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BioWorld - Sunday, July 5, 2026
Home » Topics » Medical technology

Medical technology
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Financings for Jan. 30, 2024

Jan. 30, 2024
Med-tech firms raising money in public or private financings, including: Affluent Medical, Carcinotech, Venomaid Diagnostics.
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Appointments and advancements for Jan. 30, 2024

Jan. 30, 2024
New hires and promotions in the med-tech industry, including: Alcami, Brightheart, Convey Health, Greenbrook TMS, Icad, Prophase Labs.
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Nirsense cognitive monitor
Patents

Nirsense develops wearable for monitoring cognitive state

Jan. 30, 2024
By Simon Kerton
Inventors affiliated with Nirsense LLC, are designing somatic and cerebral oximetry devices using functional near-infrared spectroscopy (fNIRS). They have filed for patent protection of wearable systems capable of detecting both optical and non-optical biometric properties of a user to determine their cognitive state.
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Laptop displaying FDA logo

FDA draft for third-party EUA reviews lacks timeline commitments

Jan. 30, 2024
By Mark McCarty
The U.S. FDA has redrafted an existing guidance for third-party reviews of 510(k) submissions to include submissions under the emergency use authorization (EUA) program, which generally speaking should be good news. The problem with the draft is that these third parties will have to interact frequently and substantively with the FDA in EUA reviews, and the lack of prescribed timelines in the FDA draft suggests that while the use of third parties may help the agency manage any future EUA workloads, the total turnaround time for these applications might not be significantly better than was seen during the COVID-19 pandemic.
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Motif Neuro DOT

$27M brightens treatment resistant depression outlook

Jan. 30, 2024
By Annette Boyle
Despite the approval of dozens of antidepression medications, an estimated 30% of individuals who experience major depressive disorder (MDD) fail to respond to treatment despite repeated trials. As about one in eight individuals will experience MDD in their lifetime, investors and researchers have leapt into the gap to find and fund better ways to match treatment to patients, develop non-pharmacological therapies and improve outcomes.
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Phillips Recall Mask BiPAP CPAP

Philips consent decree with FDA will halt sales of sleep apnea devices

Jan. 30, 2024
By Shani Alexander
Royal Philips NV agreed with the U.S. FDA to the terms of a consent decree focused on its Respironics business, following the recall of millions of its devices over the last few years. Although the details of the decree are being finalized, Philips said it will halt the sales of new continuous positive airway pressure (CPAP) and bilevel positive airway pressure (BiPAP) sleep therapy machines as well as other respiratory care devices in the U.S. until the conditions of the decree are met.
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US FDA expands guidance on race, ethnicity data in trials

Jan. 29, 2024
By Mari Serebrov
In keeping with federal standards for classifying race and ethnicity data, the U.S. FDA issued a draft revision to broaden its 2016 guidance on the collection of such data in clinical trials.
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Med-tech gainers and losers for Jan. 22-26, 2024

Jan. 29, 2024
The top 10 med-tech stock gainers and losers for the week.
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Product image

FDA accepts Novocure’s PMA application for lung cancer treatment technology

Jan. 29, 2024
By Shani Alexander
The U.S. FDA accepted Novocure GmbH’s premarket approval (PMA) application to use its Tumor Treating Fields (TTFields) technology together with standard systemic therapies to treat non-small cell lung cancer (NSCLC) following progression on or after platinum-based therapy. Novocure hopes that the application, under review, will get the green light and the therapy, which uses electric fields to disrupt solid tumors and kill cancer cells, will be on the market in the second half of 2024.
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Neurolace

FDA clears non-invasive Neuralace therapy for diabetic neuropathy

Jan. 29, 2024
By Annette Boyle
Neuralace Medical Inc. tied up a second U.S. FDA clearance for its Axon therapy, adding painful diabetic neuropathy (PDN) to the chronic nerve pain indication it received in 2021. An ‘electroceutical’ device, Axon employs non-invasive magnetic peripheral nerve stimulation (mPNS) to provide relief without leads, injections or implants.
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