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BioWorld - Thursday, February 26, 2026
Home » Topics » Medical technology

Medical technology
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Financings for April 23, 2024

April 23, 2024
Med-tech firms raising money in public or private financings, including: Genetic Technologies, Glucotrack.
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tumor treatment pfa
Patents

Former Farapulse researcher applies PFA know-how to tumor treatment

April 23, 2024
By Simon Kerton
In what represents just the company’s fourth PCT filing, San Jose, Calif.-based Squirrel Corp. seeks protection for systems for electroporation or pulsed field ablation (PFA) treatment of soft tissue tumors.
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China in red on globe

Royal Philips hit with FDA warning over facility in China

April 23, 2024
By Mark McCarty
Royal Philips NV may feel it has had enough recent interaction with the U.S. FDA, but the company is now in receipt of a warning letter from the agency over a facility located in Suzhou, China. The FDA was none too fond of the facility’s handling of a contract manufactured data cable used in CT systems because of malfunctions that may have delayed diagnostic imaging procedures, representing yet another regulatory distraction for a company that recently cleared a long-running conflict with the FDA over CPAP machines.
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3D map of China

China’s NMPA may expect domestic HFE work for imported devices

April 23, 2024
By Mark McCarty
China’s National Medical Products Administration (NMPA) has issued a guidance for human factors engineering (HFE) of medical devices, a document that by some accounts aligns fairly well with guidance from the U.S. FDA. However, Yvonne Limpens, manager of the human factors program at Emergo by UL, said NMPA may push for domestic HFE testing on imported devices because of a perception that device usability may be different in China than in other nations, thus adding to the cost of doing business in the world’s second most populous nation.
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Illustration of cancer tumor on pancreas

Molecular You reports ‘breakthrough’ in early detection of pancreatic cancer

April 23, 2024
By Holland Johnson
Molecular You Corp. said it has achieved a significant milestone in the early detection of pancreatic cancer. A case report, published in the journal OMICS, described the effectiveness of the company’s proteomic and metabolomic analysis – known as longitudinal multiomics monitoring (LMOM) – in identifying pancreatic cancer in a symptom-free 60-year-old female patient. A biopsy on lesions discovered because of the company’s diagnostic tests confirmed stage 1 pancreatic cancer.
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Artistic rendering of deep brain stimulation.

Neurovalens gets FDA nod for neurostimulator to treat anxiety

April 23, 2024
By Shani Alexander
Neurovalens Ltd recently received U.S. FDA clearance for its Modius Stress device, a neurostimulator that treats people suffering from generalized anxiety disorder (GAD). It also closed a £2.1 million (US$2.65 million) funding round and is planning to raise up to $50 million in a series B fundraising round to be launched later this year.
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Med-tech gainers and losers for April 15-19, 2024

April 22, 2024
The top 10 med-tech stock gainers and losers for the week.
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Smart Reporting software

Smart Reporting raises €23M for medical software

April 22, 2024
By Shani Alexander
Smart Reporting GmbH raised €23 million (US$24.5 million) in a series C funding round for its medical reporting software which automates and streamlines physicians’ workload. The funding is a “significant accelerator” for the company, “catalyzing business growth, product development, and expansion into international markets,” Wieland Sommer, founder and co-CEO of Smart Reporting told BioWorld.
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Brain cells and blood vessels

Quest adds pTau217 to Alzheimer’s test portfolio

April 22, 2024
By Annette Boyle
Quest Diagnostics Inc. expanded its Alzheimer’s disease (AD) portfolio with a blood-based biomarker test for phosphorylated tau 217 (pTau217). The test joins the company’s plasma tests for p-tau181, beta-amyloid 42/40 ratio and ApoE genetic risk as well as several cerebrospinal fluid tests for Alzheimer’s.
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Illustration of brain with electrical activity background

Brain Trust Bio’s drug delivery method to be tested in Australia

April 22, 2024
By Tamra Sami
Brain Trust Bio Inc. (BTB) will soon begin phase I trials in Australia of its IT-Riluzole delivered to the brain via a continuous intrathecal drug delivery method in people with amyotrophic lateral sclerosis. The company’s concept is to take known drugs that work and make them better by delivering them exclusively to where patients need them most, BTB co-founder and CEO Chen Benkler told BioWorld.
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