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Home » Newsletters » BioWorld MedTech

BioWorld MedTech

Aug. 6, 2021

View Archived Issues
Acquisition target

Medtronic’s $1.1B buy of Intersect would solidify its footprint in ENT space

Medtronic plc reported it will acquire Intersect ENT, a deal that represents a major expansion of Medtronic’s footprint in the ear/nose/throat (ENT) space. Intersect’s products for chronic rhinosinusitis will give Medtronic access to a medical market said to be among the top 10 most expensive conditions for employers, with a potential patient population of 35 million in the U.S. alone. Read More
Atrial fibrillation illustration

Microport raises $150M in series C for CRM business

Microport Scientific Corp.’s cardiac rhythm disorders subsidiary, Microport Cardiac Rhythm Management Ltd. (Microport CRM), has confirmed agreements for a series C financing that would net it total investment proceeds of $150 million. Hillhouse Capital Group and Microport will co-lead the series C investment with investments of $20 million and $47 million, respectively. Read More
3D illustration of Bivacor implanted in chest

MRFF funds Australian research team to develop Bivacor total artificial heart and new technologies

PERTH, Australia – The Australian government’s Medical Research Future Fund (MRFF) has funded a new program called the Artificial Heart Frontiers Program that aims to develop and commercialize a world-first durable total artificial heart. The Medical Research Future Fund has provided A$1 million (US$739,000) in funding that will establish the program over the next five years. Read More
Swift Medical’s mobile app

Swift Medical raises $35M to break silence around wound care technology

TORONTO – A “silent epidemic” all but “ignored” by medical technology developers. That’s how Carlo Perez, founder and CEO of Swift Medical Inc., described the hesitancy of the industry to directly tackle chronic wound care through development of more advanced medical imaging and diagnostic systems. Undaunted, U.S. and Canadian investors have raised $35 million in series B funding to advance development and uptake of Swift Medical’s own AI-powered, digital wound care platform. Read More
Sample rendering of Sievrt

Health Canada likes what it sees in Sievrt VR radiology platform

TORONTO – Health Canada has green-lighted an all-in-one virtual reality (VR) platform for use in diagnostic radiology. Software developer Luxsonic Technologies Inc. said the award of a class II medical device license to its mobile Sievrt suite of diagnostic tools is the first time a VR system of this kind has been approved by a national regulatory agency. Read More

Appointments and advancements for Aug. 6, 2021

New hires and promotions in the med-tech industry, including: Guardant Health, Nephrosant, Outset Medical. Read More

Financings for Aug. 6, 2021

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

Med-tech gainers and losers for Aug. 2-6, 2021

The top 10 med-tech stock gainers and losers for the week. Read More

Other news to note for Aug. 6, 2021

Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Echonous, Lyra Therapeutics, Us2.ai. Read More

Regulatory actions for Aug. 6, 2021

Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Becton Dickinson, Certest Biotech. Read More

BioWorld MedTech Patent Highlights: Week 30

BioWorld MedTech presents Patent Highlights, an excerpt of the most important med-tech patents from this week's Cortellis Patents Gazette. Read More

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