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Home » Newsletters » BioWorld MedTech

BioWorld MedTech

Feb. 21, 2023

View Archived Issues
Royal Philips headquarters

Philips’ ‘very disappointing year’ leads to forfeited executive bonuses

Royal Philips NV released a grim annual report for 2022 that showed a little willingness to share the pain of an unabashedly awful year for the health tech company, which has been plagued by a recall fiasco that has bled into multiple years. Shareholders lost much of their investment with the company’s more than 60% drop in market value in 2022, 10,000 employees faced job loss and all current members of top management waived their annual incentive payouts. Notably, former CEO Frans van Houten, who was replaced in October and oversaw the ill-fated recall, did not waive his bonus of $208,370. Read More
Previa Medical - SEPSIS SCORE platform

Previa raises funds for early sepsis detection software

Previa Medical SA will begin clinical trials later this year of its artificial intelligence software designed for early detection of sepsis after it raised €2.1 million (US $2.2 million) in seed funds. Read More
M&A cityscape

US FTC sites record-breaking number of mergers in annual report for 2021

The U.S. Federal Trade Commission (FTC) released its annual premerger notification report, this one for fiscal year 2021, during which more than 3,400 transactions were reported under the Hart-Scott-Rodino Act (HRS Act). Roughly 17% of these were valued at more than $1 billion, but the FTC is facing bad publicity with the resignation of the sole Republican member of the commission, Christine Wilson, who charged FTC chairwoman Lina Khan with abuse of power. Read More

UK joint registry shows increased risk of revision for certain Zimmer Biomet knee replacement devices

More than two months after a voluntary recall by Zimmer Biomet Holdings Inc. (ZBio), the U.K. Medicines and Healthcare products Agency (MHRA) issued an alert confirming the U.K. National Joint Registry has identified that there are higher revision rates for certain of the company’s total knee replacement prostheses, as compared to all other knee replacements in the registry. Read More
Anthony Fauci headshot

Fauci at CROI 2023: Viral spillover is forever, but pandemics are preventable

Anthony Fauci has retired from his position as director of the National Institute of Allergy and Infectious Diseases (NIAID) and as chief medical advisor to the U.S. president. But Fauci, who has advised every president since Ronald Reagan, continues to share his encyclopedic knowledge with the HIV research community, as he has since the beginning of the HIV pandemic. Fauci co-founded the first National Conference on Human Retroviruses and related infections in 1993. At the Opening Session of the 30th edition of the Conference on Retroviruses and Opportunistic Infections (CROI), he highlighted the advances that have collectively extended the life expectancy of newly diagnosed patients by decades. Read More

US FDA’s final amended rule for radiological products in force

The U.S. FDA recently proposed a modest overhaul of the rules pertaining to radiological products and other categories of products in an effort to eliminate duplicative or obsolete rules, such as a requirement for triplicate reports for variances in system performance. Read More

Med-tech gainers and losers for Feb. 13-17, 2023

The top 10 med-tech stock gainers and losers for the week. Read More

Holiday notice

BioWorld's offices were closed in observance of Presidents Day in the U.S. No issue was published Monday, Feb. 20. Read More

Appointments and advancements for Feb. 21, 2023

New hires and promotions in the med-tech industry, including: Casana, Delphinus, Lex Diagnostics, Medidata, Precisedx, Tactile Systems. Read More

Financings for Feb. 21, 2023

Med-tech firms raising money in public or private financings, including: Mirion Technologies, Xeltis. Read More

In the clinic for Feb. 21, 2023

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Glycomark, Masimo, Precision Diabetes. Read More

Other news to note for Feb. 21, 2023

Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Apyx Medical, Ascensia Diabetes Care, Snaq, Bracco Imaging, Eisai, Electrocore, Byond Healthcare, Hatch Medical, Endobar Solutions, Maternova, Medmira. Read More

Regulatory actions for Feb. 21, 2023

Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: BD, Expanding Innovations, Hyperfine, Methinks. Read More

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