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Medical Device News Magazine delivers the latest updates from the medical device and biotechnology sectors. We take pride in offering high-quality, in-depth content, crafted by a team of experienced professionals. Our goal is to provide a unique perspective on the trends and innovations driving the future of medical technology. By reading our articles, you’re not only gaining exclusive industry insights but also becoming part of a community committed to advancing healthcare through groundbreaking technologies. Explore our content and consider partnering with us for advertising opportunities!
Medical Device Industry News: Latest Developments, Breakthroughs, and Future Outlook
Alcon Elevates Vitreoretinal and Cataract Surgery for Superior Efficiency* with UNITY VCS and UNITY CS
The new, versatile platform offers two configurations, a combined console (VCS) as well as a standalone cataract system (CS). This platform is designed to deliver superior efficiency for vitreoretinal and cataract surgery, while enabling exceptional outcomes for patients.
Veracyte Announces Expanded Availability of Decipher Prostate Test to Patients with Metastatic Prostate Cancer
The Decipher Prostate test, already widely used for patients with localized disease, is now the only gene expression test available and covered by Medicare to inform treatment decisions for patients across the full continuum of prostate cancer risk.
Announcing RED® 72 SILVER LABEL | Now Featuring Penumbra’s Latest Engineering Enhancements Designed for Seamless Navigation
The new RED 72 SILVER LABEL with SENDit® Technology has shown a remarkable 50% increase in trackability over the original RED 72 with SENDit Technology.
BD Launches Industry-First Bioabsorbable Mesh Designed for Umbilical Hernia Repair
Phasix™ ST Umbilical Hernia Patch leverages same surgical technique as permanent mesh procedures
Clinical Trials
Aethlon Medical Receives Second Ethics Committee Approval for Hemopurifier Cancer Trial
The Hemopurifier Cancer Trial will be conducted by Dr. Marco Matos and his staff at the Pindara Private Hospital, located in Queensland, Australia.
New Studies Validate the Value of Brainomix AI Technology Across US Stroke Networks
The latest research, in collaboration with the Mayo Clinic, West Virginia University, and Boston Medical Center, highlighted some of the cutting-edge, AI-enabled technology that the Oxford-based company has developed within its pipeline for the Brainomix 360 Stroke platform, representing groundbreaking capabilities that will enable physicians to extract maximal value from universally available non-contrast CT scans across stroke networks.
Teva Pharmaceuticals and Sanofi Announce Accelerated Timeline for Anti-TL1A Phase 2b Program in Patients with Inflammatory Bowel Disease
Patient enrollment in the RELIEVE UCCD (ulcerative colitis and Crohn’s disease) Phase 2b trial has completed early due to significant acceleration in patient recruitment. As a result, Teva Pharmaceuticals and Sanofi now anticipate having topline results for both UC and CD in Q4 2024, and detailed results will be presented in a scientific forum in 2025. This adjustment replaces the previously planned interim analysis for the second half of 2024, which will not be conducted. Teva and Sanofi are collaborating to co-develop and co-commercialize duvakitug for moderate-to-severe UC and CD patients.
Biotechnology News
BioHub Maryland Opens New Biopharma Workforce Training Center in Montgomery County’s Life Sciences Corridor
BioHub Maryland is a skills-first workforce development initiative of the Maryland Tech Council (MTC), the state’s largest life sciences and technology trade association. Its mission is to accelerate the growth of the life sciences industry by expanding the state’s biopharma manufacturing talent pipeline.
TMRW Life Sciences and Cryoport Systems Form Strategic Partnership
“This partnership with Cryoport reflects our dedication to providing patients and clinics with the highest standard of care,” said Louis Villalba, TMRW’s CEO. “Cryoport’s reputation for excellence in reproductive biologistics, paired with TMRW’s cutting-edge specimen management technology and safety certifications, delivers unmatched security and peace of mind for transporting specimens in the fertility space.”
Revolo Biotherapeutics Shares New Preclinical Data Showcasing the Potential of Sublingual ‘1104 in Allergic Disease
Revolo Biotherapeutics notes additionally, the data continues to demonstrate the differentiated upstream MOA of ‘1104, restoring immune homeostasis by impacting both the effector and regulatory arms of the immune system with a persistence of effect for multiple weeks.
Our Experts – Byline Articles
Read Their Views & Share With a Colleague or Two!
Digital Pathology Reaches an Inflection Point as AI Targets Workflow Gaps | By Yair Rivenson, PhD Founder and CEO, Pictor Labs
Laboratories face mounting pressure to modernize imaging, preserve tissue, and reduce sequencing failures as adoption continues to move at a glacial pace
FIZE Medical Launches 5,000-Patient Retrospective Study to Further Establish the benefits of using FIZE kUO in managing ICU patients’ Hemodynamic status
By continuously capturing renal function patterns, the study aims to demonstrate how FIZE kUO® can provide data for early signs of instability that are often missed by intermittent measurements
Skin May Become the First Organ to Fulfill the Promise of Regenerative Medicine | By Dr. Ned Swanson – President & Chief Medical Officer of PolarityBio
The field of regenerative medicine may be on the cusp of an evolution, and due to the unique attributes of skin and wounds, the largest organ in the body may be emerging as a leader
FDA Medical Device Updates
Comprehensive Insights into Medical Device & Biotechnology Company Mergers, Acquisitions & Funding
E Tech Group Secures New Investment from Graham Partners, Sets Stage for Continued Growth and Innovation
With this new investment partnership, E Tech Group expects to accelerate organic growth and acquisition to become a top system integrator in North America.
ROM InWest Invests €1.5 million into AI and Computer Vision Company Kepler Vision Technologies
The investment will allow ROM InWest to further distribute its fall detection product globally.
Sensorion Announces a €15 Million Financing, Extending Cash Runway Until the End of 2025
Nawal Ouzren, Sensorion’s Chief Executive Officer, said: “We are thrilled to announce another successful capital raise, securing an additional EUR 15 million to accommodate interest expressed by certain existing investors. This builds on the earlier EUR 50 million financing announced in February 2024, adding up to a total of EUR 100 million raised in less than 9 months. With this new financing, we are well-positioned to accelerate our gene therapy programs, including the progression of SENS-501 through its Phase 1/2 clinical study, Audiogene, and the advancement of our second program, GJB2-GT, towards Clinical Trial Applications submission in H1 2025. The capital increase enables the Company to finance its activities until the end of 2025. We remain deeply thankful for the ongoing support of our shareholders and partners as we strive to make a meaningful difference in the lives of those affected by hearing loss disorders.”
Kryptos Biotechnologies Secures $10 Mil in Series A Funding | Funds to Be Used for Clinical Studies and FDA Approval of their Molecular Diagnostics System
Strategic Investor, Osang Healthcare will partner with Kryptos Biotechnologies for the manufacturing and distribution of the product along with financing.
Market Reports
Advancements in Imaging
Combining best-in-class AI-powered Technologies for Musculoskeletal (MSK) Imaging Workflows – ImageBiopsy Lab and Radiobotics sign Collaboration Agreement
Dr. Richard Ljuhar, CEO and Co-Founder of ImageBiopsy Lab, explains, “Before even considering the use of AI, it’s crucial to grasp physicians’ diagnostic workflow and needs. For this purpose we’ve closely collaborated with leading MSK radiologists, orthopaedics, and traumatologists over the past years. We’re committed to revolutionizing the entire MSK diagnostic value chain for practitioners, patients, and healthcare systems.
Lunit’s AI-Powered Mammography Analysis Solution Achieves Comparable Diagnostic Performance with Human Readers
“This first study to apply the Personal Performance in Mammographic Screening (PERFORMS) scheme to AI algorithms marks a remarkable achievement, showcasing our AI’s ability to match human performance in detecting breast cancer. It offers hope to patients worldwide and underscores AI’s potential to enhance cancer detection and treatment outcomes,” said Brandon Suh, CEO of Lunit.
Philips Extends its Mobile C-arm Range with Zenition 30, Alleviating Staff Shortages by Empowering Surgeons with Greater Personalization and Control
Mobile C-arms are X-ray systems that are brought into the operating room (OR) to provide live image guidance during a wide range of clinical procedures which include orthopedics, trauma, spine, pain management and other surgical procedures.
Hospitals In the News
Medical Device and Biotechnology Executives: Innovative Professionals on the Move and Making Waves in the Industry
Non-Profit News
Healthcare - Understanding the Business Side of the Industry and Its Implications
Incorporate a Company in a Respectable European Jurisdiction: Welcome to Madeira!
This post is devoted to Madeira, a Portuguese island where there is a free trade zone that attracts entrepreneurs from all over the world. This is a great place for company incorporation if you want to combine a well-reputed European jurisdiction and benefits typical of the best tax havens available.
A/B Testing in Healthcare Software Development: Why Your Business Needs It Today
As any company in the healthcare software industry will attest to, businesses often have to test the waters of their market or audience before committing to any major design decisions.
From Language to Life: The Vital Role of Medical Translators in Global Healthcare
This article will explain how medical translation services effectively change global healthcare with their transformative role.
How Outsourcing Data Entry Services Elevates Healthcare Efficiency
Discover the power of LinkedIn data mining for boosting business success. Learn key insights and strategies in this informative guide.
Healthcare Careers
Interested In Healthcare Work? Here’s How To Get Started
What healthcare work are you interested in? Do you want to be a nurse, a doctor, or maybe an occupational therapist? Whatever healthcare career path
Nurses Corner
Transforming Healthcare: The Role of Advanced Practice Nurses in Patient Care
The healthcare system is constantly evolving, and advanced practice nurses (APNs) are at the forefront of this change. Registered nurses who have undertaken further education
Top Ways To Advance As An Experienced Nurse
Are you an experienced nurse looking to take your career to the next level? As a healthcare professional, it can be difficult to know what
Palomar Health Launches $100,000 Nurse Incentive and Recruitment Program
Palomar Health is committed to reimagining the patient experience with the help of its world-class team, raising the bar for its organization, and leading the way with new programs in healthcare, from inside the hospital walls to in the community and beyond.