Over the past 12 months, a number of medtech companies at various stages hauled in significant funding rounds to support their innovations. Technologies that were supported by hundreds of millions of dollars in 2024 included pulsed-field ablation, brain-computer interfaces (BCIs), AI-enabled surgical software and more. In all, the amount of medtech companies receiving more than […]
INSIGHTEC
FDA approves Insightec Exablate Prime for use on Philips systems
Insightec announced today that it received FDA approval and CE mark for its Exablate Prime system with certain Philips MR systems. Haifa, Israel–based Insightec — which has its U.S. headquarters in Miami — said the approval expands the accessibility of non-invasive magnetic resonance (MR)-guided focused ultrasound treatments for patients and healthcare providers. The new clearances […]
Former GE HealthCare EVP to become CCO at Insightec
Jake Ghannam took to LinkedIn to announce that he accepted the position of chief commercial officer (CCO) at Insightec. Ghannam said his appointment at Insightec means he departs his post as EVP for U.S. and Canada at GE HealthCare. According to his LinkedIn profile, he spent more than two-and-a-half years at GE HealthCare. Before that, […]
Insightec raises $150M to support incisionless neurosurgery tech
Insightec announced that it raised $150 million to further support its incision-less, ultrasound-based neurosurgery technology. Fidelity Management & Research Company led the round, along with co-leaders Nexus Neurotech Ventures and Ally Bridge Group. New investors Baillie Gifford, Catalio Capital Management, Fayez Sarofim & Co., and Gilmartin Capital also provided support. Insiders, led by affiliates of […]
Insightec scores positive coverage for ultrasound-based essential tremor treatment
Insightec announced today that Humana became the fifth national payor in the U.S. to cover its ultrasound treatment for essential tremor. The Haiefa, Israel, and Miami, Florida–based company develops the Exablate Neuro system. It uses focused sound waves safely guided by MRI. The system provides tremor treatment to patients with medication-refractory essential tremor and Parkinson’s […]
FDA grants new approval for essential tremor treatment from Insightec
Insightec announced today that it received additional FDA approval for treating essential tremor with its Exablate Neuro platform. Essential tremor commonly affects both sides of the body, Insightec noted in a news release. The new approval allows appropriate patients to receive treatment on their second side at least nine months after treatment of the first […]
FDA clears Insightec Exablate Prostate device
Insightec announced today that it received FDA 510(k) clearance for its Exablate Prostate system for treating prostate tissue. Haifa, Israel-based Insightec designed its Exablate Prostate system to use high-intensity focused ultrasound to ablate targeted tissue in the prostate. Health providers perform the procedure under magnetic resonance imaging (MRI) guidance for high-resolution visualization of the patient’s […]
MedTech 100 roundup: Industry roars back
In the blink of an eye, the medtech industry exited its spring slump and neared its all-time best performance levels. MassDevice‘s MedTech 100 Index offered signs of a rebound last week and has built on that momentum, registering a final tally of 109.39 points on April 9. That represents a 2.9% increase from the 106.26-point mark […]
Insightec raises $136M for incisionless surgery tech
Insightec raised more than $136 million in a recent funding round, according to a Form D that the incisionless surgery tech company filed today with the SEC. The Tirat Carmel, Israel–based company — whose technology uses MR-guided focused ultrasound to perform surgeries — had sought a total of $150 million in the money-raise. The company […]
Philips, InSightec team up on ultrasound for neurosurgery
Royal Philips (NYSE:PHG) announced that it is collaborating with InSightec to expand access to MR-guided focused ultrasound. Amsterdam-based Philips plans to develop compatibility between its advanced MR system and InSightec’s Exablate Neuro platform to expand access to MR-guided focused ultrasound for incision-less neurosurgery in treating essential tremor and other neurological disorders, according to a news release. […]
Insightec wins Medicare coverage for incisionless neurosurgery platform
Insightec announced today that it has secured complete Medicare coverage across the U.S. for its MR-guided focused ultrasound treatment of medication-refractory essential tremor. The coverage comes roughly four years since the Tirat Carmel, Israel–based company won FDA approval for the technology. Insightec officials said compelling clinical evidence and support from physicians, specialty societies and patients […]
