Two companies presented highlights of studies that demonstrated outstanding results for novel devices at last weekend’s American Diabetes Association’s (ADA) 83rd Scientific Sessions, while Embecta Corp. and Senseonics Holdings Inc. provided updates that position them well for long-term performance. Glyconics Ltd. revealed a fingernail scanning device that simplifies screening for diabetes and Fractyl Health Inc. showed that its Revita procedure reduced blood glucose levels and promoted weight loss. Read More
Israeli venture capital fund, Shoni Health Ventures, launched a new fund focused on startups specializing in digital health and medical devices. Recognizing that innovative solutions with the potential to improve global health may go unrealized as health tech startups struggle to attract early-stage investors, the fund is focused on investing in companies at the pre-seed and seed-stage. Read More
Isotope Technologies Munich SE (ITM) raised $280 million to support the expansion of its broad targeted radionuclide therapies oncology pipeline. This equity investment round was led by Temasek holdings Pte Ltd. with participation from Blackrock Alternatives, Qatar Investment Authority, Nextech Invest Ltd., Athos KG and Carbyne Equity Partners GmbH. Read More
Sometimes a merger or acquisition brings a device that has a set of indications for use that cannot be practicably expanded, but Nathan Downing of Gardner Law of Stillwater, Minn., said this is not always the case. Downing said that preliminary conversations between the two parties to mergers and acquisitions can clarify a lot about whether a particular device has ample room to grow. Read More
Vesalius Biocapital Partners Sàrl has called a first close on its fourth fund at €95 million (US$103 million) and now is targeting a total of €150 million, with new investors to be accepted on a "rolling closing" basis until the final close in 2024. Read More
Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Amplitude Surgical, Avanos, Changzhou Zhongjin Medical Equipment, Dermtech, Elios, Enovis, Integra, Intelligent Bio Solutions, Novastep, Shanghai Sdoma Smart Technology. Read More
Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Candela, Cresilon, Zap Surgical. Read More
