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BioWorld - Sunday, July 3, 2022
Home » Topics » Newco news

Newco news
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Righteye wins breakthrough device designation for Parkinson’s test

Dec. 3, 2019
By Meg Bryant
No Comments

The U.S. FDA has granted breakthrough device designation for Righteye LLC’s eye movement-tracking vision system as a test for Parkinson’s disease. Developed by researchers at PADRECC and Virginia Commonwealth University with funding from the Michael J. Fox Foundation, and licensed to Righteye in 2016, the test requires patients to sit in front of an all-in-one tablet-looking device and follow a series of moving targets. The goal is to identify ocular tremors, a persistent issue with Parkinson’s patients that prevents steady fixation on objects and images. The noninvasive test, which measures an individual’s ability to follow objects on a screen, could help doctors not only confirm the difficult-to-diagnose disease, but also detect it at earlier stages.


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Doctor looking in child's ear

FDA gives green light to Tusker Medical’s ear tube delivery system

Nov. 26, 2019
By Meg Bryant
No Comments
Menlo Park, Calif.-based startup Tusker Medical Inc. has received U.S. FDA approval to market its breakthrough-designated system for inserting tympanostomy tubes into the eardrum to treat recurrent ear infections. The Tubes Under Local Anesthesia (Tula) system is the first delivery system for tympanostomy tubes, commonly known as ear tubes, that can be performed in young children under local anesthesia in a doctor’s office. The Tula system consists of the ionic anesthetic Tymbion, Tusker Medical tympanostomy tubes and several devices for inserting the anesthetic and tubes into the ear drum. A low-level electrical charge delivers the anesthesia to the eardrum prior to tube placement, allowing for quick and needle-free numbing of the tympanic membrane.
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Head filled with digital data
Newco news

China’s first AI microbiome firm Xbiome raises over $14M in series B

Nov. 26, 2019
By Elise Mak
No Comments
BEIJING – Shenzhen-based Xbiome Co. Ltd., said to be China’s first AI-based microbiome drug development company, closed a series B financing round to pocket ¥100 million (US$14 million).
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Head filled with digital data

Rad AI debuts with $4M to help fight issues in radiology

Nov. 25, 2019
By Liz Hollis
No Comments
Radiologist burnout is a common problem. To combat this issue, Berkeley, Calif.-based Rad AI has launched with a $4 million seed round led by Gradient Ventures, Google's AI-focused venture fund. Other participants in the round were UP2398, Precursor Ventures, GMO Venture Partners, Array Ventures, Hike Ventures, Fifty Years VC and various angels.
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Lea Hachigian, co-founder, director and president, Immunitas
Newco news

Human nature: Single-cell genomics Immunitas launches with a series A

Nov. 22, 2019
By Lee Landenberger
No Comments
The research challenge facing the scientific founders of newly launched Immunitas Therapeutics Inc. was getting human samples to deeply analyze in their quest to understand autoimmunity. While the research continued slowly, the science raced ahead. 
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Opsens expands core technology into growing structural cardiology space

Nov. 22, 2019
By David Godkin
No Comments
TORONTO – If you’ve successfully expanded your medical technologies business once, why not do it a second time? The answer was quick in coming Nov. 5, when Quebec City-based Opsens Inc. announced its next goal: To accelerate development of products beyond its current line of technologies for measuring coronary pressure into the structural cardiology space.
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Seoul, South Korea
Newco news

SL Bigen secures ₩3B from Yuhan for CAR-NK therapy

Nov. 19, 2019
By Jihyun Kim
No Comments
HONG KONG – South Korean pharmaceutical giant Yuhan Corp. has invested ₩3 billion (US$2.6 million) in SL Bigen Co. Ltd., a Korean biotech based in Seongnam, Gyeonggi-do, that is focused on chimeric antigen receptor-directed natural killer (CAR-NK) therapy.
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Newco news

SL Bigen secures ₩3B from Yuhan for CAR-NK therapy

Nov. 19, 2019
By Jihyun Kim
No Comments
HONG KONG – South Korean pharmaceutical giant Yuhan Corp. has invested ₩3 billion (US$2.6 million) in SL Bigen Co. Ltd., a Korean biotech based in Seongnam, Gyeonggi-do, that is focused on chimeric antigen receptor-directed natural killer (CAR-NK) therapy.
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Scanwell-UTI-test-11-15.jpg

Scanwell Health aims to ease testing for UTIs with smartphone-enabled option

Nov. 15, 2019
By Liz Hollis
No Comments
Urinary tract infections (UTIs) are a common reason for women to visit their doctor. While virtual doctor visits have been possible to detect UTIs, patient-reported symptoms typically have drove diagnoses. Now, Los Angeles-based Scanwell Health is bringing its at-home smartphone-enabled test and treatment service for UTIs to all 50 states. Scanwell said its offering its the first U.S. FDA-cleared urine testing app available over-the-counter without a prescription.
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Hemoalgae looking to disrupt the health care space with new coagulation solution

Nov. 15, 2019
By Sergio Held
No Comments
Hemoalgae, from Cartago, Costa Rica, is moving forward with the extraction and development of molecules of hirudin, a peptide with anticoagulant properties, which impacts the biotech and med-tech sectors. Their uniqueness? Sourcing the anticoagulant hirudin from algae.
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