General Electric (NYSE:GE) is reportedly funding 2 of the startups that launched out of its opioid hack-a-thon last year, even though only 1 of the companies won. The company is backing GEM Boxes, the competition’s winner, and We Are Allies with more than $20,000 worth of funding to help curb the opioid epidemic that kills 91 […]
General Electric
GE shares slide on sales miss, despite healthcare contributions
Shares in General Electric (NYSE:GE) slid today before the market opened before sliding a further -2% after the industrial conglomerate missed top-line expectations for the 4th quarter and full year, despite solid contributions from its GE Healthcare subsidiary. GE Healthcare put up profits of $1.03 billion, up 9.8%, on sales growth of 2.6% to $5.10 billion […]
Battling doctor shortage, Indian hospitals offer intensive care from afar
(Reuters) – A doctor at a hospital in India’s capital, New Delhi, was recently tracking a wall of monitors displaying the vital signs of intensive care patients admitted hundreds of miles away when red-and-yellow alerts rang out. The oxygen flow to a 67-year-old patient had stopped when no critical care doctors were present in a […]
Sales and profits slide for GE Healthcare
General Electric (NYSE:GE) said today that sales and profits in its GE Healthcare division slid for both the 4th quarter and full-year 2015, as the industrial conglomerate’s overall sales missed expectations, sending share prices down today. GE Healthcare posted profits of $938 million on sales of $4.97 billion during the 3 months ended Dec. 31, 2015, […]
General Electric backs Sonitus Medical with $10M loan
General Electric (NYSE:GE) said its GE Capital arm lent $10 million to Sonitus Medical for its SoundBite tooth-based hearing aid.
San Mateo, Calif.-based Sonitus plans to use the funds to expand commercialization of the SoundBite device, which uses bone conduction to transmit sound via the teeth, according to a press release.
Delphinus Medical lands $6M from General Electric
General Electric (NYSE:GE) said its GE Capital arm lent $6 million to Delphinus Medical Technologies for its SoftVue whole breast tomography system.
The loan is aimed at "clinical and early commercialization efforts" for Plymouth, Mich.-based Delphinus, according to a press release.
Johnson & Johnson shops Ortho Clinical Diagnostics unit
Philips, B.D., Schein, Coloplast make the list for world’s most ethical | MassDevice.com On Call
MASSDEVICE ON CALL — The 2012 list of the world’s most ethical companies included a handful of medical device makers and group purchasing organizations, according to the research-based Ethisphere Institute.
InfraReDx lands $10M from GE Capital
General Electric’s (NYSE:GE) GE Capital dropped a $10 million senior secured multi-draw term loan on InfraReDx for its intravascular ultrasound technology.
The Burlington, Mass.-based company plans to use the cash to commercialization its TVC imaging system, which combines IVUS and near-infrared spectroscopy to provide images of the interior of blood vessels. It’s the only FDA-device cleared for lipid core plaque detection.
GE Capital Provides $10 Million Term Loan Facility to InfraReDx, Inc.
BETHESDA, Md.–(BUSINESS WIRE)–GE Capital, Healthcare Financial Services announced today that it was the sole lender on a $10 million senior secured multi-draw term loan to InfraReDx, Inc., a medical device company committed to advancing the diagnosis and management of coronary artery and other vascular diseases. The financing will be used to help support product commercialization efforts….
http://www.businesswire.com/news/home/20111205005245/en/GE-Capital-10-Million-Term-Loan-Facility
FDA clears Philips combination PET/MR scanner | Regulatory Roundup
Philips Ingenuity Scanner
Philips Healthcare (NYSE:PHG) landed 510(k) clearance from the FDA to market its Ingenuity whole-body PET/MR imaging system in the U.S.
The scanner performs both PET and magnetic resonance imaging scans, allowing doctors to acquire images at a significantly lower radiation dose than traditional PET/computer tomography scanners, which use x-rays to make images.