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Home » Newsletters » BioWorld MedTech

BioWorld MedTech

July 6, 2021

View Archived Issues
Merger-puzzle-pieces-arrow-hands.png

Surmodics expands thrombectomy line with $39.9M Vetex Medical deal

Surmodics Inc. has acquired Vetex Medical Ltd., a Galway, Ireland-based company focused on venous clot removal, for $39.9 million. The move gives Surmodics a second FDA-cleared mechanical thrombectomy device, Revene, to treat venous vasculature, adding to its Pounce arterial thrombus retrieval system. Founded in 2016, privately held Vetex’s sole product is the Revene thrombectomy catheter. The device received FDA clearance in December 2020 and CE mark approval in May for the mechanical declotting and controlled and selected infusion of physician-specified fluids, including thrombolytics – clot-busting drugs – in the peripheral vasculature. Read More
CEO Rob Sambursky holding Febridx

Lumos Diagnostics closes A$63M IPO to launch Febridx test in U.S.

PERTH, Australia – Rapid point-of-care (POC) diagnostics company Lumos Diagnostics Holdings Ltd. completed a A$63 million (US$47.44 million) initial public offering (IPO) on the Australian Securities Exchange (ASX) on July 5. “The funds raised will support U.S. commercialization of Febridx, to build our pipeline and to expand our operations so that we have the facilities and infrastructure in place to do automated assembly and manufacturing,” Lumos Diagnostics CEO Rob Sambursky told BioWorld. Read More
Website of The Federal Trade Commission

FTC continues to increase pressure on life science companies

The U.S. Federal Trade Commission (FTC) reported a series of moves recently that promise more scrutiny of companies in the life sciences industry, such as the more routine use of subpoenas and other compulsory processes during investigations. However, the FTC has also announced a broader revamp of the agency’s rulemaking authorities that some critics argue would allow the commission to promulgate rules that are in defiance of standing FTC practice. Read More
Doctor and patient

GE Healthcare collaborates with Sophia Genetics to better match patients to cancer treatments

GE Healthcare and Sophia Genetics SA partnered to develop new artificial intelligence (AI)-powered analytics and workflow solutions to improve patient matching with cancer therapies. Read More
Map of Europe highlighting Germany with its flag

Digital therapeutics market boosted by fast-track reimbursement in Germany

PARIS – One year on from launch, Digitale Gesundheitsanwendungen (DiGA), or digital health applications, are gaining widespread acceptance in Germany. Digital therapeutics (DTx) have been available since 2020 to the 73 million people in Germany covered by public health. Read More

Holiday notice

BioWorld's offices were closed in observance of Independence Day in the U.S. No issue was published Monday, July 5. Read More

Appointments and advancements for July 6, 2021

New hires and promotions in the med-tech industry, including: Cognito Therapeutics, Dermtech, Diality, Mirus. Read More

Financings for July 6, 2021

Med-tech firms raising money in public or private financings, including: Bio-Me. Read More

In the clinic for July 6, 2021

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Masimo, Torus Biosystems. Read More

Other news to note for July 6, 2021

Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Alamac, Avinger, Bio-Rad, Connect America, Meddiff Technologies, Philips, Ramsoft, Seegene, Sinomed, Vitalhub. Read More

Regulatory actions for July 6, 2021

Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Cytosorbents, Insightec, Siemens Healthineers. Read More

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