Global MedTech Industry Weekly Review – April 24, 2023

Products

Medtronic receives FDA approval for MiniMed™ 780G insulin pump system with the Guardian™ 4 sensor requiring no fingersticks while in SmartGuard™ technology.

FUJIFILM Europe launches SCALE EYE, a virtual scale solution to support endoscopists in estimating the size of lesions in the colon.

Gyder Surgical’s Hip Navigation System Approved in Australia, a non-invasive (Pin-less) and Image-less smart navigation system for total hip replacement surgery using the Anterior Approach.

Maxtec launches MaxO2 ME+p oxygen & pressure monitor in the U.S. market.

GE HealthCare receives FDA Clearance for the patient monitoring platform, CARESCAPE Canvas, a FlexAcutity solution equipped with smart parameter technology that can be used for patients at all levels of acuity.

BIOTRONIK receives FDA approval for Prospera™ spinal cord stimulation system.

RapidAI receives FDA clearance for Rapid NCCT Stroke, using AI to analyze Non-Contrast CT (NCCT) images to determine suspicion of intracranial hemorrhage and large vessel occlusion of the distal internal carotid artery (ICA) and middle cerebral artery (MCA-M1).

Tenovi launches cellular-enabled remote peak expiratory flow meter, allowing patients with asthma to transmit PEF rate and FEV1 readings instantly to clinicians when combined with Tenovi’s Cellular Gateway.

Masimo receives FDA approval for the Rad-G® with Temperature, a rugged, versatile, handheld monitor that provides clinically proven SET® pulse oximetry, respiration rate from the pleth (RRp®), and other important parameters.

Strategy

Siemens Healthineers establishes a facility in Bengaluru, India, to manufacture MAGNETOM Free.Star MRI equipment.

Alphatec acquires robotic-enabled minimally invasive navigation system from Accelus at the price of $55 million.

Viemed acquires Home Medical Products, a large provider of respiratory-focused home medical solutions, to strengthen its respiratory care business.

Nordic Capital acquires a majority share in corpuls, an innovative medtech company specializing in emergency medical solutions and cardiac resuscitation with a key focus on the external defibrillator segment.

Segmed, NVIDIA, and RadImageNet collaborate for synthetic medical imaging data.

3M Health Information Systems and Amazon Web Services collaborate to accelerate the innovation and advancement of 3M M*Modal ambient intelligence. 3M will use AWS Machine Learning and generative AI services.

Philips HealthSuite Imaging is now available on Amazon Web Services (AWS). The two sides will also advance AI in healthcare to accelerate the development of cloud-based generative AI applications.

Financing

Caristo Diagnostics has secured a further £13 million in financing to advance CaRi-Heart® Technology, an AI-assisted diagnostics and risk prediction tool, into standards of cardiac care in major global markets.

Relievant Medsystems closes $50 million series G financing led by Ally Bridge Group. Relievant Medsystems’ minimally invasive Intracept Procedure is the only FDA-cleared treatment for chronic vertebrogenic low back pain.

Xenocor closes $10M series A Financing led by GenHenn Venture Fund I for the 2023 launch of the FDA-cleared Saberscope, which help improve visualization, dramatically diminish workflow complexity, increase safety and reduce waste.

Distalmotion Closes $150M Series F Financing led by Revival Healthcare Capital, to accelerate FDA approval and clinical experience in Europe for its robotic platform Dexter in general surgery, gynecology, and urology.

Scan.com closes $12 million series A Financing co-led by Aviva Ventures, YZR Capital, and Oxford Capital, to expand its operations in the US and develop bespoke products for UK insurers.

Noah Medical closes $150 million Series B Financing Led by the Softbank Vision Fund, to advance Galaxy System™, a single-use disposable bronchoscope poised to disrupt the lung biopsy market.