by Sharon O'Reilly
Five years ago, more than a billion and a half dollars was spent on acquisitions of four artificial disc companies...
The Artificial Disc Bust: Lessons Learned
The artificial disc market, at least in the US, has yet to take off. In 2009, sales of artificial discs reached close to $150 million a far cry from the $1+ billion projected in 2005. So what happened and what does the future hold?
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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.
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During a recent FDLI panel, experts discussed the FDA's Home Healthcare initiative, highlighting its potential benefits and challenges. Key issues include usability testing, reimbursement, labeling for home use, and the need for innovation while ensuring patient safety.