Researchers at the National Institutes of Health and Siemens developed a low magnetic-field MRI system to improve imaging of the lungs. The high-performance, low magnetic-field MRI system is designed to improve the image quality of the lungs and other internal structures. It is also designed for patients who have pacemakers and defibrillators and is compatible […]
Siemens to acquire Corindus in $1.1B deal
Corindus Vascular Robotics (NYSE:CVRS) reported its second-quarter financials today, revealing that it inked a deal to be acquired by Siemens Healthineers (NYSE:SI) in an all-cash deal valued at roughly $1.1 billion. Siemens Medical Solution, a subsidiary of Siemens Healthineers, is slated to acquire all issued and outstanding common stock in Corindus for $4.28 apiece in cash. The […]
Report: “Unglamorous” medtech outshines biopharma in 2019
Medtech merger and acquisition deal announcements slowed in the first half of 2019, but the industry got a boost from Verily’s $1 billion round of funding — the largest ever for a medtech firm. The Verily round was twice the size of the biggest-ever VC deal for a biotech company, according to the Vantage Half-Year […]
Report: Medical imaging giants thrive on bribery in China
Employees of G.E., Philips and Siemens have testified in court in China to bribing low-paid hospital officials to buy their companies’ medical devices, according to a report by the New York Times. Western medtech makers also agreed to deals involving third-party contractors who bribed hospital workers and sought kickbacks from hospitals, even after the contractors […]
Report: SEC probes GE Healthcare, Philips, Siemens in Chinese bribery scheme
The U.S. Securities & Exchange Commission is reportedly investigating three of the world’s largest medical device makers for their alleged participation in a bribery scheme in China. The SEC probe involves Siemens (NYSE:SI), Royal Philips (NYSE:PHG) and GE Healthcare (NYSE:GE), which allegedly used local middlemen to bribe Chinese government and hospital officials to buy their medical equipment, Reuters reported, […]
Siemens wins FDA nod for Mobilett Elara Max mobile X-ray
Siemens (NYSE:SI) Healthineers said today that it won FDA 510(k) clearance for its Mobilett Elara Max mobile X-ray system. The Erlangen, Germany-based company touted that the newly cleared system features improved IT security and secure system integration to allow access of patient data at any time. Siemens Healthineers also said that the system features antibacterial coating and […]
Sen. Warner enlists healthcare industry help on cybersecurity
U.S. Senator Mark Warner (D-Va.) wrote a letter to several healthcare organizations yesterday, asking their help in improving cybersecurity in the industry. A member of the Senate Finance Committee and chair of the Senate cybersecurity caucus, Warner pointed to apparent gaps in oversight, expressed concern about the impact of cyberattacks on the health care sector, […]
Here’s how precision medicine could change medical imaging
The business of precision medical imaging is poised to take off in the next few years, according to a new analysis by Frost & Sullivan. The market research firm’s report, “Growth Opportunities in Precision Medical Imaging, Forecast to 2022,” said new technologies and processes in diagnostic and therapeutic imaging could spur the market to grow […]
FDA green-lights Siemens Healthineers Magentom Lumina 3T MRI
Siemens Healthineers has received FDA clearance for its Magnetom Lumina 3 Tesla MRI scanner. The scanner features BioMatrix patient personalization that helps improve productivity and ensure consistent quality, according to the company. It has a wide, 70 cm bore and GO technologies that are powered by artificial intelligence to speed up MRI workflow. Magnetom Lumina […]
Siemens Healthineers posts mixed-bag FY2019 Q1 earnings
Siemens (NYSE:SI) Healthineers this week posted first quarter fiscal year 2019 earnings that showed both sales and bottom-line growth, but saw its diagnostics and advanced therapies divisions profits shrink compared with the same period during the previous year. The Erlangen, Germany-based company posted profits of approximately $394.1 million (EU €345 million), or 39¢ per share (EU €0.34 […]
Siemens wins FDA nod for Cios Spin mobile 3D C-arm
Siemens (NYSE:SI) Healthineers said today that it won FDA clearance for its Cios Spin mobile C-arm device for intraoperative 3D imaging. The newly cleared Cios Spin produces 3D computed tomography-like imaging for orthopedic, trauma and spinal surgery that Siemens claims can reduce the rate of revisions and need for post-operative CT. The Cios Spin supports both 2D […]
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