Medtech Europe, the European trade association for the medical technology industry covering diagnostics, medical devices and digital health, has just adopted a new code of ethical business practice.

U.K.’s Angle plc has become the first company to receive a U.S. FDA product clearance for harvesting intact cancer cells for analysis. Angle reported it scored FDA clearance for its Parsortix system for the capture and harvest of circulating tumor cells (CTCs) from metastatic breast cancer patient blood. Shares in the AIM-listed company soared by more than 50% following the news.

Healthquest Capital Management Co. LLC closed its oversubscribed fourth fund at its hard cap of $675 million, positioning the equity firm to ramp up its investment at the “convergent points between medical technologies, diagnostics/tools, digital health and innovative services,” the company said.

Medtronic plc and Davita Inc. have agreed to form a new company focused on therapies for renal disease, which will require Medtronic to donate its current kidney care business to the new company. Davita in turn would have to produce $75 million in cash and another $25 million in other assets, but would also have to make as much as $300 million in other payments, depending on the accomplishment of certain milestones. The news comes as Medtronic reports mildly disappointing sales results for the company’s fourth quarter while opening a new front in the two companies’ presence in the renal disease space.

Ignoring congressional sentiment, U.S. Health and Human Services Secretary Xavier Becerra announced the formal establishment of the Advanced Research Project Agency for Health as an independent entity within the NIH.