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Home » Newsletters » BioWorld MedTech

BioWorld MedTech

June 3, 2021

View Archived Issues
3D rendering of man wearing HVAD on heart

Medtronic halts sales of its HVAD system

Medtronic plc is ceasing global sales and distribution of its Heartware ventricular assist device (HVAD) due to safety concerns. The news sent Medtronic shares down about 1% in early morning trading. The Dublin-based company said it made the decision to stop selling the HVAD left ventricular assist device after clinical comparisons found a higher frequency of neurological adverse events, including stroke and mortality, with its heart pump device vs. other circulatory support systems. Read More
Illustration of Stentrode in brain

Synchron gathers series B $40M for minimally invasive implantable brain-computer interface

Synchron Inc. landed $40 million in new funding through a series B fundraising round led by Khosla Ventures. This round brings the total amount raised by the company to $59 million since its founding in 2016. Other participants in the round included Forepont Capital Partners, ID8 Investments, Shanda Group, General Advance, Subversive Capital, and Re.mind Capital as well as Arani Bose and Thomas Reardon. Returning investors included Neurotechnology Investors, Metis Innovative, and the University of Melbourne. Read More

Myra Vision raises $17M in series A round for new glaucoma treatment

Myra Vision Inc. has raised $17 million in series A financing and intends to use the funds to advance product development, scale infrastructure and expand its team in support of the glaucoma treatment device’s development. Its name was changed from Myra Medical Inc. along with the financing. Read More
FDA-yellow-dice.png

FDA, MDIC keen on ramping up early feasibility studies for neurological devices

Early feasibility studies for cardiology devices were a massive problem for the FDA and industry in times gone by, a problem that was believed to drive device flight from the U.S. That problem has been largely solved, according to the FDA’s Andrew Farb, but Farb noted that neurological devices are the next target for improved early feasibility study (EFS) development in the U.S., which suggests that the path to pivotal studies for devices in this space will soon be much less cumbersome. Read More
Cancer-cells.png

Breakthrough in blood test for cancer prognosis

A first-of-its-kind blood test that can detect whether cancer is absent, imminent, or present in different stages is on its way to the market. This is a claim made by brothers Ashish Tripathi and Anish Tripathi, who lead Singapore-based molecular diagnostic company Tzar Labs Pte. Ltd. and Mumbai-based Epigeneres Biotechnology Pvt. Ltd., respectively. Read More
Capitol2.png

Abbvie the face of Senate tax probe

Two weeks ago, it was a grilling by the House Oversight Committee over the pricing of blockbuster drugs Humira and Imbruvica and a request for the FTC to launch an investigation into Abbvie Inc.’s patent settlements that delayed Humira biosimilar competition in the U.S. until 2023. This week, Abbvie became the face of a new investigation by the Senate Finance Committee over how multinational companies are shifting profits overseas as a way to avoid U.S. taxes. Read More
Child, DNA, genomics illustration

Diverse cohort expands diabetes genomics

Data on the prevalence of diabetes in the U.S. show that non-Hispanic white people are least likely to suffer from the disease. Yet to date most genetic studies of the glycemic traits that are used to diagnose and monitor type 2 diabetes and cardiometabolic health have focused on individuals of European ancestry. Read More

Appointments and advancements for June 3, 2021

New hires and promotions in the med-tech industry, including: Dynatronics, Orthopediatrics, Paige, Signify Health, Verily, X2f. Read More

Financings for June 3, 2021

Med-tech firms raising money in public or private financings, including: Antidote Technologies, Etiometry, Lifemd. Read More

In the clinic for June 3, 2021

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Biolase, Motus GI, Philips, Senseonics. Read More

Other news to note for June 3, 2021

Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Aethlon Medical, Applied UV, Atos, Avricore, Baxter, Cardiac Insight, Caredx, Cigna, Cosmosid, Electromedical Technologies, Eurobio Scientific, Eurofins, GE Healthcare, Grifols, Gynesonics, Harrow Health, Huma, I.signal, Iceni Diagnostics, Invitae, Mhub, Nortech Systems, Novacyt, Novo Healthnet, Novo Integrated Systems, Nucleix, Olympus, Organx, Pamgene, Renalytix AI, RNA Disease Diagnostics, Sandwalk Bioventures, Viet My Instrument and Technology, Visionology. Read More

Regulatory actions for June 3, 2021

Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Avicenna.Ai, Ihealthscreen, Medtronic. Read More

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