Freedom Meditech roped in $7 million in a Series B financing round in support of 2 diagnostic products for diabetes management, 1 already on the shelves and 1 still on the bench. The fundraising was joined by new and returning investors, including funders who participated in a $2.5 million round in 2009.
Newly appointed Siemens CEO Joe Kaeser is bullish about the company's prospects, calling Siemens "virtually unbeatable" – as long as it retains the right people. Kaeser, Siemens' former CFO who took over the corner office just last week, said in a recent shareholders letter that his top priorities at the moment are "to steer Siemens back into calm waters and build a powerful team."
In a small clinical study, researchers administered a new method for treating chronic wounds using a novel ultrasound applicator that can be worn like a band-aid. The applicator delivers low-frequency, low-intensity ultrasound directly to wounds, and was found to significantly accelerate healing in five patients with venous ulcers.
A new study reports that peripherally inserted central catheters (PICCs) do not reduce the risk of central line associated bloodstream infections (CLABSIs) in hospitalized patients. PICCs have become one of the most commonly used central venous catheters (CVCs) in healthcare settings since they are considered easier and safer to use, with less risk of CLABSIs.
Researchers at the Harvard School of Engineering and Applied Sciences (SEAS) have developed a way for photographers and microscopists to create a 3D image through a single lens, without moving the camera. Published in the journal Optics Letters, this improbable-sounding technology relies only on computation and mathematics—no unusual hardware or fancy lenses.
Theradome, a medical device company focused on bringing clinical-strength technologies to the consumer market, announces the release of its LH80 laser helmet to treat hair loss. This system, recently cleared by the FDA, was designed by world leading experts in hair loss, dermatological health, and biomedical engineering.
CorMatrix Cardiovascular, a leading medical device developer, today announced the receipt of three U.S. Patents for replacement heart valves that utilize unique biomaterial called extracellular matrix (ECM). The established leader in cardiac biomaterial, CorMatrix has more than 120 U.S. and international patent applications pending on various ECM-based compositions and structures.
MIT scientists have developed a new microchip that can quickly separate white blood cells from samples of whole blood, eliminating any preliminary processing steps—which can be difficult to integrate into point-of-care medical devices. The hope, the researchers say, is to integrate the microchip into a portable diagnostic device.
The U.S. Department of Defense awarded Danvers, Mass.-based device company NeuroLogica Corp. another year and a maximum of $12 million in a fixed-price radiological devices contract that may last as many as 7 years. The Philadelphia, Pa.-based troop support division of the DoD contracted NeuroLogica for the 3rd extension of a contract that can be renewed a maximum of 4 more times.
A collaboration between researchers at the U.S. Department of Energy’s Lawrence Berkeley National Laboratory and the University of Wisconsin-Milwaukee has combined Fourier Transform Infrared spectroscopy with computed tomography to create a non-destructive 3D imaging technique that provides molecular-level chemical information of unprecedented detail on biological specimens with no need to stain or alter the specimen.
Neurosurgeons at The Ohio State University Wexner Medical Center are among the first in the United States to successfully implant an MRI-safe spinal cord stimulator to help patients suffering from chronic back or limb pain. Neurosurgeons Dr. Ali Rezai and Dr. Milind Deogaonkar performed the surgery Aug. 5...
Hologic touted a new FDA clearance for its Single Energy Femur Exam, a test for finding rare, unusual femur fractures that pose a high risk to patients. The diagnostic exam is intended for patients that do not respond to bisphosphonates, drugs prescribed to prevent osteoporosis.
The welding of plastics using laser technology enables the rapid, clean result medical device manufacturers want. However, when welding clear or translucent plastics, additives must be used in order for the bond to occur. That is, until now. New laser technology enables these types of plastics to be welded without any additives being used.
ResMed got Wall Street's attention after posting record sales and income for its 4th quarter, but shares have dropped back down, and then some, since the initial rush last week. RMD shares were trading at $47.18 as of about 4 p.m. today, about 1% less than the $47.65 closing price the night before the company released its 4th quarter earnings.
Standex-Meder Electronics has announced that its MK02, MK11, MK21P, MK26, and MK27 series of reed sensors are now rated IP67. These five lines have achieved this demanding accreditation, which certifies that the sensors are both totally protected against dust and protected against the effects of immersion between 15cm and 1m.