Butterfly Network (NYSE:BFLY) announced today that it garnered CE mark approval for its Butterfly iQ+ ultrasound system. The company obtained European Union Medical Device Regulation (EU MDR) certification for the iQ+ system. It initially received CE mark in 2021, but had to fall in line with updated, more stringent regulations in Europe. According to a […]
Butterfly Network
Butterfly Network rolls out next-gen ultrasound-on-chip tech in the U.S.
Butterfly Network (NYSE:BFLY) announced today that it launched its iQ3 third-generation handheld point-of-care ultrasound system. The Butterfly iQ3 point-of-care ultrasound (POCUS) system is a semiconductor-based, single-probe, whole-body ultrasound offering. iQ3 features a brand-new ergonomic design and provides double the data processing speed compared to previous generations. The FDA cleared the iQ3 system last month. Burlington, […]
Layoffs in medtech: These companies recently reduced their workforce
The workforce reduction trend has swept the economy recently, and unfortunately, the medtech space is not immune to layoffs. You’ve probably read about the ongoing layoffs sweeping the tech industry, media and more. For instance, Yahoo, Disney, Zoom and more all reported workforce reductions as companies across industries grapple with economic pressures. Think inflation, supply […]
FDA clears next-gen handheld ultrasound from Butterfly Network
Butterfly Network (NYSE:BFLY) announced today that it received FDA clearance for its next-generation handheld ultrasound system. BFLY shares were up more than 23% to $1.25 apiece on the news. MassDevice‘s MedTech 100 Index was up more than 1%. The Butterfly iQ3 point-of-care ultrasound (POCUS) system marks the third iteration of the company’s technology. Burlington, Massachusetts- […]
Butterfly Network to bring Ultrasound-on-Chip tech to surgical robotics
Butterfly Network (NYSE:BFLY) announced today that it partnered with Mendaera to commercialize a new surgical robotic system. Mendaera, a Silicon Valley-based company, develops medical robotic technology. Its platform combines robotics, real-time imaging, AI and connectivity to enable intervention at scale. The company recently completed the research and design process for its novel robotic system and […]
5 more brain-computer interface companies you need to know
The brain-computer interface (BCI) space continues to rise in notoriety, and a number of players are throwing their hats in the ring. Such technologies could enable users to control a computer with their brain, or even go beyond that. Countless immobile people someday could control a mouse cursor, keyboard, mobile device/tablet, wheelchair or prosthetic device […]
Butterfly Network is bringing its ultrasound tech to the BCI space
Butterfly Network (NYSE:BFLY) announced today that it entered into a five-year co-development deal with Forest Neurotech. The deal combines Butterfly Network’s portable ultrasound technology with Forest Neurotech’s minimally invasive brain device. Forest, a deep tech research company, develops a device for imaging and stimulating the brain with ultrasound. Forest Neurotech develops an ultrasound-based brain-computer interface […]
Butterfly Network, Razom expand partnership to bring more handheld ultrasound to Ukraine
Butterfly Network (NYSE:BFLY) announced today that it partnered with Razom to bring additional handheld ultrasound devices to Ukraine. Razom, a U.S.-based nonprofit, offers support to Ukraine. The company considers itself a leader in driving point-of-care ultrasound (POCUS) training and utilization there. To date, it already deployed more than 400 Butterfly iQ+ handheld ultrasound devices in […]
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 […]
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 […]
How did medtech SPAC mergers fare?
Over the past few years, special purpose acquisition corporations (SPACs) have found their way into the medtech space. These businesses — built to bring private companies public — raise initial public offerings (IPOs). They then go and acquire existing companies, taking them public in the process. The value of these mergers varies, but some in […]