News

UPDATED: ReWalk squeaks by with $36M IPO as oncology device player Mevion files to raise up to $69M

ReWalk Robotics, which offers the first robotic exoskeleton for spinal cord injury patients to be cleared by FDA, raised $36 million in an IPO. It didn't wow investors too much--pricing below the anticipated range. Meanwhile, another medical device company stepped into the IPO queue; proton radiation therapy company Mevion Medical Systems filed to raise up to $69 million.

Medtronic receives 510(k) for new balloon catheter

Medtronic yesterday announced FDA 510(k) clearance of the NC Euphora Noncompliant Balloon Dilatation Catheter to encourage stent apposition to the artery wall.

Grading the Apple Watch's healthcare applications

Developers and healthcare professionals are looking out for any further developments from Apple's latest release, the Apple Watch.

Kimberly-Clark healthcare biz spinoff slated for Nov. 1

Kimberly-Clark's spinoff of its $1.6 billion healthcare business is scheduled to occur Nov. 1, with the launch of newly independent company Halyard Health.

AliveCor teams with India's Apollo Hospitals to offer smartphone heart monitoring

AliveCor, the maker of the first FDA-approved smartphone-based device to detect atrial fibrillation, is partnering with Apollo Hospitals to provide the monitor to patients throughout India.

Researchers develop 'electronic skin' for early breast cancer detection

Researchers from the Nebraska Center for Materials and Nanoscience at the University of Nebraska have created a thin electronic skin made of nanoparticles and polymers that can be applied to the breast and used to find and image lumps.

Abbott invests $60M in optics--its fastest growing device segment--with Malaysian plant

Abbott Laboratories will invest $60 million in an intraocular lens manufacturing plant in Malaysia. The plant is expected to employ about 500 people and to be operational next year, producing 1 million sets of IOLs a year.

Harvard gets DARPA grant to develop soft, mobility exosuit

The Defense Advanced Research Projects Agency awarded Harvard University engineers up to $2.9 billion to develop a robotic suit to make walking easier for soldiers and potentially civilians with disabilities, the university announced today.

Making the case for med tech valuations

Deals Labs Inc. has used a traditional funding approach in conjuction with hi-tech data analysis to connect startups with investors.

Blackberry to integrate medical devices in India

Blackberry is launching an ambitious project to integrate thousands of medical devices in India in order to detect illnesses earlier. 

Med tech M&A beware: Top Senate Democrats reveal plan to crack down on inversions

Amid growing action from U.S. lawmakers to curb corporate inversions, top Senate Democrats revealed a plan to rein in the deals that would allow med tech companies to shift their domiciles abroad for tax-paying purposes.

Scripps starts pilot study of AirStrip mobile medical app

Scripps Health has launched a pilot study of AirStrip One, a software system that delivers hospital patient-monitoring data to physicians' mobile devices. The 60-day pilot study, which is slated to end in early October, is intended to evaluate the potential for broader adoption.

ACLA head makes case against FDA LDT regulation to Congress

Alan Mertz, president of the American Clinical Laboratory Association, ripped into the FDA's proposal to regulate lab-developed tests yesterday in testimony to Congress during a hearing of the 21st Century Cures initative. 

Parkinson's diagnostics expand as FDA clears wearable, researchers unveil smartphone app

Researchers are applying the full range of mobile technology to Parkinson's disease diagnostics. This week a pair of new technologies came to the fore, with a wearable device is cleared by FDA and a smartphone app unveiled at the British Science Festival.

Study shows COPD device effective in deterring mucus buildup

Data from a study on a new nondrug treatment for chronic obstructive pulmonary disease offered evidence that Trudell Medical's Aerobika OPEP hand-held device is beneficial for COPD patients with recurring mucus buildup.

Scientist who discovered BRCA breast cancer gene advocates for systematic screening

A researcher key in understanding the role the BRCA1 and BRCA2 genes play in breast and ovarian cancer, Mary-Claire King of the University of Washington, has called for women to be screened for these genes at around age 30 as part of routine care. Her latest research suggests that these genetic markers offer as much insight as a family cancer history into the risk faced by a particular woman.

Boston Scientific dealt $73M blow in vaginal mesh case

Boston Scientific was dealt a crushing blow in its vaginal mesh saga, as a Texas state jury ordered the devicemaker to pay $73 million to a woman who claimed chronic pain and injury from the company's vaginal mesh implant.

iPhone 6 and Apple Watch demonstrate healthcare ambitions

Apple just unveiled the iPhone 6 and its Apple Watch, and as expected, both have major healthcare implications. CEO Tim Cook described the innovations in a much-anticipated announcement about the company's new products as it attempts to show that it can continue to innovate in the post-Steve Jobs era.  

Wearable device company releases developer tool kit to encourage app development

Wearable device maker Misfit Wearables unveiled its developer toolkit to encourage the creation of apps that link to its products. Thirty companies have said they will use the kit, including many developers of health and wellness apps.

Treasury secretary: Obama administration action on inversion coming up

Treasury Secretary Jacob Lew told the Urban Institute yesterday that "in the very near future" he will decide on steps President Obama can take to curb tax inversion deals without congressional action.