Abbott Laboratories Inc. landed U.S. FDA clearance for its Freestyle Libre 3 integrated continuous glucose monitoring system (CGM)’s reader device a bit earlier than expected. With the regulatory greenlight for the durable medical equipment component received, the company is now pursuing coverage by the CMS for the entire Freestyle Libre 3 system. The system’s sensor received FDA clearance in May 2022.
Motus GI Holdings Inc. undertook further lifesaving measures to survive into 2024 as it continues to seek strategic and financial alternatives that will enable the company to accelerate commercialization of its Pure-Vu endoscopy system. CEO Tim Moran became chairman of the board as former CEO—and current President, Chief Operating Officer and director—Mark Pomeranz added the CEO position to his portfolio.
Phenomix Sciences Inc. has launched a first-of-its-kind test that could provide precision medicine treatment options for patients suffering from a particular form of obesity. Key to the saliva-based Hungry Gut test for patients still hungry after eating is the science of phenotyping enabling specialists to determine genetic sources for this and other distinct obesity conditions.
Viewray Inc., the manufacturer of the Mridian MR-guided radiation therapy system, released disappointing preliminary first quarter 2023 results and shareholders braced for more bad news as the company reported it engaged Goldman Sachs to evaluate strategic alternatives including corporate sale, merger or business combination.
Danco Laboratories LLC’s abortion pill, Mifeprex (mifepristone), and a generic will remain on the U.S. market with tighter restrictions while a challenge to the drug’s 2000 accelerated approval and the FDA’s subsequent loosening of prescribing requirements plays out on appeal. That is unless the Supreme Court says otherwise.
The U.S. FDA has granted de novo authorization to Moximed Inc. for its Misha knee system, a first-of-its-kind implantable shock absorber for people suffering from osteoarthritis (OA) of the knee. The device is intended to relieve pain and improve daily function in patients ineligible for, or not ready to undergo, joint replacement.
As an April 15 deadline looms, the U.S. Court of Appeals for the Fifth Circuit is being asked to intervene immediately to keep mifepristone on the U.S. market as an abortion option while legal challenges continue to play out in court.
Getinge AB received U.S. FDA premarket approval (PMA) for its Icast covered stent system, which has been used by clinicians for 20 years under the brand name Advanta V12. Icast is designed to treat patients with iliac arterial occlusive disease, a type of peripheral arterial disease where atherosclerosis narrows and blocks peripheral arteries.
Becton, Dickinson and Co. (BD) tackled the persistent issue of missed vessels for intravenous (IV) placement with the goal of enabling hospitalized patients to have a ‘one-stick stay.’ The Prevue II system uses the BD Cue needle tracking-enabled system, which offers a high-quality ultrasound image of the needle trajectory in conjunction with real-time needle depth markers.
Pear Therapeutics Inc. filed for bankruptcy protection under chapter 11 to buy time to sell its assets. The company was the first-to-market for prescription digital therapies, with three PDTs gaining regulatory nods from the FDA: Reset for substance use disorder, Reset-O for opioid use disorder and Somryst for insomnia. Reset-A received breakthrough device designation in 2021. The Reset therapies are approved for use in conjunction with medication therapy or other outpatient therapy for substance use.
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