dilluns, 31 de desembre del 2018

What should the Mann Foundation do next?

Brad Perriello, executive editor – Medical at WTWH Media (left), interviews Dr. Robert Greenberg of the Alfred Mann Foundation at DeviceTalks West in Costa Mesa, Calif. [Image by WTWH videographer Graham Smith]

Dr. Robert Greenberg, the Mann Foundation’s new executive chairman, has ideas about where to take one of medtech’s top research and development outfits. He explained more at DeviceTalks West in December.

The new executive chairman of the Alfred E. Mann Foundation for Scientific Research sees the foundation continuing its mission of developing devices for unmet medical needs. The foundation for the first time is also inviting outside companies to use its resources.

Founded in 1985, the Valencia-Calif.–based foundation has launched several innovative companies, including Second Sight Medical Products (NSDQ:EYES), which makes devices for the visually impaired; cochlear implant manufacturer Advanced Bionics, now a subsidiary of Sonova Holding AG (SIX:SOON); and MiniMed, developer of a hybrid closed-loop insulin delivery system, now part of Medtronic (NYSE:MDT).

“It was essentially an incubator before the term ‘incubator’ even existed,” said Dr. Robert Greenberg, who took over as executive chairman in June 2018 after serving as non-executive chairman since 2004. (John Petrovich leads AMF as its CEO.)

Get the full story on our sister site, Medical Design & Outsourcing.

The post What should the Mann Foundation do next? appeared first on MassDevice.



from MassDevice http://bit.ly/2BSfwqC

‘Pacemaker for the brain’ could help people with epilepsy, Parkinson’s

[Image from iStockphoto.com/GuidoVrola]

A new neurostimulator developed by engineers at the University of California, Berkeley, can listen to and stimulate electric current in the brain at the same time, potentially delivering fine-tuned treatments to patients with diseases like epilepsy and Parkinson’s.

The wireless, artifact-free neuromodulation device (WAND) works like a “pacemaker for the brain,” monitoring its electrical activity and delivering electrical stimulation if it detects something amiss, according to the researchers.

Get the full story on our sister site, Medical Design & Outsourcing.

The post ‘Pacemaker for the brain’ could help people with epilepsy, Parkinson’s appeared first on MassDevice.



from MassDevice http://bit.ly/2CGdpYv

Korean ultrasound medtech dev Medi Futures raises $5m

Medi Futures

Korean medtech company Medi Futures said late last week that it raised approximately $5 million in a new financing round.

The round was joined by Samho Green Investment and ST Capital, alongside strategic investors from the U.S. and China, the Seoul-based company said.

“The sales volumes of Medi Futures’s medical devices currently stand at almost [$30 billion] and continue to grow at an annual rate of 12%. The devices are part of the minimal invasive medical field that is expanding globally. The advantages of these devices are that they minimize tissue damage and help patients recover more quickly. Given that 80% of the company’s sales come from overseas markets, the company is highly expected to continue to grow,” Samho Green Investment CEO Jo Soo-Bong said in prepared remarks.

Medi Futures said that it has developed and is commercializing ultrasonic endoscopic disk surgical instruments as well as enzyme-free ultrasound stem cell separators based on an ultrasonic tech platform. The company added that it has also developed and exported medical sutures with high-precision anchoring points.

“Based on its patented medical technology, Medi Futures shows great growth potential. The company is expected to expand its businesses in the global market and attract more investment,” Born2Global Centre chief exec director Kim Jong-kap said in a press release.

“It is meaningful that this investment comes 100% in the form of common stocks through strategic partnerships, rather than through simple financial investment. This investment is expected to accelerate FDA and CFDA approvals. Moving forward, we will continue to strengthen our strategy of global advancement to become the world’s number one company in our field,” Medi Futures CEO Kim Ji-Min said in a prepared statement.

The post Korean ultrasound medtech dev Medi Futures raises $5m appeared first on MassDevice.



from MassDevice http://bit.ly/2ViY1IY

Global Excellence in Delivery Device Testing

Introduction

There is a need for a fully-informed laboratory in combination device validation services. The ideal is a laboratory that understands both the pharmaceutical and medical device requirements; from extractables and leachables, through bioavailability, to dose accuracy and ease of use. A good pre-clinical partner/test facility, such as Medical Engineering Technologies Ltd. (MET, www.met.uk.com) can provide regulatory guidance and Design Validation Testing (DVT) to help assist in getting a product to the marketplace.

The process of generating performance and safety data should be planned to ensure efficient project management and to help reduce costs.

Design Validation Planning

The pre-requisites to developing a design validation programme are:

  • Competitor submissions review
  • Design inputs / targeted product performance
  • European and/or FDA Guidance review
  • Risk analysis
  • ISO /EN /ASTM/ ICH/ pharmacopeia standards review
  • (If this is a first foray into combination devices) A gap analysis of the Quality Managements System (QMS) and production processes and qualifications in place.

A review of existing product standards and Guidance, along with detailed risk analysis, is essential to defining test programmes. This approach ensures that all the necessary testing has been carried out, and can also reduce any unnecessary testing. Additionally, the key performance requirements must be identified in a product review; this includes design inputs and a literature review. To assist you in saving time and money, MET has developed standard study plans for a large range of devices.

These reviews and risk analyses can then be used to develop the test programme and design test protocols.

Developing a Protocol

The testing regimes in a DVT could include:

  • Assessment of hazards identified in the risk analysis
  • Bioavailability studies
  • Biocompatibility studies
  • Drug / container interaction analysis
  • Extractables and leachables studies, toxicological risk analysis
  • Human factors studies
  • Performance and dose accuracy assessments
  • Reference Listed Drug (RLD) comparison
  • Standard / FDA Guidance compliance testing

Gantt charts and a more descriptive plan, provided by your partner laboratory, keep you informed. These plans can include test cost, time requirements, sample numbers, and an indication of whether a test is essential (or just helpful).

MET testing plans shown below use a transdermal patch as an example and give an idea of the types of testing, sample sizes and time requirements that would need to be considered. These tables are not comprehensive.

Transdermal biocompatibility and chemical safety:

Transdermal  performance tests:

Transdermal distribution testing:

Design Validation Testing (DVT)

All planned tests will require agreed test protocols. These are developed by your test facility, with your approval.

The testing stage might be preceded by a Gauge Repeatability and Reliability (GR&R) study, to provide evidence that the test protocol is robust and that there can be confidence in the DVT results.

The use of a laboratory with ISO/IEC 17025 accreditation will ensure that there is a good, fully audited, QMS and that equipment is qualified and calibrated, whilst processes are subjected to internal audits. It is entirely possible that not all the tests will be specifically accredited. As long as these are carried out to an agreed protocol under the ISO/IEC 17025 QMS, there can be confidence in the results.

Reporting

Test reports can be succinct or extensive. For regulatory submissions, a Certificate of Analysis will be too brief whilst as 100 page report will not be helpful.

The report should include at least:

  • The test protocol (this can be an appendix)
  • The rationale for analyses included and excluded
  • Any deviations from test protocol
  • Details of equipment and technicians
  • Details of the product/s tested (batches, dates, description, etc…)
  • Test results
  • Summary

Summary

When developing a combination device, a pharmaceutical company must decide whether to carry out testing in-house or externally. There is no compulsion for independent testing, as long as a company’s own laboratory is fully equipped, has all the control systems in place, and will act without bias.

The advantages of using an experienced, well informed external laboratory are:

  • Clear independence
  • No capital costs
  • Efficiency of project management, testing and reporting
  • Good advice from a knowledgeable source.

Things to look for when selecting a laboratory are:

  • A good QMS and good quality control
  • Informed and helpful staff
  • Rapid, accurate responses to queries
  • Openness of access
  • A comprehensive range of services, in order to reduce multiple sourcing and adding several companies to your supplier list.

Medical Engineering Technologies (MET) has staff that have developed plans for many projects and a wide variety of devices. These have been successfully implemented within an ISO/IEC 17025 QMS, helping clients achieve a smooth entry into the market (www.met.uk.com).

The post Global Excellence in Delivery Device Testing appeared first on MassDevice.



from MassDevice http://bit.ly/2BW4WyO

Researchers design ingestible sensor for controlled drug release

MIT wireless pill

Image courtesy of the researchers

Researchers from MITBrigham & Women’s Hospital and Draper have developed a Bluetooth-controlled ingestible capsule that can sense the temperature of its environment and reside in the stomach for at least a month.

The device, which was tested in an animal study and composed of 3D-printed parts, is powered by a small silver oxide battery and relays data to a smartphone in close range.

Get the full story at our sister site, Drug Delivery Business News.

The post Researchers design ingestible sensor for controlled drug release appeared first on MassDevice.



from MassDevice http://bit.ly/2R0e8g3

Fresenius still awaiting FTC approval for NxStage acquisition

Fresenius Medical Care acquires NxStage Medical

Fresenius (NYSE:FMS) said last Friday that it is still in the process of seeking approval from the U.S. Federal Trade Commission for its $2 billion merger with NxStage Medical (NSDQ:NXTM).

The tie-up, which was delayed by NxStage in October in light of the FTC investigation, has been in the works for nearly a year and a half, having originally been announced last August.

In an update released late last week, Fresenius Medical Care said that it is still seeking approval from the agency, and that it expects the acquisition to close early next year, according to a press release.

The hoped-for closing date was pushed to February 5, 2019 in October, though at the time Fresenius was hopeful it could see the acquisition complete before the end of 2018.

In July, the German renal care giant and NxStage extended the deal’s closing date by 90 days, from August 7 to Nov. 5, but said they still expected to close the deal this year.

The FTC said a year ago that it wanted more information on the deal’s details; Fresenius is a NxStage customer, complicating its anti-monopoly implications. Last July, NxStage agreed to deal its Medisystems bloodlines business to B. Braun in a bid to mollify the FTC’s concerns.

The post Fresenius still awaiting FTC approval for NxStage acquisition appeared first on MassDevice.



from MassDevice http://bit.ly/2EXimxH

TransEnterix preps for $75m offering

TransEnterix-logo

TransEnterix (NYSE:TRXC) is planning for an upcoming $75 million offering, according to a recently posted SEC filing.

The Research Triangle Park, N.C.-based company said that Stifel, Nicolaus & Company will serve as its sale agent in the offering, but the company has not yet announced how many shares it plans to float in the sale.

The round will be an “at the market” offering through Stifel, Nicolaus & Co., and TransEnterix said it may reimburse the agent up to a maximum of $50,000.

TransEnterix added that excluding commissions and reimbursements, it expects that expenses for the offering will be approximately $125,000, according to the SEC filing.

Last month, TransEnterix posted third quarter earnings that beat expectations on Wall Street.

The post TransEnterix preps for $75m offering appeared first on MassDevice.



from MassDevice http://bit.ly/2AqTqM1

PolarityTE registers bone repair product with FDA

PolarityTE updated logoPolarityTE (NSDQ:PTE) said last week that it registered its bone repair product, OsteoTE, with the FDA.

The Utah-based company’s technology is an autologous, homologous product designed to repair, reconstruct and replace bone using a patient’s own cells.

Get the full story at our sister site, Drug Delivery Business News.

The post PolarityTE registers bone repair product with FDA appeared first on MassDevice.



from MassDevice http://bit.ly/2rZGI2l

European Commission issues Brexit contingency action plan

Emergo GroupBy Ronald Boumans, Emergo Group

The UK has voted in a referendum to leave the European Union (EU). The procedure, described in article 50 of the Treaty of the European Union, started on March 30, 2017 and should take two years at a maximum. With less than 100 days to go and the UK Parliament not voting on the withdrawal agreement, it has become more likely that the UK will leave the EU without an agreement. This will result in a “no-deal” or “cliff-edge” Brexit. If that happens there will an abrupt end to the Single Market relation between the UK and the EU, which would have serious consequences.

Get the full story here at the Emergo Group’s blog.

The opinions expressed in this blog post are the author’s only and do not necessarily reflect those of MassDevice.com or its employees.

The post European Commission issues Brexit contingency action plan appeared first on MassDevice.



from MassDevice http://bit.ly/2VepCLk

divendres, 28 de desembre del 2018

Myocardial Solutions raises $6.7m

Myocardial SolutionsCardiac software developer Myocardial Solutions has raised $6.7 million from 22 investors in an equity offering that began in mid-December.

The company’s software is designed to measure heart strain, giving physicians a window into a patient’s heart function. The MyoStrain report is generated through magnetic resonance imaging.

The report provides ejection fraction, mass and volume measures. The software can also give regional measures of heart strain, evaluating 37 areas of the left ventricle’s function.

According to the company’s website, its software can help identify asymptomatic patients with heart dysfunction.

Myocardial Solutions touts that its software has been used in over 70 major medical research centers around the globe and “is established as the gold standard for strain measurement.”

MyoStrain has CE Mark clearance in the E.U. and the company is working on landing 510(k) clearance with the FDA.

The post Myocardial Solutions raises $6.7m appeared first on MassDevice.



from MassDevice http://bit.ly/2QT28Nk

Ocular Therapeutix lands $25m term loan

Ocular Therapeutix logoOcular Therapeutix (NSDQ:OCUL) said today that it closed a refinancing of its existing debt by landing a $25 million term loan with MidCap Financial and Silicon Valley Bank.

The 5-year term loan facility expanded the company’s prior $18 million credit facility to $25 million. The proceeds from the loan were used to repay the $12.3 million remaining balance under the prior facility and give an additional $12 million in new funds.

Get the full story at our sister site, Drug Delivery Business News.

The post Ocular Therapeutix lands $25m term loan appeared first on MassDevice.



from MassDevice http://bit.ly/2EPZMYu

FDA gives Edwards’ Sapien 3 Ultra TAVR the nod

Edwards Lifesciences’ Sapien 3 Ultra TAVR

Edwards Lifesciences (NYSE:EW) can now market its Sapien 3 Ultra transcatheter aortic valve replacement (TAVR) device in the United States.

The FDA approved the device for severe, symptomatic aortic stenosis patients for whom open-heart surgery is considered an intermediate or greater risk, the Irvine, Calif.-based company said.

For the Ultra, Edwards has added a taller skirt with sizes 20, 23 and 26 mm to the Sapien 3 design to eliminate paravalvular leak and improve TAVR outcomes. The Ultra device also introduces an “on balloon” design that the company said does away with the need for valve alignment during the procedure. The delivery system is compatible with its 14F Axela expandable sheath.

Get the full story on our sister site, Medical Design & Outsourcing.

The post FDA gives Edwards’ Sapien 3 Ultra TAVR the nod appeared first on MassDevice.



from MassDevice http://bit.ly/2Q7UM3o

Pavmed raises $7m in private placement

PAVmedPavmed (NSDQ:PAVM) said this week that it inked a deal to sell a senior secured convertible note of $7.8 million to an institutional investor.

The note was sold with an issue discount of $725,000, for gross proceeds to Pavmed of $7 million. Maxim Group, which acted as the placement agent for the transaction, received a 6.5% fee, according to a report filed with the SEC.

The company said that after it consummated the sale of its convertible note, Pavmed repaid the outstanding principal balance and all accrued interest on a senior secured note held by an existing lender. Pavmed dealt a cash payment of $5 million to Scopia Holdings and issued 600,000 shares of common stock.

Earlier this year, the FDA group reviewing the 510(k) application for Pavmed’s CarpX device said it wanted the company to resubmit its application.

The FDA told the company that it had not reached a consensus within the review period set by the agency’s rules. To extend the review process, the FDA recommended that Pavmed resubmit the application. In a filing with the SEC, Pavmed said it resubmitted the application in August.

The company’s minimally-invasive CarpX device is designed to treat carpal tunnel syndrome. The device allows physicians to relieve compression of a patient’s median nerve without the use of an incision.

The ultrasound-guided system features a balloon catheter with bipolar radio-frequency cutting electrodes, according to Pavmed. Once the device is activated, it creates a space to protect the nerve from the cutting electrode and decompresses the nerve by dividing the transverse carpal ligament.

The post Pavmed raises $7m in private placement appeared first on MassDevice.



from MassDevice http://bit.ly/2GLyzZm

iCad inks $7m private placement deal

iCadiCad (NSDQ:ICAD) said this week that it landed a $7 million private placement deal with institutional investors.

The company will pay interest to the investors on the oustanding principal amount at an annual rate of 5%, according to a report filed with the SEC. The convertible debentures mature on Dec. 21, 2021.

Prior to the maturity date, the convertible debentures can be converted into shares of common stock at $4.00 per share, iCad added.

The private placement, which closed earlier this month, resulted in net proceeds of roughly $6.5 million. The company said it plans to use the money for general corporate purposes.

Earlier this year, iCad re-jiggered its board of directors, naming a new chairman and reorganizing its oversight committees, after a member filed his resignation.

Longtime shareholder Andy Sassine tendered his resignation in September, writing that he could “no longer stand idly by while the Board’s inaction and misdirection directly harms the interests of iCad’s shareholders.”

The post iCad inks $7m private placement deal appeared first on MassDevice.



from MassDevice http://bit.ly/2BL1dEe

Obalon lands $30m in capital from new deals

Obalon TherapeuticsObalon Therapeutics (NSDQ:OBLN) said this week that it inked two financing deals that could provide the company with up to $30 million in capital.

The San Diego, Calif.-based company sells the only FDA-approved, swallowable intragastric balloon system for the treatment of obesity.

In one deal, Obalon entered a common stock purchase agreement with Chicago-based institutional investor Lincoln Park Capital Fund for up to $20 million. According to the terms of the deal, Obalon will have the right to sell up to $20 million worth of shares to LPC over a 36-month period.

The company also entered into an at-the-market equity offering sales deal with Canaccord Genuity. According to the terms of the agreement, Obalon can issue common shares at prevailing market prices with an aggregate gross sales amount of up to $10 million.

The company said it plans to use any net proceeds it gets from either deal for general corporate purposes including clinical studies, R&D costs or the repayment of debt.

Also this month, Obalon won FDA clearance for its navigation system intended for use in placing the company’s intragastric balloon. The Obalon Navigation system uses MRI during placement and provides a real-time image of the balloon.

The post Obalon lands $30m in capital from new deals appeared first on MassDevice.



from MassDevice http://bit.ly/2ERfvq2

FDA finalizes guidance on Breakthrough Medical Device market pathway

Emergo GroupBy Stewart Eisenhart, Emergo Group

The US Food and Drug Administration has finalized details of a new registration route for breakthrough medical devices first announced in 2017.

Get the full story here at the Emergo Group’s blog.

The opinions expressed in this blog post are the author’s only and do not necessarily reflect those of MassDevice.com or its employees.

The post FDA finalizes guidance on Breakthrough Medical Device market pathway appeared first on MassDevice.



from MassDevice http://bit.ly/2ViyBuS

dijous, 27 de desembre del 2018

Korean JLK Inspection launches AI-powered imaging diag system

JLK Inspection

Korean JLK Inspection said yesterday that it launched its AIHub artificial intelligence-powered medical image diagnostics platform.

The newly launched AIHub system is designed to analyze images from a number of different imaging modalities, including magnetic resonance imaging, computed tomography, X-ray and mammography, the Seoul-based company said.

JLK Inspection claims the system can detect and monitor for more than 30 medical conditions in 14 regions of the body. The company added that the system is focused on brain diseases and conditions including ischemic stroke, hemorrhagic stroke, brain aneurysm and Alzheimer’s disease, as well as lung cancer, prostate cancer, breast cancer, coronary artery disease and other digital pathology.

“We are excited to show how we are able to assist users with quantitative analysis of their medical images at their own convenience. The ability to provide optimal diagnosis support based on deep learning technologies, unique algorithms and imaging procession techniques will be a great benefit to all patients, whether suffering from minor or major ailments,” CEO Won Tae Kim said in a press release.

JLK Inspection said that it has raised over $17 million so far in venture capital funding, and that it is planning an initial public offering in Korea some time during the second half of next year.

The post Korean JLK Inspection launches AI-powered imaging diag system appeared first on MassDevice.



from MassDevice http://bit.ly/2BJUvyd

Omron launches HeartGuide watch-based wearable BP monitor

Omron HeartGuide

Omron Healthcare (TYO:6645) said late last week that it launched its HeartGuide wearable blood pressure monitor, touting it as the world’s first such device.

The HeartGuide is an FDA-cleared, wearable oscillometric blood pressure monitor intended for personal use and styled to function as a wrist watch, the Lake Forest, Ill.-based company said. The device features a cuff in the wrist watch band which inflates to measure systolic and diastolic pressures at a clinical level of accuracy, the company claims.

The newly launched HeartGuide also monitors physical activity including steps taken, distance walked, calories burned and sleep quality, Omron said. The system is intended to connect to a free, proprietary mobile app from the company to monitor their lifestyle and heart health.

“Omron is excited to begin pre-order access to HeartGuide. Since Omron first announced this device, we have received countless messages from consumers expressing interest. As a medical-grade blood pressure device in the form of a wrist watch, HeartGuide is a breakthrough for the category and for those who want to keep a close watch on their blood pressure anytime, anywhere. HeartGuide is a key way Omron is advancing our mission of Going for Zero heart attacks and strokes. Because blood pressure fluctuates throughout the day, regular self-monitoring empowers consumers to take immediate action on their heart health numbers and fuels a more productive patient-physician dialogue to evolve treatments and improve outcomes. Studies show regular self-monitoring can reduce stroke risk by up to 20 percent and cut the risk of coronary artery disease by 10 percent. We created HeartGuide and its accompanying app, HeartAdvisor, to reduce those risks and to help save lives,” prez & CEO Ranndy Kellogg said in a press release.

In July, Omron saw sales for its healthcare division grow nearly 9% during its fiscal first quarter.

The post Omron launches HeartGuide watch-based wearable BP monitor appeared first on MassDevice.



from MassDevice http://bit.ly/2ESmzU6

Mobile neurocog testing & monitoring dev BrainCheck raises $2m

BrainCheck

Mobile neurocognitive testing and management developer BrainCheck has raised $1.5 million in a new round of debt and warrants financing, according to a recently posted SEC filing.

Money in the round came from 15 anonymous investors, according to the filing, with the first date of sale noted on August 2.

BrainCheck was born out of Baylor College of Medicine’s Eagleman Laboratory for Perception and Action, and provides cognitive health solutions and monitoring, according to the company’s website.

The company has not yet stated how it plans to spend funds raised in the round.

The post Mobile neurocog testing & monitoring dev BrainCheck raises $2m appeared first on MassDevice.



from MassDevice http://bit.ly/2ERjfZv

Boston Scientific acquires Millipede for $325m

Boston Scientific acquires Millipede

Boston Scientific (NYSE:BSX) said today that it acquired Iris transcatheter annuloplasty ring developer Millipede in a deal worth approximately $325 million with the opportunity for an additional $125 million based on a commercial milestone.

Santa Rosa, Calif.-based Millipede makes the Iris transcatheter annuloplasty ring for treating mitral valve regurgitation. Marlborough, Mass.-based Boston Scientific initially invested $90 million into Millipede in January, with an option to acquire the remaining shares in the company for $325 million and an additional $125 million milestone payment.

Boston Scientific said that it decided to pull the trigger on the acquisition based upon Millipede’s completion of a first-in-human clinical study, and said that the purchase will expand its structural heart portfolio.

“We are very satisfied with the early results of our clinical program and are excited to see this technology further leveraged by Boston Scientific to expand the mitral repair solutions for patients around the world,” Millipede co-founder & CEO Randy Lashinski said in a prepared statement.

The Iris system uses a complete annuloplasty ring to reduce the size of a patient’s dilated mitral annulus. The system is designed for use with a transseptal delivery system and can be used as a stand-alone device or with other devices intended for use in patients with severe mitral regurgitation, Boston Scientific said.

“Upon commercialization, we believe the Iris system can meet the needs of a currently underserved patient population that requires physiological, less invasive options to treat functional mitral regurgitation in patients with progressive heart failure. This device is designed to be highly customizable to a specific patient’s mitral anatomy and disease state, and is repositionable and retrievable to promote a high-quality outcome,” Boston Scientific global chief medcial officer Ian Meredith said in a press release.

Boston Scientific said that it expects the deal to be dilutive to its earnings per share for each of the next several years, but added that “all dilutive impact is expected to be absorbed via internal trade-offs,” and that it expects no net adjusted EPS impact. The acquisition is expected to close during the first quarter of next year.

Earlier this week, Boston Scientific inked a number of new lending agreements, including a large credit facility it could use to finance its approximately $4 billion acquisition offer for British medical device maker BTG (LON:BTG).

The post Boston Scientific acquires Millipede for $325m appeared first on MassDevice.



from MassDevice http://bit.ly/2Sog6TY

Health Canada sets pre-market medical device cybersecurity requirements

Emergo GroupBy Stewart Eisenhart, Emergo Group

New guidance from Health Canada would establish cybersecurity requirements and considerations for pre-market reviews of devices in Canada similar to policies developed by US and South Korean regulators.

Get the full story here at the Emergo Group’s blog.

The opinions expressed in this blog post are the author’s only and do not necessarily reflect those of MassDevice.com or its employees.

The post Health Canada sets pre-market medical device cybersecurity requirements appeared first on MassDevice.



from MassDevice http://bit.ly/2AcwxvN

dimecres, 26 de desembre del 2018

Cardiovascular Systems touts first patients treated with Teleport microcatheter

Cardiovascular Systems, OrbusNeichCardiovascular Systems (NSDQ:CSII) touted today that the first patients in the U.S. were treated with the OrbusNeich Teleport microcatheter.

The device, which recently won 510(k) clearance with the FDA, enables safe guidewire exchange during cardiovascular procedures. The Teleport product features a robust tip to provide access to challenging lesions, according to Cardiovascular Systems.

Dr. Annapoorna Kini, director of the Cardiac Catheterization Lab at Mount Sinai Medical Center and Dr. Emmanouil Brilakis of the Minneapolis Heart Institute treated the first U.S. patients with Teleport.

“I am excited and honored to be the first to use Teleport microcatheter in the United States. Teleport allowed me to deliver the microcatheter easily through tortuous coronary vasculature while maintaining catheter position for guidewire exchange treating a complex chronic total occlusion,” Dr. Kini said in prepared remarks.

“I had the opportunity to use the Teleport Microcatheter in Europe and was impressed by its balance of deliverability and support. Teleport’s robust tip design is unique, enabling access to tight lesions while providing the torqueability necessary to treat very challenging lesions. I’m excited to have this device available to treat my patients here in the United States,” Dr. Brilakis added.

“We are committed to building a comprehensive cardiovascular company and leveraging our commercial footprint and clinical value to become the partner of choice in the revascularization of patients with complex peripheral and coronary artery disease. The clearance of the Teleport Microcatheter complements our emphasis on providing advanced solutions for the most difficult coronary and peripheral lesions,” chairman, president & CEO Scott Ward said.

The post Cardiovascular Systems touts first patients treated with Teleport microcatheter appeared first on MassDevice.



from MassDevice http://bit.ly/2ENEIBF

Venus Medtech completes Keystone Heart merger

Venus Medtech, Keystone HeartChinese transcatheter heart valve maker Venus Medtech said today that it closed its merger with Keystone Heart.

Privately-held Keystone Heart sells TriGuard embolic protection devices that are designed to protect the brain during transcatheter aortic valve replacement and other cardiac procedures.

Hoping for FDA approval in the third quarter of 2019, Keystone Heart is enrolling patients in the U.S. for a trial of its TriGuard 3 product. The company expects to win CE Mark approval for the device by the end of the first quarter in 2019.

“It is of utmost importance to us that our devices improve the quality life of the patients whom receive them,” Venus Medtech co-founder & CTO Eric Zi said in prepared remarks.

“Our transcatheter heart valve systems offer patients life-saving support – acquiring Keystone Heart allows us the opportunity not only to reduce the risk of brain injury during cardiac procedures but establishes our presence in the US and Europe through which we can introduce our entire portfolio of products. We will be the first to bring the significant and extensive benefits of combining embolic protection devices together with our Venus TAVR products for Chinese’s patients,” Zi added.

“We are excited to be joining a truly entrepreneurial company like Venus,” Keystone Heart’s president & CEO, Chris Richardson, said. “Providing brain protection for every TAVR patient will differentiate Venus Medtech and position them as a leader in structural heart therapies – underscoring its dedication to excellence, determination to provide a total solution for patients undergoing TAVR procedures and focus on patient safety. This partnership provides us the unique opportunity to improve the lives of patients undergoing structural heart procedures with cerebral embolic protection and the ability of bringing new cutting-edge therapies into the US & Europe.”

The companies first announced plans for the merger in September. Also this year, Venus Medtech launched its self-expanding pulmonary valve implant in Canada.

The post Venus Medtech completes Keystone Heart merger appeared first on MassDevice.



from MassDevice http://bit.ly/2Q3Ts1c

Study: Catheter ablation better for AFib, heart failure than drugs

A meta-analysis of randomized controlled trials has found that catheter ablation was superior to conventional drug therapy alone for patients with atrial fibrillation (AFib) and heart failure.

AFib may lead to thromboembolic stroke, systemic embolism, and decompensated heart failure. Although catheter ablation is an established therapeutic strategy for AFib, guidelines recommend caution in certain patients, and the benefits and harms of catheter ablation versus drug therapy for Afib patients have not been firmly established.

Get the full story on our sister site, Medical Design & Outsourcing.

The post Study: Catheter ablation better for AFib, heart failure than drugs appeared first on MassDevice.



from MassDevice http://bit.ly/2VaCx0X

DermaSensor raises $5.8m for handheld cancer detection device

DermaSensor deviceDermaSensor has raised $5.8 million from 23 investors in an offering that began in November, according to a report filed with the SEC this month.

The Florida-based company’s handheld device uses a light-emitting tip to evaluate potentially cancerous lesions on the surface of a patient’s skin. Using precision optics, the device can detect cellular pathological irregularities as small as 2mm, according to DermaSensor.

The device also connects wirelessly to its companion software and other applications, the company said.

DermaSensor’s machine-learning algorithm provides doctors with an “high risk” or “low risk” result after the device has scanned a lesion. The company touted that it takes roughly 20 seconds per skin lesion to produce a result.

The device makes use of an imaging process called elastic scattering spectroscopy, according to DermaSensor, which measures how photons scatter off of various cellular structures. Cancerous lesions scatter light differently than benign lesions, since they have distinct cellular and sub-cellular structures, the company said.

DermaSensor’s product is an investigational device that has not been approved by the FDA.

The post DermaSensor raises $5.8m for handheld cancer detection device appeared first on MassDevice.



from MassDevice http://bit.ly/2SlzCk5

Acorda wins FDA nod for inhaled Parkinson’s therapy

Acorda's Inbrija deviceAcorda Therapeutics (NSDQ:ACOR) said this week that the FDA approved its Inbrija device for the intermittent treatment of  “off” episodes in people with Parkinson’s disease.

The self-administered, inhaled therapy is designed for people experiencing a re-emergence of Parkinson’s symptoms. These “off” episodes are caused by low levels of dopamine between doses of the standard oral Parkinson’s therapy, carbidopa/levodopa, according to Acorda.

Get the full story at our sister site, Drug Delivery Business News.

The post Acorda wins FDA nod for inhaled Parkinson’s therapy appeared first on MassDevice.



from MassDevice http://bit.ly/2rUqJlR

Delcath inks European licensing deal for Chemosat

DelcathDelcath Systems (OTC:DCTH) said this week that it inked a licensing deal with Germany-based medac for the commercialization of Chemosat in Europe.

According to the terms of the seven-year agreement, Delcath’s European subsidiary will exclusively license its Chemosat system to Medac for sale in the EU, Norway, Liechtenstein, Switzerland and the UK. Medac is slated to pay $6.8 million to Delcath in a combination of upfront and milestone payments.

Get the full story at our sister site, Drug Delivery Business News.

The post Delcath inks European licensing deal for Chemosat appeared first on MassDevice.



from MassDevice http://bit.ly/2QNMO4B

FDA approves Teva’s digital COPD, asthma inhaler

Teva updated logoTeva (NYSE:TEVA) said this week that the FDA approved its ProAir Digihaler device – a digital inhaler that uses sensors to connect to a companion mobile app for people with asthma and chronic obstructive pulmonary disease.

The company’s device features built-in sensors that can measure inspiratory flow and detect when the inhaler is used. After the data is sent to a mobile app, the user can review historical data and share it with their healthcare professionals.

Get the full story at our sister site, Drug Delivery Business News.

The post FDA approves Teva’s digital COPD, asthma inhaler appeared first on MassDevice.



from MassDevice http://bit.ly/2T9HKUU

DeviceTalks West exhibitors: Expertise you need to know

From electronic components for neurostimulators to the E.U.’s MDR to security concerns connected medical devices, there was a great deal of expertise to be among exhibitors at DeviceTalks West in December 2018.

Medical Design & Outsourcing managing editor Chris Newmarker spoke with experts at Valtronic, WuXi AppTec and Green Hills Software.

Get the full story on our sister site, Medical Design & Outsourcing.

The post DeviceTalks West exhibitors: Expertise you need to know appeared first on MassDevice.



from MassDevice http://bit.ly/2CyNaDB

New Notified Body designated in The Netherlands

Emergo GroupBy Stewart Eisenhart, Emergo Group

Although the first Notified Bodies (NBs) will soon be designated to the European Medical Devices Regulation (EU) 2017/745 (MDR), the New Approach Notified and Designation Organisations (NANDO) database has been updated with a new NB for the current Medical Devices Directive 93/42/EEC, Active Implantable Medical Device Directive 90/385/EEC and In Vitro Diagnostic Medical Devices Directive 98/79/EC. BSI has now two NBs, each with its own NB number. The designation of an NB in The Netherlands is a relief for manufacturers currently certified by UK- based NBs, as CE Mark certificates may become void as a result of a Cliff-edge Brexit.

Get the full story here at the Emergo Group’s blog.

The opinions expressed in this blog post are the author’s only and do not necessarily reflect those of MassDevice.com or its employees.

The post New Notified Body designated in The Netherlands appeared first on MassDevice.



from MassDevice http://bit.ly/2AhM7X0

dilluns, 24 de desembre del 2018

IoT-device focused cybersecurity group Cybeats raises $3m

Cybeats

Cybersecurity company Cybeats said last week that it raised $3 million to support its services which focus on protecting Internet of Things device, including medical devices.

Funding from the round will support expanding sales, research & development and expanding its enterprise capabilities with a focus on medical devices, smart buildings and critical infrastructure, the Toronto-based company said.

As part of the funding round, Ripple Ventures managing partner Matt Cohen and GreenSoil Building Innovation Fund managing partner Susan McArthur have joined the company’s board of directors, Cybeats said.

“Efficient, reliable cyber security solutions are essential in order to leverage the full potential of digital built environment. Cybeats’ technology is providing real time cybersecurity solutions to IoT device manufacturers and users,” McArthur said in a prepared release.

“Ripple Ventures is extremely excited to be leading this investment in Cybeats as they help detect and prevent more cyber attacks from occurring. The Cybeats team is among the most experienced and knowledgeable cybersecurity experts we have encountered. We look forward to working closely with Cybeats as they expand their solutions globally,” Cohen said in prepared remarks

CyBeats said it uses internal defense, monitoring and lifecycle management to protect IoT devices against existing and new cybersecurity threats.

“With the proliferation of IoT devices where we work, live, travel and shop, and increase in the number of access points prone to malware attacks, it is critical that we adopt a new approach to cybersecurity for all network-connected devices. The security certification of IoT devices is imperative in order to detect and neutralize these growing threats. Cybeats provides an efficient, simple solution to monitor and overcome security threats,” co-founder & CEO Dmitry Raidman said in a press release.

The post IoT-device focused cybersecurity group Cybeats raises $3m appeared first on MassDevice.



from MassDevice http://bit.ly/2QLmurT

InspireMD touts results of next-gen stroke prevention stent study

InspireMD (NYSE:NSPR) has released the results of a meta-analysis of four clinical studies involving dual-layered (DLS) and mesh-covered stents, including the company’s MicroNet-covered stent, the CGuard embolic prevention system.

The analysis concluded that carotid artery disease patients treated with mesh-covered stents experienced a 30-day minor stroke rate of 1.25%, lower than the 30-day minor stroke rates reported in other widely cited studies, such as CREST and ACT 1, for patients treated with both carotid endarterectomy and with those treated with conventional carotid stents. CREST and ACT 1 also involved lower-risk patient populations as compared to the four studies included in the meta-analysis, which included a higher percentage of high-risk and elderly patients, according to the company. The analysis was published in JACC: Cardiovascular Interventions.

Get the full story on our sister site, Medical Design & Outsourcing.

The post InspireMD touts results of next-gen stroke prevention stent study appeared first on MassDevice.



from MassDevice http://bit.ly/2T8an4N

Masimo inks $150m credit facility deal

Masimo

Masimo (NSDQ:MASI) has inked a $150 million credit facility with JP Morgan Chase and Bank of the West, according to a recently published SEC filing.

The Irvine, Calif.-based company’s new facility comes with an option to increase the aggregate borrowing capacity up to $550 million, and also provides for a sublimit of up to $25 million for issuing letters of credit and a $75 million sublimit for borrowings in specified foreign currencies, according to the filing.

Funds from the newly fined facility will be used to support general corporate, capital investment and working capital needs, Masimo said in the SEC filing.

In October, Masimo released third quarter earnings that topped expectations on Wall Street and lifted its guidance for the full fiscal year.

The post Masimo inks $150m credit facility deal appeared first on MassDevice.



from MassDevice http://bit.ly/2RmiLk9

Varian wins US tariff exclusion for Chinese-produced Halcyon systems

Varian

Varian Medical (NYSE:VAR) said today that the U.S. Trade Representative granted it a tariff exemption for its Halcyon radiotherapy system, which would normally be subject to Section 301 tariffs due to it being manufactured in China.

The Palo Alto, Calif.-based company said that the exception will have a less than $1 million impact on its financial results for its 2019 fiscal year, and that it will provide more details on the exception during its first quarter call next month.

“On behalf of the more than three million patients Varian technologies touch each year, we thank USTR and the U.S. government for recognizing the impact of Varian’s cancer treatment technology by excluding our Halcyon product from the current trade dispute, and we are hopeful that China will do the same. Varian remains dedicated to ensuring that our customers, and the patients they treat, are able to achieve new victories against cancer without any global disruption in access to our leading-edge technologies,” prez & CEO Dow Wilson said in a press release.

Varian said that until further notice, China tariffs announced in August will remain in place, and that its exclusion application from U.S. Tariffs for components sourced from China for its linear accelerators, which it produces in the US, are still pending with the USTR.

Last month, Varian said that it won approval from China’s National Medical Product Administration for its Halcyon system.

The post Varian wins US tariff exclusion for Chinese-produced Halcyon systems appeared first on MassDevice.



from MassDevice http://bit.ly/2GEhvEK

Boston Scientific inks financing deal to fund $4B BTG acquisition

Boston Scientific

Boston Scientific (NYSE:BSX) has inked a number of new lending agreements, including a large credit facility it could use to finance its approximately $4 billion acquisition offer for British medical device maker BTG (LON:BTG), according to recently posted SEC filings.

The Marlborough, Mass.-based company said that it entered into a term loan credit agreement with Barclays Bank for an aggregate principal amount of $2 billion, consisting of a two-year delayed-draw facility for $1 billion and a three-year delayed draw facility for $1 billion, according to the filing.

Both tranches in the credit agreement begin to mature two or three years, respectively, after the closure of the possible BTG acquisition, according to the filing.

Boston Scientific said that it also amended an existing $1 billion credit agreement it inked in August to help fund the BTG acquisition, according to the SEC filing.

Outside of the acquisition funds, the company said that it inked a $2.75 billion revolving credit agreement, effective December 19. Bank of America is serving as syndication agent for the facility while Wells Fargo Bank, National Assocation serves as the administrative agent, Boston Scientific said.

The credit facility is slated to mature in 2023 and includes one-year extension options.

Shares in Boston Scientific have fallen approximately 0.8% today, at $32.58 as of 9:31 a.m. EST.

In late November, Boston Scientific said that it agreed to offer roughly $4.24 billion to acquire BTG.

The post Boston Scientific inks financing deal to fund $4B BTG acquisition appeared first on MassDevice.



from MassDevice http://bit.ly/2Ly4wmP

Canada MDSAP transition deadline coming up

Emergo GroupBy Stewart Eisenhart, Emergo Group

Health Canada has issued a final email reminder to medical device companies regarding the regulator’s December 31, 2018 deadline for transitioning to the Medical Device Single Audit Program (MDSAP) for quality management system compliance.

Get the full story here at the Emergo Group’s blog.

The opinions expressed in this blog post are the author’s only and do not necessarily reflect those of MassDevice.com or its employees.

The post Canada MDSAP transition deadline coming up appeared first on MassDevice.



from MassDevice http://bit.ly/2Shnd0t

divendres, 21 de desembre del 2018

Obalon wins FDA nod for Obalon Nav system

Obalon Therapeutics

Obalon Therapeutics (NSDQ:OBLN) said today that it won FDA clearance for its Obalon Navigation system intended for use in placing the company’s Obalon Balloon system.

The newly cleared Obalon Navigation system uses magnetic resonance imaging during placement and displays a real-time image of the balloon, the San Diego-based company said. The system is intended for use alongside the automated Touch Inflation Dispenser to improve placement procedures.

“We participated in the clinical trial for the Obalon Navigation system with the Touch Inflation Dispenser and were very impressed with the new technology to make placement of the Obalon Balloon more reliable, safer and easier. We especially appreciated the Obalon Navigation System’s dynamic 3D display during balloon placement, as opposed to the static 2D x-ray images we currently use.  The automated Touch Inflation Dispenser eliminates many of the connections and valves from prior dispenser, which should reduce the potential for error during balloon placement and inflation,” Dr. Mickey Seger of San Antonio’s Texas Bariatric Medical Institute said in a prepared statement.

Obalon said it expects to launch the newly cleared systems during the first quarter of next year.

“We’re very pleased about the approval of the Obalon Navigation system which is intended to make placement of the Obalon Balloon more reliable, more convenient and more accessible to physician providers and patients by eliminating the costs and logistics related to acquiring x-ray. I’d like to recognize the FDA for their timely review of the Obalon Navigation system, as well as the Touch Inflation Dispenser which was previously approved in the third quarter of 2018.  We believe Navigation and Touch provide another step forward in helping physicians and patients battle the obesity epidemic,” prez & CEO Kelly Huang said in a press release.

In September, Obalon said that it won approval from the FDA for a premarket approval supplement application for its Obalon Touch inflation system.

The post Obalon wins FDA nod for Obalon Nav system appeared first on MassDevice.



from MassDevice http://bit.ly/2T2wRUL

Report: Despite settlement, patient seeks prosecution for off-label Seri scaffold breast surgery

A patient in Southern California who underwent breast reconstruction surgery using an off-label Seri surgical scaffold is pushing for the state to prosecute the operating plastic surgeon, despite having received $1 million in a settlement, over claims that he altered her medical records, according to a Pasadena Star News report.

The patient, Wendy Knecht, underwent breast reconstruction in 2015 following a cancer-preventive double mastectomy procedure. She was treated by Dr. Max Lehfeldt, who used a Seri surgical scaffold, produced by Allergan (NYSE:AGN) at the time, despite the scaffold having no FDA indications for such a surgery.

Knecht goes on to claim that not only did Lehfeldt use the device off label, they also altered medical documents to conceal the fact that he had not presented safer alternatives to her during an early meeting, according to the report.

Dr. Lehfeldt admitted to making the changes to the documents during deposition last year, the Pasadena Star News reports.

The Seri scaffold was originally developed by Serica Technologies, and won approval for repairing and remodeling damaged connective tissue in 2009. Serica was acquired by Allergan in 2010, which eventually sold the device and its associated IP to Sofregen Medical in 2016.

The FDA warned Allergan in the summer of 2015 about marketing the scaffold for breast surgery indications without appropriate approval, claiming that a review of the Seri website showed it being recommended for use with breast surgery applications.

The device only had indications for “use as a transitory scaffold for soft tissue support and repair to reinforce deficiencies where weakness or voids exist that require the addition of material to obtain the desired surgical outcome,” according to an FDA posting.

Lehfeldt reportedly had ties to Allergan as a consultant, having received more than $461,000 from the company between 2013 and 2017, according to the report. During the period Lehfeldt worked with Knecht, he was also an investigator in a study exploring the use of the Seri scaffold in breast reconstruction.

“He never told us it was off-label, he never told us he was doing experiments with it at the same time. He just used it on me,” Knecht told the paper in an interview.

Knecht eventually settled with Lehfeldt for $1 million, and settled with Allergan for an undisclosed amount, according to the Pasadena Star News, but the settlement with Dr. Lehfeldt did not include a confidentiality clause.

The California Medical Board has launched a second investigation into Lehfeldt in response to the request from Knecht, after an initial investigation closed shortly after Lehfeldt submitted his records and response to the board, according to the report.

The post Report: Despite settlement, patient seeks prosecution for off-label Seri scaffold breast surgery appeared first on MassDevice.



from MassDevice http://bit.ly/2Ct1k9e