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Proteus Digital Health

MedTech 100 roundup: Another rebound as markets continue to fluctuate

June 22, 2020 By Sean Whooley

Medtech stocks rebounded from a significant dip earlier in June last week, continuing to highlight the topsy-turvy nature of the markets during the COVID-19 pandemic. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 85.00 points at the end of last week (June 19). That total represents […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: 3m, coronavirus, COVID-19, Dept. of Health & Human Services (HHS), foxconn, MedTech 100 Index, Medtronic, Merck, Merit Medical Systems, Owens and Minor, Proteus Digital Health, Stryker, Themis

Pandemic forces Proteus into bankruptcy

June 16, 2020 By Nancy Crotti

Proteus Digital Health has filed for Chapter 11 bankruptcy protection, noting that its efforts to raise money or sell the company fell victim to the COVID-19 pandemic. The Redwood City, Calif.-based company missed a $100 million funding target in December. Once valued at $1.5 billion, Proteus previously raised $420 million from investors including Novartis Venture […]

Filed Under: Business/Financial News, Cardiovascular, Digital Health, Drug-Device Combinations, Featured, Legal News, Mergers & Acquisitions, Pharmaceutical Tagged With: Otsuka Holdings, Proteus Digital Health, Robert Bosch North America, Romaco North America, Xcelience

Proteus pivots, hands digital mental health adherence business to Otsuka

January 16, 2020 By Danielle Kirsh

Proteus Digital Health is abandoning its mental illness and cardiovascular work in its digital pill technology after its deal with Otsuka Pharmaceutical (TYO:4578) ended prematurely and will start to focus more on therapeutic areas, STAT News reports. Otsuka Pharmaceutical had been paying Proteus to develop a portfolio of digital medicines for serious mental health conditions. […]

Filed Under: Business/Financial News, Digital Health, Featured, Funding Roundup, Pharmaceutical Tagged With: Otsuka Holdings, Proteus Digital Health

Proteus Digital Health restructuring amid reported funding woes

December 9, 2019 By Nancy Crotti

Proteus Digital Health said today that it is restructuring, reportedly because it failed to close a $100 million funding round. A report by CNBC said the Redwood City, Calif.-based company missed the funding target. Once valued at $1.5 billion, the company previously raised $420 million from investors including Novartis Venture Fund and Kaiser Permanente Ventures, […]

Filed Under: Business/Financial News, Digital Health, Featured, Pharmaceutical Tagged With: Otsuka Holdings, Proteus Digital Health

Proteus debuts digital cancer drug

January 17, 2019 By Sarah Faulkner

Proteus Digital Health said today that the first cancer patients were treated using its digital oncology therapy, which combines oral chemotherapy with an ingestible sensor. Patients with stage 3 and 4 colorectal cancer at the University of Minnesota Health and Fairview Health Services were treated with digital capecitabine. The Redwood City, Calif.-based company plans to use […]

Filed Under: Digital Health, Drug-Device Combinations, Featured, Oncology, Pharmaceutical Tagged With: Proteus Digital Health

Anthem exec chairman joins Proteus board | Personnel Moves – Feb. 26, 2018

February 26, 2018 By Sarah Faulkner

Proteus Digital Health announced earlier this month that Anthem‘s (NYSE:ANTM) executive chairman, Joseph Swedish, joined the company’s board of directors. Swedish served as Anthem’s president & chief executive from 2013 until he was appointed executive chairman in 2018. Get the full story at our sister site, Drug Delivery Business News.

Filed Under: Drug-Device Combinations, Pharmaceutical, Wall Street Beat Tagged With: Aerie Pharmaceuticals, Allergan, Anthem Inc., BioCorRx, BrainStorm Cell Therapeutics Inc., Chrono Therapeutics, InfuSystem, Proteus Digital Health, Reva Medical Inc.

The ‘smart pill’ market could be worth $3B by 2025 – meet the key players

January 4, 2018 By Sarah Faulkner

The “smart pill” market is expected to nearly quadruple in value to $3 billion by 2025, according to Grand View Research. Driving this growth is an increasing demand for minimally-invasive procedures, as well as better patient monitoring capabilities. There are a number of players in the pharmaceutical and medtech arenas looking to stake a claim […]

Filed Under: Drug-Device Combinations, Imaging, Pharmaceutical, Research & Development, Wall Street Beat Tagged With: CapsoVision, etectrx, Medtronic, Olympus, Proteus Digital Health

FDA approves first pill with sensor to track ingestion

November 14, 2017 By Sarah Faulkner

The FDA today approved Abilify MyCite, the first drug in the U.S. to have an ingestible sensor embedded within the pill that can track if the medication was taken. The drug-device combination product is indicated for the treatment of schizophrenia, acute treatment of manic and mixed episodes linked with bipolar I disorder and as an […]

Filed Under: Drug-Device Combinations, Food & Drug Administration (FDA), Neurological, Patient Monitoring, Pharmaceutical, Regulatory/Compliance, Wall Street Beat Tagged With: Otsuka Holdings, Proteus Digital Health

Neuros Medical taps ex-Sequent CEO Wilder for corner office | Personnel Moves, August 28, 2017

August 28, 2017 By Brad Perriello

Neuros Medical said it named Tom Wilder, the CEO who led Sequent Medical to a $280 million acquisition by Terumo Corp. (TYO:4543), to take the corner office. “Neuros Medical, with its patented Altius system high-frequency nerve block technology, has the opportunity to develop important therapy options for patients who experience significant pain as a result […]

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Filed Under: Wall Street Beat Tagged With: AdvaMed, EarlySense, Livongo, Masimo, Medovex, Misonix, Neuros Medical Inc., OmniGuide, Personnel Moves, Philips, Proteus Digital Health

Proteus, Otsuka take another run at FDA approval for Abilify-smart pill combo

May 23, 2017 By Sarah Faulkner

Otsuka Pharmaceutical (TYO:4578) and Proteus Digital Health said today that the FDA accepted its resubmitted new drug application for their “smart pill”. The drug-device product combines Abilify and a Proteus ingestible sensor in a single tablet. The FDA is slated to make a decision on the NDA resubmission in the 4th quarter this year. Get the […]

Filed Under: Drug-Device Combinations, Food & Drug Administration (FDA), Pharmaceutical, Regulatory/Compliance, Wall Street Beat Tagged With: Otsuka Holdings, Proteus Digital Health

FDA wants more from Proteus, Otsuka on ‘smart pill’

April 27, 2016 By Fink Densford

Otsuka Pharmaceutical (TYO:4578) and Proteus Digital Health  said today that the FDA issued a complete response letter requesting more information from the companies for the combination of the Proteus “smart pill” and Otsuka’s Abilify anti-depressant drug. The Proteus pill is designed to signal a wearable patch after it reaches the stomach, recording and time-stamping data from […]

Filed Under: Drug-Device Combinations, Food & Drug Administration (FDA) Tagged With: Otsuka Holdings, Proteus Digital Health

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