Stryker Corp., of Kalamazoo, Mich., is continuing its string of buys, this time scooping up Shirley, Mass.-based Mobius Imaging LLC, which focuses on point-of-care imaging technology, and its sister company, Cardan Robotics. In an all-cash transaction, Stryker will pay about $370 million up front and up to $130 million of contingent payments associated with development and commercial milestones.
Edwards Lifesciences Corp.'s buy of Cas Medical Systems Inc. (Casmed) this spring appears to have borne fruit. The Irvine, Calif.-based company reported that the U.S. FDA has granted clearance for a smart cable enabling compatibility between the company's Foresight tissue oximetry (brain oxygenation) sensors and the Hemosphere advanced monitoring platform.
A little less than a year after it reported the final close of a series D financing, Miracor Medical SA, of Awans, Belgium, has been granted breakthrough device designation by the U.S. FDA for its Pressure-Controlled Intermittent Coronary Sinus Occlusion (PICSO) Impulse System for the treatment of ST-elevated myocardial infarction (STEMI) patients.
Men with low-to-intermediate grade tumors face a tough choice, with treatment choices that have adverse effects. Although laser ablation has offered an avenue of hope, the U.S. FDA has advised of the potential for tissue overheating in connection with MR-guided, laser interstitial thermal therapy systems.
Artificial intelligence (AI) has helped the med-tech industry in numerous ways. From genomics, to screening, to diagnostics, AI has made things easier for clinicians.
And that has caught the eye of investors. According to Mercom Capital Group LLC, as a whole, digital health venture capital funding in the second quarter 2019 jumped from the previous quarter ($3.1 billion raised in 169 deals vs. $2 billion raised in 149 deals).
Artificial intelligence (AI) has helped the med-tech industry in numerous ways. From genomics, to screening, to diagnostics, AI has made things easier for clinicians. And that has caught the eye of investors. According to Mercom Capital Group LLC, as a whole, digital health venture capital funding in the second quarter 2019 jumped from the previous quarter ($3.1 billion raised in 169 deals vs. $2 billion raised in 149 deals).
Warsaw, Ind.-based Zimmer Biomet Holdings Inc. scored a win at the FDA with the approval of the Tether for treatment of scoliosis, providing a fusionless alternative for younger patients.
Farmingdale, N.Y.-based Misonix Inc. is confident that it will complete a review of its entire supply chain and improve product availability after equipment sales slipped during the fourth quarter of fiscal year 2019. Stavros Vizirgianakis, the company's president and CEO, made this prediction during a call detailing quarterly and full-year results Wednesday.
