These medtech companies raised the most VC last year

Perhaps there’s a ray of hope that venture capital funding is recovering a bit for the medical device industry. VC firms invested more than $2.8 billion in 2017, an increase of more than $647 million from 2016, according to the MoneyTree Report from PricewaterhouseCoopers (PwC) and CB Insights. There were a total 229 deals involving

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How blockchains could empower patients and secure data

Blockchains are best known as the technology behind cryptocurrencies such as Bitcoin. But the founders of a young Atlanta-based company called Patientory think they could have another important use – securing health data and empowering patients along the way. Secure access to patient data is a major issue for the healthcare industry. Patients have a

These nanosponges remove sepsis-causing bacteria from the bloodstream

California researchers have created a nanosponge that is designed to absorb and remove molecules that are known to cause sepsis. Researchers from the University of California at San Diego created macrophage nanosponges that are wrapped in the cell membranes of macrophages and can safely absorb and remove sepsis-causing molecules from the bloodstream. So far, the

How medtech could stop the drug overdose crisis in the U.S.

The opioid epidemic is one of the deadliest problems facing the U.S. today. Through the development of new pain management devices, medtech could be a leader in solving the crisis. The prescription opioid overdose crisis in America didn’t start until the late 1990s, when pharmaceutical companies touted prescription painkillers that weren’t supposed to be addictive.

This startup is bringing vision care to developing countries

PlenOptika, an MIT startup, has developed a portable autorefractor device that measures refractive errors of the eye and is able to estimate prescriptions in 10 seconds, bringing vision care to less accessible areas. The device, known as QuickSee, is more cost-effective than current technology and is currently on the market in India. “People at the

This test can detect when your body is fighting a virus

A test that measures the RNA or protein molecules in human cells is also able to detect when your body is fighting a viral infection from respiratory symptoms, according to Yale researchers. The test involves a nasal swab and could be a faster and cheaper way to diagnose respiratory viral illnesses. “It’s a simpler test

How smartphones can remotely monitor chemotherapy patients

University of Pittsburgh research has recently shown that smartphone sensors coupled with a specifically-developed algorithm could detect worsening symptoms in chemotherapy patients. The sensors offer a way for cancer patients to be remotely monitored. The sensors and algorithm can detect objective changes in patient behavior to determine if symptoms are getting worse. Indications of worsening

GE Healthcare, Lifespan ink data analytics deal looking to cut $182m in costs, improve patient care

GE Healthcare (NYSE:GE) and healthcare provider Lifespan said this week they inked a collaborative deal as Lifespan looks to use GE’s services and systems to reduce its costs by approximately $182 million while improving patient care. Through the deal, which is slated to cover six years, GE Healthcare will aid Lifespan in improving patient flow, increasing

Materialise and Formlabs want to bring more 3D printing labs to hospitals

Materialise (Leuven, Belgium) and Formlabs (Somerville, Mass.) have forged a partnership to help deliver cost-effective solutions to hospitals that want to start in-house 3D printing labs. The partnership combines Materialise’s Mimics inPrint medical imaging software with Formlabs’s Form 2 printers to create a complete 3D printing package that will help implement patient-specific care that is an affordable price-per-print. Using

River blindness successfully treated using smartphone-based microscope

A California research team has developed a smartphone-based microscope technology that can help diagnose and treat river blindness. River blindness is a disease that is caused by parasitic worms. The END Fund reports that about 37 million people had the disease in 2010 with more than 102 million people being at risk in Africa alone.

Value-based care: CMS’s new administrator wants more of it

Seven months into her tenure, CMS administrator Seema Verma is turning out to be highly supportive of value-based care models. In fact, she recently told an audience in Cleveland that she wants them implemented faster. The situation appears to dispel doubts that alternative payment models – such as Accountable Care Organizations or “comprehensive care” models for

Medtech stories we missed this week: Oct. 20, 2017

From InspireMD’s distribution deal to RenalGuard touting a new study, here are seven medtech stories we missed this week but thought were still worth a mention. 1. InspireMD inks Chile distribution deal InspireMD announced in an Oct. 12 press release that it has signed a distribution deal with CorpMedical Chile to distribute the MGuard Prime

The 11 most innovative medical devices of 2017

The nominees for the best medical technology of 2017 were recently announced for the 11th Annual Prix Galien USA Awards. The Galien Foundation, the host of the awards, hands out the the Prix Galien Award annually to examples of outstanding biomedical and technology product achievement designed to improve human condition. Before candidates can qualify for

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Less than half of healthcare professionals think medtech brands meet needs

Roughly two-fifths of healthcare professionals say medical device brands aren’t meeting expectations, and failure to offer flexible contract options is also a problem, according to a new survey from Vennli (South Bend, Ind.). The survey, called “Differentiating to Win in Medical Device Marketing,” polled over 9,000 physicians, dentists and other clinicians to figure out what

Medtech stories we missed this week: Oct. 6, 2017

From Intellijoint’s CE Mark to Patrona Medical and Kopis’ new partnership, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. Intellijoint CE Mark for flagship hip navigation Intellijoint surgical announced in an Oct. 4 press release that it has received CE Mark for its Intellijoint HIP System in