Funding

Access Scientific Inc., makers of the Picc Wand and Power Wand IV catheters, closed a $10 million equity financing round.

Investment was led by CAC, a private equity firm, and followed by Access Scientific’s previous investors.

The company’s IV catheters are designed reduce patient discomfort by allowing blood tests to be drawn and fluids and medications to be delivered through a single device, which can last the duration of an entire hospital stay.

FDA clears Abbott’s wireless handheld testing system | Regulatory roundup

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Clearances roundup

The FDA granted Abbott Laboratories (NYSE:ABT) 510(k) clearance for the wireless version of its i-STAT 1 point of care testing system.

Healthcare providers use the Abbott Park, Ill.-based company’s handheld i-STAT 1 device to transmit diagnostic test results from the patient directly to electronic health records where doctor can access the data.

Neovasc wins European approval for bovine tissue-based surgical patch | Regulatory roundup

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Clearances roundup

Here’s a roundup of companies announcing clearances and approvals from the Food & Drug Administration and foreign regulatory agencies. Check out MassDevice’s compilation of the latest regulatory news for additional clearances and approvals.

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