MEDICAL DEVICE NEWS MAGAZINE

Located in the United States, Medical Device News Magazine reports the latest medical device, biotech/diagnostic industry news. Medical Device News Magazine includes medical device product launches, clinical trials, funding, acquisitions, executives on the move, FDA announcements, and more. Medical Device News Magazine is a fast, 1,2,3, easy read! Contact Medical Device News Magazine today!

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FACT.MR Market Reports

High Acceptance of Advanced Healthcare Equipment Promoting Growth of a-Si X-ray Flat Panel Detectors | Fact.MR’s Medtech Analysis

Big data and analytics will drive patient outcomes in a big way, and the coming years will witness a growing emphasis on healthcare service providers in the business of gathering and processing patient health data.

Medical Device News Magazine

Breaking News

mJOULE Launches in the United Kingdom Reports Sciton

"Sciton is dedicated to worldwide support and growth. We continue to demonstrate our commitment to developing high quality devices and marketing efforts for our physician and medspa partners worldwide." says Lacee J. Naik, Vice President of Marketing and Public Relations.

Aspen Surgical Products Acquires Stork® Labor and Delivery Products

Founded in 1958, the Stork line of products includes high-quality, branded sterile disposable obstetric products

Cano Health Acquires University Health Care for $600 Million and Increases 2021 Adjusted EBITDA Guidance to Over $100 Million

Company now projects full year 2021 adjusted EBITDA between $100 million and $110 million

Oak Hill Capital Acquires Majority Stake in Technimark Holdings LLC

Technimark is headquartered in Asheboro, North Carolina.

Garwood Medical Devices Concludes its Third Round of Funding (Raised an Additional $4M)

Garwood Medical has now raised $11.4 million, including $3.8 million in the Series B round, which closed October 2019 and was over-subscribed by $800,000. The company raised an initial $3.6 million during the company's Series A financing round, which closed in September 2016. Funds raised will continue to support pre-clinical testing.

FineHeart Raises €15 million Series B Funding

The First In Human implantation of the ICOMS FLOWMAKER® is assured following this financing.
"Sciton is dedicated to worldwide support and growth. We continue to demonstrate our commitment to developing high quality devices and marketing efforts for our physician and medspa partners worldwide." says Lacee J. Naik, Vice President of Marketing and Public Relations.
"This new clearance from the FDA further solidifies Irrisept as the market leader in wound irrigation," said Mark Alvarez, CEO of Irrimax.
Axon Therapy® is a non-invasively stimulate peripheral nerves and provide chronic nerve pain relief
The study was led by Dr. Randy Loftus, MD, an Associate Professor of Anesthesiology and Critical Care Medicine at University of Iowa Hospital and Clinics, and Dr. Franklin Dexter, MD, PhD, University of Iowa Professor in the Department of Anesthesia.
Henry Pinchbeck, CEO says: “It has long been our goal to standardize our processes by adherence to this internationally recognized standard."
Fusion Marketplace is a traveler-first driven platform giving healthcare professionals the power to make decisions in their careers that they haven't been able to in the past.
As the first phase in building this global entity, Veranex has acquired three complementary solution providers: Ximedica, Quartesian, and Boston Healthcare Associates. By bringing these companies together, Veranex combines the industry’s key pillars of design and engineering, regulatory, clinical, and market access into a single-source solution.
BeyMed is an emerging medical solutions company with a great potential,” said Amol Karnick, President and CEO of KA Imaging.
The UK-based, MENA focused, startup BASMA.com closed $3M in its Series A round of funding led by MEVP with the participation of SOSF, IM capital and returning investors iSME, Cedar Mundi Ventures and IFA capital.
This new state-of-the-art facility, expected to be operational in Q3 2021, greatly expands Confluent’s ability to provide customers with complex delivery systems for structural heart, neurovascular, and peripheral vascular applications.
Ansys® Redhawk-SC™ and Ansys® Totem™ power integrity platforms are certified for TSMC's industry-leading N3 and N4 process technologies. TSMC's certifications will help customers speed design flow convergence for Redhawk-SC and Totem.

Executives

Hyperfine Adds Medtech Leader and Visionary Scott Huennekens as Executive Chairman

Mr. Huennekens’ public boards include Chairman of Acutus Medical (IPO August 2020); Chairman of Envista (IPO September 2019); and board member of Nuvasive. He also serves as a board member and past Chairman of the Medical Device Manufacturer’s Association (MDMA).

One Drop Reports Carrie Siragusa, CPA Appointed VP of Commercial Strategy, Biosensor

Formerly Head of Innovation and Diabetes Portfolio at Sanofi, Siragusa will be part of a team bringing a multi-analyte dermal sensor (biosensor) with continuous health sensing capabilities to market with a mission to provide broader access to continuous glucose monitoring.

Barbara Moorhouse Appointed as Medica Non-Executive Director

Barbara has extensive business and management experience in the private, public, and regulated sectors.

Acquisitions & Mergers

Aspen Surgical Products Acquires Stork® Labor and Delivery Products

Founded in 1958, the Stork line of products includes high-quality, branded sterile disposable obstetric products

Cano Health Acquires University Health Care for $600 Million and Increases 2021 Adjusted EBITDA Guidance to Over $100 Million

Company now projects full year 2021 adjusted EBITDA between $100 million and $110 million

Oak Hill Capital Acquires Majority Stake in Technimark Holdings LLC

Technimark is headquartered in Asheboro, North Carolina.

CareDx To Acquire Transplant Hero Medication Management Application

Transplant Hero strengthens CareDx’s focus on the transplant patient journey and adds to its growing digital portfolio which includes a robust suite of cloud-based solutions and software for transplant centers and dialysis providers.

AliveCor Acquires CardioLabs

The acquisition is a cornerstone of AliveCor's mission to extend its comprehensive cardiological services to patients who are prescribed monitoring devices by their healthcare providers.

Abiomed Acquires preCARDIA

The preCARDIA system is uniquely designed to rapidly treat ADHF-related volume overload by effectively reducing cardiac filling pressures and promoting decongestion to improve overall cardiac and renal function.

Paragon 28 Acquires the Assets of Additive Orthopaedics

Also acquired as part of the transaction was Additive's internally developed, proprietary pre-operative surgical planning application to assist in surgical planning. 

Growth & Development

Garwood Medical Devices Concludes its Third Round of Funding (Raised an Additional $4M)

Garwood Medical has now raised $11.4 million, including $3.8 million in the Series B round, which closed October 2019 and was over-subscribed by $800,000. The company raised an initial $3.6 million during the company's Series A financing round, which closed in September 2016. Funds raised will continue to support pre-clinical testing.

FineHeart Raises €15 million Series B Funding

The First In Human implantation of the ICOMS FLOWMAKER® is assured following this financing.

Myra Vision, A Shifamed Portfolio Company, Closes $17M In Series A Financings

The financings were led by The Capital Partnership, with participation from Cormorant Asset Management and Shifamed angel investors. In conjunction with the financing, the company has changed its name to Myra Vision, Inc. from Myra Medical, Inc.

Market Reports

High Acceptance of Advanced Healthcare Equipment Promoting Growth of a-Si X-ray Flat Panel Detectors | Fact.MR’s Medtech Analysis

Big data and analytics will drive patient outcomes in a big way, and the coming years will witness a growing emphasis on healthcare service providers in the business of gathering and processing patient health data.

Demand for Prepackaged Medical Kits and Trays to Gain Momentum with Disposable Products Mandating their Use in Multi-specialty Hospitals | Unveils Fact.MR

According to a recent study by Fact.MR, the global prepackaged medical kits and trays market is expected to expand at over 8.5% CAGR during the forecast period of 2020 to 2030.

Endoscopic Vessel Harvesting Global Market to 2027 Insight: Featuring Cardio Medical, Karl Storz and Terumo Among Others

EVH Systems, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$293.7 Million by the end of the analysis period.

Sales of Scoring Balloon Catheter for Dialysis is Expected to Gain Steadfast Traction, Procuring an Annual Growth of more than US$ 200 Mn | Fact.MR

The growing prevalence of peripheral vascular and coronary artery diseases has fuelled demand for scoring balloon catheter devices in the healthcare sector. Moreover, increasing demand for medical devices equipped with enhanced technology is projected to impact the global market growth of scoring balloon catheter positively. Read more.

FDA Updates

FDA Issues Draft Guidance on Remanufacturing and Discussion Paper Seeking Feedback on Cybersecurity Servicing of Medical Devices

With this in mind, the FDA is issuing today's draft guidance to help clarify whether activities performed on medical devices are likely remanufacturing as well as a discussion paper on cybersecurity servicing of devices.

FDA Approves StrataGraft for the Treatment of Adults with Thermal Burns

The FDA granted StrataGraft regenerative medicine advanced therapy (RMAT), Priority Review and Orphan Drug designations for this indication.

FDA Alerts Health Care Providers to Stop New Implants of Certain Ventricular Assist Device System

Medtronic's decision to stop the sale and distribution of the HVAD follows the company's voluntary recall of a subset of the HVAD pumps in December 2020. The FDA will continue to monitor adverse events associated with the HVAD System and keep health care providers and the public informed as new or additional information becomes available.

Non Profit

ACC, HRS, Bristol Myers Squibb-Pfizer Alliance to Transform AFib Care in Underserved Communities

Atrial fibrillation (AFib) is the most common cardiac arrhythmia worldwide and a leading cause of stroke, heart failure, cardiovascular morbidity and sudden death. When AFib remains untreated, there is a fivefold higher risk of developing stroke and a twofold higher risk of death from stroke; however, up to one-third of patients experience no symptoms and are unaware they have AFib.

Blavatnik Family Foundation, New York Academy of Sciences Name 31 Finalists for 2021 Blavatnik National Awards for Young Scientists

The Blavatnik Awards for Young Scientists will celebrate the 2021 Blavatnik National Awards honorees in a ceremony on Sept. 28 at the American Museum of Natural History in New York.

American College of Cardiology Names Ravee Kurian COO/CFO

Kurian comes to ACC following a 20-year stint at Publicis Sapient, a leading technology and communications consultancy, where he led critical and sensitive digital transformation initiatives for Fortune 500 and U.S. federal clients.

Hospitals

Northwell Health Sends Vaccinators to Ecuador

At the request of Ecuador’s Minster of Health, and for the first time since the start of the pandemic, the Northwell Health CGH team traveled outside of the U.S. on June 13 to help get shots in arms relieve overburdened health care workers in the South American country who have been working around the clock in the race to vaccinate their population.

Cohen Children’s Medical Center ranked No. 1 in New York by US News

“For the past 15 years, our hospital has been ranked among our country’s top children’s hospitals and all of us are very proud of this ongoing achievement,” said Charles Schleien, MD, MBA, senior vice president and chair of pediatric services at Northwell Health, and the Philip Lanzkowsky Chair and Professor of Pediatrics at the Zucker School of Medicine at Hofstra/Northwell.

Patients Taking Anti-Inflammatory Drugs Respond Less Well to COVID-19 Vaccine

Published recently in Annals of the Rheumatic Diseases, the study addressed disorders that result when the immune system, meant to fight disease and drive healing, is triggered abnormally.

Other Articles of Interest

What Kind of Equipment is Used to Analyze DNA?

Below are some of a few basic processes followed throughout DNA testing. The general procedure entails:  • Isolating DNA from a sample containing the needed DNA of unknown origin, as well as isolating DNA from the test sample (e.g., blood,...

Latest Dental Industry Trends to Look Out For

Today's dentistry has advanced.

How Beneficial Are Supplements And Who Can Gain From Taking Them

A balanced diet usually provides the body with all the essential minerals, vitamins and other nutrients needed to sustain good health. However, everyone’s diet is different or someone may have a food allergy leading to a nutrient deficiency, and a popular solution to give your body a boost is dietary supplements.   

Vegan Supplements That Do The Job Good And Are Cost-Efficient

There has long been a debate over whether a vegan diet can provide enough nutrition in terms of minerals and vitamins for the human body to sustain itself to the fullest. The reason for this worry is simple: there are...

Sleepless Nights Can Leave A Mark: Learn Why Regular Sleep Is Necessary for Everyone

For a long time, some therapists, researchers, and even physicians ignored the importance of sleep to human development. Not anymore, though, as today, sleep has been figured as one of the crucial parts of human life. And not just...

What Happens During a Psychiatric Emergency?

Everyone knows how to deal with the situation when a family member or relative is physically unwell. However, when it comes to mental health, most families find it difficult to understand what the issue is, some may not even...
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