Genetesis Inc. nearly doubled its total funds raised to $40 million with a $17.5 million series C financing round to support new clinical trials and commercialize its magnetocardiography system, Cardioflux. Mithril Capital led the round with participation from another new investor, Cercano Management, as well existing investors Jobs Ohio Growth Capital, Ohio Innovation Fund and Cincytech. Read More
Guangdong Pulse Medical Technology Co. Ltd. received marketing approval from China’s NMPA for its left atrial appendage (LAA) closure product called the Leftear occluder system. Read More
The European Commission (EC) has proposed updates to rules regarding product liability, one of which is an update to strict liability policy for pharmaceuticals (and presumably medical devices) that would expand the term of liability to 15 years. The proposal for artificial intelligence (AI) liability would up the ante on transparency into these algorithms, and the combination of the two novel policies would suggest that life science companies may face a more uniform, but potentially more hazardous legal landscape in the EU should these proposals be adopted. Read More
A new ultrasound-based technique has been developed to overcome the shortcomings of conventional X-ray mammography in screening younger women whose breast density is high. Read More
New hires and promotions in the med-tech industry, including: BBS-Bioactive Bone Substitutes, Cytosorbents, Hyperfine, Integra Lifesciences, Iradimed, Juno Diagnostics, Samsung. Read More
Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Capitainer, Drake Medical, Genesis Medical, Kartos Therapeutics, Oncocyte, Platinum Healthcare, Rockley Photonics, Siemens Healthineers, Tempus Labs, Todos Medical, Ultra Select Medical. Read More
