The U.S. Centers for Medicare & Medicaid Services (CMS) has wrapped up its rulemaking for the outpatient prospective payment system (OPPS) for calendar year 2024, bringing some good news and some bad news for the medical device industry. While Philips North America came home with a new technology pass-through (NTPT) payment for its Cavaclear device, Cook Medical Inc., was less fortunate with its Echo Tip device as CMS declared that the Echo Tip did not satisfy the substantial clinical improvement criteria for transitional pass-through payment.
Royal Philips NV received a second round of funding from the Bill & Melinda Gates Foundation to speed adoption of artificial intelligence (AI) algorithms on the Lumify hand-held ultrasound device, bringing its total commitment to the project designed to reduce maternal mortality to $60 million. Read More
After nearly two years with an acting director, the U.S. NIH now has a confirmed leader. The Senate voted 62-36 Nov. 7 to confirm Monica Bertagnolli, a cancer surgeon and researcher, as the next director of the research agency. Read More
Japan’s Yamaha Motor Co. Ltd. is driving efforts in precision medicine by spinning out antibody profiling business Tuning Fork Bio to analyze antibodies in blood to better visualize people's current health conditions.
Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: 10x Genomics, Abcam, Agamon, Alucent, Endomimetics, Foxo, Johnson & Johnson, MC Healthcare, Nanovibronix, Neurosigma, Owkin, Virtual-Ports. Read More
Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Soundwave Hearing. Read More
