Medtech venture investing trends: Here’s what you need to know

Ask any early-stage medtech or digital health entrepreneur, and they’ll tell you how tough it is. There’s tremendous competition for venture investing, coupled with a pullback by previously traditional investors in this space. Bill Evans While venture investment in medtech and digital health has recovered since the financial crisis of a decade ago — setting

Medical devices: When should you make them smarter?

The drive toward value in healthcare has increased demand for smarter medical devices able to provide information for real-time feedback, as well as after-the-fact analysis. So when does it make sense to actually make a medical device smarter? And how do you go about it? Tom KraMer, CEO of Kablooe Design outside Minneapolis, has a

Johnson & Johnson launches new self-shortening Dynacord suture

Johnson & Johnson through its DePuy Synthes franchise has announced the U.S. launch of its Dynacord suture for soft tissue repair in areas such as the rotator cuff in the shoulder. The Dynacord suture, available on Healix Advance anchors, is part of the DePuy Synthes Mitek Sports Medicine portfolio. J&J launched Dynacord today at the San

Bay Labs wins FDA clearance for AI-based echocardiogram analysis

Bay Labs has received 510(k) clearance from U.S. FDA for use of its EchoMD AutoEF software product to provide fully automated clip selection and calculation of left ventricular ejection fraction (EF), the San Francisco–based company said today. The EF is the percentage of blood leaving a heart each time it contracts. Bay Labs in its news release

Flexcon sees opportunities in the wearables market: Here’s how

Wearable medical device makers need adhesives that keep a wearable stuck to the user without damaging their skin. Officials at Flexcon (Spencer, Mass.) see opportunity. “Flexcon as a company has been focused on the graphics and labels business for 60 years. Now we see a core capability that we have in coating adhesives on films that

DreaMed Diabetes wins FDA authorization to market insulin therapy management platform

DreaMed Diabetes said today that U.S. FDA has granted a de novo request for DreaMed Advisor Pro, its AI-based diabetes treatment decision support software. The news comes about four months after the Petah Tikva, Israel–based company won CE Mark clearance for the decision-support platform, which is meant to help healthcare professionals manage insulin therapy for people with Type

Mack Molding investing millions into N.C., Vermont facilities

Mack Molding (Arlington, Vt.) recently announced that it is hiring and investing millions of dollars at its Statesville, N.C. facility and its three Vermont locations. “The resurgence of manufacturing in the United States is strong, and Mack has been aggressive in ensuring we are well-positioned to seize the opportunity presented to us,” Jeff Somple, Mack’s president,

Mean Well expands high-performance medical power supply line

Mean Well recently announced that it has extended its MSP line up to 1000 W with its MSP-1000 series. The MSP-1000 series shares the same mechanism of Mean Well’s MSP-600 series, according to the Fremont, Calif.–based company. The shared mechanism means that customers are able to replace a 600 W power supply with a 1000 W

Adhesives and medical devices: How to make sure things don’t go wrong

Too often the adhesive selection for a medical device is left to the end of a project. It doesn’t help that there are so many adhesives as to make the choice overwhelming. With so many potential negative outcomes, here are tips on making the right choice. Tony Kaufman and Del R. Lawson, Critical and Chronic Care

Traco Power announces 3.5 W medical dc-dc converters

Traco Power recently announced the release of their TIM 3.5 and TIM 3.5SM families of medical 3.5 W DC/DC converters  — in compact DIP 16 or SMD 16 package that measures only 0.95 x 0.57 x 0.40 in. The new converters are ideal for healthcare products where small size is required and parts are applied

More information out about One Discovery Square near Mayo Clinic

A new website is providing more details — including a new anchor tenant —for One Discovery Square, the roughly 90,000-square-foot biotech research, collaboration and innovation space under construction near Mayo Clinic in Rochester, Minn. Slated to open in April 2019, the four-story building is meant to be the first step in the creation of an innovation

Clinical Innovations purchases Australian distributor JB Medical Supplies

Labor, delivery and neonatal intensive care devices company Clinical Innovations (Salt Lake City) has acquired Australian distributor JB Medical Supplies. The deal, announced yesterday, is meant to bolster Clinical Innovations’ position in Australia. JB Medical Supplies will operate as a wholly owned subsidiary of Clinical Innovations. Financial terms of the deal were not disclosed. Clinical Innovations purchased JB Medical

Pro-Dex sells off Fineline Molds division

Pro-Dex (Nasdaq: PDEX) has apparently sold off its Fineline Molds division to a corporation created by the division’s general manager. Effective May 23, Irvine, Calif.–based Pro-Dex sold San Dimas, Calif.–based Fineline for $310,000 — $30,000 in cash upfront and the remaining $280,000 to be paid under the terms of a five-year promissory note, according to a

CoreLink buys Expanding Orthopedics and its expanding spinal fusion systems

Spinal implant systems maker CoreLink (St. Louis) said today that it has acquired the privately held Israeli medical device company Expanding Orthopedics and its FDA-cleared expanding and articulating FLXfit and FLXfit 15 titanium transforaminal lumbar interbody fusion systems. Financial terms of the deal were not disclosed. Besides acquiring the FLXfit and FLXfit 15, the Expanding Orthopedics

FDA launches medical device innovation challenge to combat opioid crisis

The U.S. FDA today announced that it has launched an innovation challenge to encourage the development of medical devices to help reduce the country’s opioid abuse crisis. The hope is that the challenge will result in new medtech including digital health technologies and diagnostic tests to help detect, treat and prevent addiction, according to FDA. Go