EndoGastric Solutions raises $30 million: Maker of endoluminal devices for treating gastrointestinal disease raises $30 million in a "Series F" private placement led by Canaan Partners and Radius Ventures, announced Aug. 30. The proceeds will "support the company through profitability" and fund clinical trials and commercialization efforts for the firm's natural orifice surgery offerings, the company says. Privately held EndoGastric Solutions currently offers its 510(k)-cleared EsophyX and StomaphyX transoral systems for upper gastrointestinal procedures. Ongoing randomized clinical trials are further evaluating EsophyX for transoral incisionless fundoplication to treat gastroesophageal reflux disease and StomaphyX to reduce weight regained after gastric bypass procedures. "Our goal is to establish [natural orifice surgery] as the standard of care for patients with chronic acid reflux whose clinical needs are not met with medical management, and in the future, patients who suffer from obesity," stated CEO Thierry Thaure
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Medtronic announced it received expanded MRI labeling for its DBS systems, which is critical, given that almost 70% of all DBS-eligible patients will likely need an MRI at some point in their care, says Ashwini Sharan, CMO for Medtronic Neuromodulation.
In this episode, Medtech Insight reporter Natasha Barrow speaks to LungLife AI CEO Paul Pagano. Lung Life AI is a US-based AIM-listed medical technology company that has developed a liquid biopsy test for the early detection of lung cancer called Lung LB. Pagano runs through the highlights of Lung Life AI journey to date and its future ambition for a strategic partnership. He also provides advice to similar diagnostic companies seeking reimbursement andcompliance with the US FDA Lab Developed Test ruling.
During MD&M East last week, regulatory consultant Darren Reeves reminded device manufacturers that the time to get ready to comply with the new Quality Management System Regulation is now.
Handheld diagnostics are more powerful, accessible and clinically relevant than ever. Medtech Insight spoke to companies behind such technologies to learn how they work and discuss their commercial models.
An interactive look at recent executive-level company changes and promotions in the medical device and diagnostics industries.
