Proteus raises $50M to market its medication adherence system

Proteus Digital Health is a getting a bit long in the tooth for venture capital. It's just raised a $50 million Series H financing--that's pretty deep into the alphabet and brings its total raised to more than $220 million.

Smith & Nephew shareholders balk at $3M in exec bonuses

Shareholders of orthopedic implant specialist Smith & Nephew voted by a narrow majority of 53% to oppose the company's 2015 remuneration report.

FDA deems Vascular Solutions recall of hemostasis valve Class I

More than 5,000 hemostasis valves have been recalled by Vascular Solutions under a recall that's been deemed Class I by the FDA. That classification means the recalled device is a serious health risk or potentially could cause death.

MIT researchers create implant to deliver drugs to pancreatic tumors

Pancreatic cancer is usually treated with intravenous chemotherapy, but these injections often fail because the pancreas lies so deep within the abdomen. Now researchers from MIT and Massachusetts General Hospital have developed a minimally invasive implantable device that delivers chemo drugs directly to pancreatic tumors.

ResMed sues Chinese medical device maker for patent infringement in the U.S.

Respiratory and sleep breathing player ResMed has filed a patent suit against Chinese medical device manufacturer BMC Medical and 3B Products, its U.S. distributor. The San Diego, CA-based company alleges that both of BMC's flow generator products violate ResMed patents.

Brain implant, electrode sleeve reanimate quadriplegic's fingers

For the first time, a quadriplegic was able to move his fingers and hand with his own thoughts, using technology that allows brain signals to circumvent his injured spine and go directly to his muscles.

Duodenal resurfacing startup Fractyl Labs gets CE mark to treat Type 2 diabetes

Fractyl Laboratories has nabbed a CE mark for its duodenal mucosal resurfacing for metabolic diseases including Type 2 diabetes and fatty liver disease. The announcement came at the European Association for the Study of Liver conference in Barcelona, Spain, on April 15.

Report: Med tech venture rounds upsized but more sparse in Q1

Two of the three largest venture rounds in U.S. life science startups last quarter went to medical device companies. That's a bit of an unusual state of affairs for med tech--which sometimes has the reputation of getting investment in dribs and drabs to back tech that's none too innovative.

Researchers reveal pilot data for the first biodegradable MRI contrast agent--based on sugar

MRI contrast agents are often metallic--and have known toxicity issues with some shown to remain in the body longer-term as deposits in the brain.

Google's Brin says med tech Verily biz is profitable--and becoming more so: Report

Google parent company Alphabet has been slow to reveal financial details on its newer businesses. But now Google co-founder and Alphabet executive Sergey Brin is starting to offer some insights. He told company employees at a recent meeting that Verily, its med tech-focused business, is already profitable on a cash basis, tech pub Re/code reported.

UPDATED: Boston Scientific faces grand jury probe over allegedly counterfeit material for vaginal mesh

Boston Scientific is facing more pushback in its legal saga over vaginal mesh implants. Federal prosecutors are convening a grand jury to consider evidence that the company used defective counterfeit raw materials from China for its devices.

Pfizer backs biology-guided cancer radiotherapy startup in $46M Series B round

Reflexion Medical has raised $46 million to develop the first biology-guided radiotherapy system that offers targeted cancer treatment. Last fall, the Hayward, CA-based startup said it had created a prototype device that was ready to go into the clinic. This Series B infusion is earmarked for expanding the company's engineering, regulatory and commercial groups.

FDA slaps Focus Diagnostics with Class I recall over lab kits for herpes, strep tests

The FDA slapped Quest Diagnostic's Focus Diagnostics unit with a Class I recall over some of its lab examination kits after the tools produced inaccurate test results.

CMS tells embattled Theranos CEO to shape up or ship out: WSJ

Regulators have had a lot of strong words for Theranos CEO Elizabeth Holmes lately, and now, they're sending a new message to the leader of the embattled testing company: Get out.

Harvard team uses bacterial enzyme coating to extend life of implantable devices

The body's response to foreign material--forming blood clots and becoming inflamed--can prevent blood-contacting implants like stents and heart valves from working properly. While the only recourse is to replace the device, Harvard scientists have developed a new biochemical method to coat these devices to preserve their function.

Dx Digest: Epigenomics wins FDA approval for colorectal cancer test; NanoString and HalioDx team for immuno-oncology Dx

Welcome to Dx Digest, where FierceMedicalDevices highlights the highs and sometimes lows of the past week in the diagnostics industry. Testing heavyweight Siemens got an FDA nod for its Graves' disease (GD) test. Epigenomics also got a regulatory blessing for its colorectal cancer screening tool. Last but certainly not least, NanoString Technologies and HalioDx teamed up to develop immuno-oncology gene expression tests.

Medtronic divulges Type 2 diabetes outcomes data for MiniMed

Medtronic has released the latest study results from its MiniMed insulin pumps.

Flagship Ventures startup aims for FDA, EU approval of painless blood collection device by this summer

Seventh Sense Biosystems has started a pivotal trial of its novel microneedle painless blood collection device. It draws blood from the capillaries, without having to puncture a vein or fingertip. The goal is to offer a device that will easily facilitate point-of-care testing--obviating the need for standard blood draws in a dedicated diagnostics laboratory.

EC adds Cellnovo to R&D project to add artificial intelligence in Type 1 diabetes management

Cellnovo Group is already part of a major NIH trial for an artificial pancreas that incorporates its connected insulin pump-blood glucose monitor. Now, it's joining a European Commission-sponsored R&D project to develop new technology aimed at Type 1 diabetics.

Biotronik wins FDA approval for insertable cardiac remote monitor

Biotronik scored FDA approval for its insertable cardiac remote monitor, giving the company a boost in a crowded market. Regulators signed off on Biotronik's BioMonitor 2, a subcutaneous device that helps doctors flag and diagnose heart conditions including atrial fibrillation, ventricular tachycardia and fibrillation, and strokes.