All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
BD, Quest partner to develop cytometry-based companion diagnostics
BD and Quest will jointly develop an exploratory panel in addition to manufacturing and distributing FDA-approved diagnostic kits to provide the pharmaceutical industry with an end-to-end solution for CDx development
Imperative Care to raise $150m from Series E financing round
The medical technology company intends to use the funds to support its hypergrowth strategy and continue to invest in novel technologies and clinical evidence to measure the impact of these technologies on patient outcomes
Boston Scientific reports 24% rise in Q2 2024 net income to $324m
Boston Scientific reported net sales of $4.12bn for Q2 2024, a 14.5% increase compared to $3.59bn for the same quarter in 2023, and a 7% decline compared to $3.85bn for Q1 2024
Kestra secures $196m funding to expand its WCD portfolio
The medical device company will use the funds to advance the ASSURE WCD system, which enables autonomous detection and defibrillation for ventricular arrhythmias, along with other clinically significant arrhythmias
Owens & Minor to acquire medical equipment maker Rotech for $1.36bn
The acquisition strengthens Owens & Minor’s Patient Direct product offerings, provides access to the Durable Medical Equipment (DME) market, and allows the company to serve patients in large and fragmented markets
Quest Diagnostics reports 2% decline in Q2 2024 net income to $229m
Quest Diagnostics has reported net revenues of $2.39bn for Q2 2024, a 2.5% rise compared to $2.33bn for the same quarter in 2023, and a 1% increase compared to $2.36bn for Q1 2024
Strata Skin secures Japan’s MHLW approval for XTRAC Momentum device
XTRAC Momentum facilitates the precise delivery of targeted UVB light therapy to specific treatment areas on the skin, to treat inflammatory skin conditions such as psoriasis, atopic dermatitis, and vitiligo in both adults and children
Qure.ai secures Class 3 medical device licence from Health Canada
The licence approval from Health Canada allows Qure.ai to expand its footprint into the Canadian healthcare market, providing AI-powered tools that support hospital clinicians to deliver superior patient care
eCential Robotics Receives FDA 510(k) Clearance for Spine Navigation and Robotic-Assistance Device
eCential Robotics has developed an open, unified yet modular, and scalable 2D/3D imaging, navigation, and robotic platform
Australian Medtech EMVision Unveils Backpack-Sized Brain Scanner to Empower First Responders
The backpack-sized scanner weighs less than 25 lbs and will enable paramedics to scan and send images to stroke experts from the site of a suspected stroke