GE HealthCare today announced that it received a $44 million grant from the Bill & Melinda Gates Foundation. The foundation issued the grant for GE HealthCare to create user-friendly, AI-assisted ultrasound imaging auto-assessment tools. These tools could aid healthcare professionals with clinical decision information to support more effective ultrasound scans. Such scans include obstetric and […]
artificial intelligence
Butterfly Network posts Q2 results, announces new AI marketplace
Butterfly Network (NYSE:BFLY) shares rose today on second-quarter results that topped the consensus forecast. Shares of BFLY ticked up 3.8% at $2.44 apiece in midday trading today. MassDevice’s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, dipped 0.7%. The Burlington, Massachusetts–based handheld ultrasound developer posted losses of $28.7 million, equalling […]
HeartBeam partners with Samsung to boost at-home cardiac care
HeartBeam has announced a strategic alliance agreement (SAA) with global tech giant Samsung. The alliance, announced today, builds upon an existing SAA between Samsung and Livmor, whose assets HeartBeam acquired earlier this year. Livmor created the FDA-cleared wearable Halo atrial fibrillation detection system — an FDA-cleared, Samsung-Galaxy-watch-based arrhythmia detection tool. Meanwhile, HeartBeam recently secured a […]
Butterfly Network shares slide on Q1 results
Butterfly Network (NYSE:BFLY) shares dropped today on first-quarter results that fell short of sales expectations. Shares of BFLY dropped 16% to $1.88 apiece in morning trading today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was relatively flat at the same time. The Burlington, Massachusetts-based handheld ultrasound technology maker posted […]
Surgalign releases HOLO AI Insights for neurovascular research
Surgalign (Nasdaq:SRGA) announced today that it released its HOLO AI Insights for use in neurovascular research. Deerfield, Illinois–based Surgalign initially launched HOLO AI Insights for spine imaging in March 2023. It enables customers, partners and clinical researchers to utilize the HOLO AI portfolio. The system features a secure, highly scalable cloud platform for the automated […]
Formus Labs wins clearance for AI-powered ortho surgery planning
Formus Labs today announced FDA clearance of its Formus Hip automated radiological image processing software for hip replacement pre-op planning. The New Zealand–founded company described the clearance as the last hurdle it needed to overcome to start making Formus Hip widely available in the United States. According to Formus Labs, its software saves time for […]
The top orthopedic device news out of AAOS 2023
Stryker’s next-gen Mako total robotic knee surgery system and more AI integration for Zimmer Biomet’s ZBEdge surgical platform topped the news at this year’s AAOS 2023. The American Academy of Orthopaedic Surgeons 2023 annual meeting drew top medical and medtech talent to Las Vegas from March 7–11. Here is a roundup of major news coming […]
AI is part of Augmedics’ Xvision Spine System expansion
Augmedics announced today that it launched new, FDA-cleared features and indications for its Xvision Spine System. Updates to Xvision come just weeks after the company hit its 3,000-patient milestone for the system. It marks Xvision’s largest expansion since its commercial launch. Chicago-based Augmedics said in a news release that the launch creates a technical foundation […]
Philips highlights how it is bringing AI to MR
Philips (NYSE:PHG) today announced a range of artificial intelligence (AI)-based offerings it plans to present at the European Congress of Radiology (ECR) 2023. The Amsterdam-based medtech giant plans to showcase its MR5300 and MR 7700 offerings, as well as its Spectral CT 7500 and Incisive CT with CT Smart Workflow. It also intends to highlight […]
FDA clears pulmonary embolism diagnostic, triage tech from RapidAI
RapidAI announced that it received FDA 510(k) clearance for its Rapid RV/LV tool for detecting pulmonary embolism (PE) severity. San Mateo, California-based RapidAI designed Rapid RV/LV to quickly assess the ratio between right ventricle and left ventricle. This RV/LV metric represents a key indicator of PE severity. Automating the process enables the care team to […]
FDA clears AI-enabled MR tech from Philips
Philips (NYSE:PHG) announced today that it received FDA 510(k) clearance for its AI-enabled MRCAT head and neck radiotherapy application. Amsterdam-based Philips designed its MRCAT head and neck application to allow for the use of MR as the sole or primary imaging modality for radiotherapy planning. It is used for the treatment of soft tissue tumors […]
