Novo partners with Valo Health for up to $2.7bn
Danish pharmaceutical company Novo Nordisk and US medtech start-up, Valo, have partnered to use Valo’s AI-powered human dataset to discover and develop new cardiometabolic treatments. Valo will receive an upfront payment and a potential near-term milestone payment of $60m, the companies said in a statement on Monday (27th Sept). Valo could receive up to $2.7bn if […]
US FDA grants clearance for Profound’s Thermal Boost module
Thermal Boost helps temporarily increase the ablation target temperature in prostate regions where advanced-stage cancer may be present. Credit: MattL_Images/Shutterstock.com. The US Food and Drug Administration (FDA) has granted 510(k) clearance for Profound Medical’s Thermal Boost module for use along with TULSA-PRO. Surgeons can use the TULSA-PRO technology for ablating whole or partial-gland prostate tissue […]
Adela receives $48m for MRD monitoring product advancement
The funding will be used to continue the development of the company’s multi-cancer early-detection product. Credit: Doodlart from Pixabay. Adela has received $48m in financing to advance its tissue-agnostic minimal residual disease (MRD) monitoring product portfolio. This financing round is supported by existing investors OrbiMed, F-Prime Capital, Decheng Capital, Deerfield Management and RA Capital Management, […]
HoneyNaps’ AI sleep analysis algorithm receives FDA approval
The FDA formally approves the AI-based SOMNUM technology. Credit: HoneyNaps/PRNewswire. HoneyNaps has received approval from the US Food and Drug Administration (FDA) for its artificial intelligence (AI) sleep disease analysis algorithm, SOMNUM. The new software surpasses conventional video image-based biosignal analysis systems in diagnosing sleep disorders. Leveraging deep learning-based AI, it will carry out real-time […]
New organ preservation system sees kidney flown thousands of miles as part of device debut
The Liversave system is intended to replace the currently used system of an Ice and a cooler box currently in use worldwide. Credit: Shutterstock / Joa Souza A new method for transporting, monitoring and protecting donated organs has helped facilitate a successful transplant after a liver travelled 1,200 miles from Puerto Rico to Florida. Massuchusetts, […]
ImageBiposy and Radiobotics partner to develop AI-assisted diagnostics
According to ImageBiopsy Lab and Radiobotics, their AI-assisted technology will support disease diagnosis in musculoskeletal, orthopaedic, and trauma use cases. Image Credit: Phonlamai Photo / Shutterstock. Austria-based ImageBiopsy Lab has partnered with Danish company Radiobotics to implement artificial intelligence (AI) assisted disease diagnostics in the Germany, Austria, and Switzerland (DACH) region. The use of AI […]
Southeast NHS Trust sign three-year cyber security deal
According to GlobalData, cybersecurity in medical devices is forecast to grow at a CAGR of 7.3% from $869m to $1.23bn between the years 2020 and 2025. Image credit: GettyImages/ Yuichiro Chino Southeast National Health Service (NHS) Trust has signed a three-year security deal with healthcare cybersecurity specialist Cylera in an attempt to bolster its cyber […]
Signal: AbbVie ends multi-million dollar cancer drug deal with I-Mab
Biopharmaceuticals company AbbVie have pulled out of their deal with I-Mab. Photo: Valeriya Zankovych / Shutterstock.com. Biopharma giant AbbVie has announced it intends to terminate its cancer drug deal with I-Mab, the creators of lemzoparlimab. The original deal granted AbbVie the right to distribute and co-develop the drug outside of mainland China, where I-Mab is […]
US Medical Innovations to launch new AI surgical system
The new Canady Robotic AI Surgical System. Credit: US Medical Innovations, LLC/Business Wire. US Medical Innovations (USMI) and the Jerome Canady Research Institute for Advanced and Biological Technological Sciences (JCRI-ABTS) have announced the launch of the new Canady Robotic AI Surgical System. It is claimed to be the world’s first artificial intelligence (AI) robotic system […]
AstraZeneca IKN to co-launch AI X-ray tech for early lung screening
AstraZeneca Malaysia country president Vinod Narayanan (left) together with Institut Kanser Negara deputy director Dr Puteri Norliza binti Megat Ramli (right) at the collaboration announcement. Credit: AstraZeneca Malaysia / PRNewswire. AstraZeneca has collaborated with Malaysia-based Institut Kanser Negara (IKN) to introduce artificial intelligence (AI) X-ray technology for lung screening. As part of the Projek Saringan […]