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India slashes drug-eluting stent reimbursement by 62% | Wall Street Beat

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MassDevice.com Wall Street Beat

The Indian government slashed reimbursement rates for drug-eluting stents by more than 61.5%, down to about $460 from roughly $1,200, aiming to give a boost to its domestic stents industry at the expense of the multinational players.

It’s the 2nd rate cut since October 2011, according to the Business Standard. India cut the rate of reimbursement for U.S.-made stents from 65,000 rupees (about $1,200) to 25,000 rupees (~$461), which is now the standard rate for stents regardless of origin, according to the newspaper.

Ocular Therapeutix eyes a $24M Series D extension | Wall Street Beat

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MassDevice.com Wall Street Beat

Ocular Therapeutix said it closed a $23.8 million Series D extension round from existing backers for its sustained drug release technology to treat eye diseases.

The Bedford, Mass.-based medical device company said all of its current institutional investors ponied up for the round, including Polaris Ventures, Versant Ventures, SV Life Sciences, Sparta LLC, and Ascension Health Ventures.

Ocular Therapeutix is developing a punctum plug for the entry of the tear duct to release drug therapy to the surface of the eye over several months.

FDA clears InTouch Health’s remote presence robot

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InTouch Health

Santa Barbara, Calif.-based InTouch Health said it won FDA clearance for its RP-VITA, touting it as the first remote presence solution for acute patient care.

The RP-VITA allows doctors to take command of any clinical, patient or care team management process remotely, according a press release.

Hacker demonstrates insulin pump attack from 300 ft. away | MassDevice.com On Call

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MassDevice On Call

MASSDEVICE ON CALL — A modern insulin pump can be hacked from 300 feet away and told to deliver a lethal dose of insulin, a hacker and researcher for computer security giant McAfee proved.

Using a laptop and a custom-made antennae, Barnaby Jack’s software broke through the insulin pump’s security and altered its program to dump its contents, injected a potentially lethal dose of the hormone into a dummy pancreas used for demonstration purposes.

iRobot invests $6M into telemedicine company | Funding Roundup

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iRobot
InTouch Health

iRobot Corp. (NSDQ: IRBT), famous for their Roomba automated cleaning robots, invested $6 million and launched an extended partnership with InTouch Health, which develops telemedicine systems for providing remote health care.

The venture builds on an existing relationship that the companies announced last summer, under which the companies engaged in a development and licensing agreement.

Tod Loofbourrow out at iRobot | Personnel moves

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MassDevice.com Personnel Moves

After less than two years at the helm of iRobot Corp.’s stealthy healthcare business, Tod Loofbourrow is apparently out as co-founder and president of the division, which will be rolled into the robot maker’s larger consumer operation.

Loofbourrow’s departure was first reported in a Tweet by Boston Globe tech mavenScott Kirsner, citing iRobot CEO Colin Angle. Mass High Tech confirmed the news with Angle in an email.

Tod Loofbourrow out as iRobot Healthcare is folded into consumer group

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iRobot

After less than two years at the helm of iRobot’s stealthy healthcare business, Tod Loofbourrow is apparently out as co-founder and president of the division, which will be rolled into the robot maker’s larger consumer operation.

Loofbourrow’s departure was first reported in a Tweet by Boston Globe tech maven Scott Kirsner, citing iRobot CEO Colin Angle. Mass High Tech confirmed the news with Angle in an email.