Royal Philips (NYSE:PHG) announced today that it launched its Quicklear mechanical thrombectomy system in the U.S. after receiving FDA clearance. QuickClear is a compact, single-use system designed to provide an all-in-one aspiration pump and catheter for removing blood clots from the vessels of the peripheral arterial and venous systems. It is now available for sale in […]
Philips launches lung cancer diagnosis, treatment platform
Royal Philips (NYSE:PHG) announced today that it launched the Azurion Lung Edition imaging system for diagnosing and treating lung cancer. Amsterdam-based Philips’ Azurion Lung Edition is a 3D-imaging and navigation platform for accelerating lung cancer diagnosis and treatment by combining CT-like 3D images acquired at the tableside with live X-ray guidance and other tools to support […]
DHS warns on Philips patient monitoring systems
The U.S. Department of Homeland Security warned of several vulnerabilities in patient monitors made by Royal Philips (NYSE:PHG). Amsterdam-based Philips’ Patient Information Center iX, PerformanceBridge Focal Point, IntelliVue Patient Monitors MX100, MX400-MX850 and MP2-MP90 and IntelliVue X2 and X3 were all listed among the affected equipment in a DHS release. Potential vulnerabilities within those devices include […]
HHS ends more ventilator contracts as national stockpile fills up
The U.S. Dept. of Health and Human Services (HHS) is reportedly terminating more ventilator contracts as the national stockpile is full. The Hill reported today that HHS is throwing out some of the contracts that totaled $3 billion as the U.S. government sought to supply as many ventilators as possible during the first surge of […]
MedTech 100 roundup: Industry reaches new heights again
The past month has seen a resurgence from medtech companies in the markets and last week saw the best performance yet. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 90.78 points at the end of last week (Aug. 28). Overall, medtech stocks saw a 1.3% increase […]
Philips ends ventilator distribution deal with HHS
Royal Philips (NYSE:PHG) announced today that the U.S. Dept. of Health and Human Servies partially terminated its ventilator manufacturing contract. Amsterdam-based Philips received the termination notice from HHS after agreeing to a contract in April to deliver 43,000 bundled EV300 ventilator configurations to HHS through December 2020 amid the COVID-19 pandemic. News of the contract termination […]
Philips to acquire Intact Vascular for $275M
Royal Philips (NYSE:PHG) announced today that it agreed to acquire Intact Vascular in a deal worth approximately $275 million upfront. Wayne, Pa.-based Intact Vascular makes the Tack specialized implantable device for treating peripheral artery disease (PAD). The Tack endovascular system reinforces standard and drug-coated balloon PAD treatment results as a first-of-its-kind, minimal-metal, dissection repair device for […]
Philips, Google, ResMed among companies joining digital therapeutics standards initiative
Major companies in the medtech space — including Philips, Google and ResMed — are among those joining the Consumer Technology Association’s new digital therapeutics standards initiative. “With the COVID-19 pandemic, we are seeing faster innovation across all aspects of digital health including digital therapeutics,” said Gary Shapiro, CEO of the CTA. “This field takes the […]
Report: Ventilators are piling up in government stockpiles
As the COVID-19 pandemic roars on, the government stockpile of once-in-demand ventilators has reportedly turned into a collection of unused devices. The Washington Post reports that, following the panic caused by an anticipated ventilator shortage and subsequent rush to add to the stockpile after President Trump invoked the Defense Production Act, the approach to treating COVID-19 […]
Philips launches Virtual Care Station pod
Royal Philips (NYSE:PHG) announced today that it launched its Virtual Care Station telehealth system for delivering virtual care services. Virtual Care Station delivers care in convenient neighborhood locations, including retail settings, libraries, town halls and universities, according to a news release. The pod-based system is designed to connect provider and insurance networks to allow healthcare […]
MedTech 100 roundup: Industry hits another mid-pandemic high
Despite a minor regression week-over-week, the medtech industry’s stocks hit another milestone as the COVID-19 rebound remains in progress. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.01 points at the end of last week (July 31). Overall, medtech stocks saw a -0.3% increase from the […]
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