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Home » Newsletters » BioWorld MedTech

BioWorld MedTech

March 28, 2023

View Archived Issues
US-budget-spending-money.png

Biden administration’s budget proposal for FY 2024 takes a hit on the Hill

The Biden administration’s budget proposal for the U.S. federal government’s 2024 fiscal year is undergoing the usual vetting in Congress, and one hearing each in the House and Senate suggest the proposal will gain little or no traction on Capitol Hill. However, supporters of the National Institutes of Health (NIH) may be cheered by the fact that one of President Biden’s own party, Rep. Rosa DeLauro (D-Conn.), blasted the proposal for offering only a 2% increase in the NIH budget, a sign that the agency will receive a substantial boost in monies yet again in FY 2024. Read More
Drug R&D concept image.

Sofinnova unveils strategy to back digital medicine startups

Sofinnova Partners launched a new investment strategy focused on digital medicine in a sign that investment in European startups, especially those at the intersection of biology, data and computation is returning. “It cannot be stressed enough that there is a need in the market for this,” said Edward Kliphuis, partner in the Sofinnova Digital Medicine Strategy. Read More
Enhanced MRI imaging using Prostatid.

Bot Image’s AI scores an FDA hat trick with clearance to diagnose, detect and monitor prostate cancer

The U.S. FDA gave Bot Image Inc. a coveted threefer with 510(k) clearance for its Prostatid artificial intelligence (AI) software for detection, diagnosis and monitoring of prostate cancer using both standard MRI and a non-invasive bi-parametric MRI, which does not require a contrast agent. Read More
Map of Australia with pills, vials and syringe

Aussie government deploys new $50M fund to invest in early-stage biotech, med tech

The Australian government will deliver $50 million to a new biomedical and med-tech incubator (BMTI) program for health discoveries spanning early-stage drug development through to cutting edge medical devices and evidence-based digital health technologies. Read More
Lab research with pipette, microsope

Orakl developing in vitro diagnostic test using organoids for colorectal cancer

The Gustave Roussy cancer center, specializing in cancer treatment, and its technology transfer subsidiary Gustave Roussy Transfert, reported the creation of startup Orakl SA, which develops a technology for modeling cancer tumors called the patient tumor avatar. Orakl leverages a unique collection of patient tumor avatars, combining biological and clinical data to fuel the therapeutic arsenal to fight cancer. Read More

Appointments and advancements for March 28, 2023

New hires and promotions in the med-tech industry, including: Cerevasc, Conventus Flower Orthopedics, Elucid, Omnimed. Read More

Financings for March 28, 2023

Med-tech firms raising money in public or private financings, including: Jin Medical, Kayentis, Sirius Medical. Read More

In the clinic for March 28, 2023

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Pulnovo Medical. Read More

Other news to note for March 28, 2023

Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Bimini Health, Biocorp, Cryoport, Digital Diagnostics, Freenome, Health2sync, Infandx, Novo Nordisk, Prelude, Seegene, Sqi Diagnostics. Read More

Regulatory actions for March 28, 2023

Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Bot Image, Icecure Medical, Q'Apel Medical, Vaporox. Read More

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