Global Edition news

Credit: Myomo

By By Dean Koh 01:20 am August 24, 2020
Cambridge, Massachusetts headquartered wearable medical robotics company Myomo last week announced that a Myomo-trained Orthotic & Prosthetic (“O&P”) practice in Australia has received its first insurance authorization to fit a patient with a custom MyoPro device. The practice, X-Tremity Prosthetics and Orthotics, is located in New South Wales and is operated by Jens Baufeldt. It is...
By By Laura Lovett 02:30 pm August 21, 2020
Autonomous AI platform Digital Diagnostics, previously known as IDx, announced that it has purchased 3Derm Systems in a move that would expand its reach into the dermatology space. Digital Diagnostics got its start as an AI tool for diabetic retinopathy, but it’s now looking to expand its specialties. That is where the company is making bets on 3Derm. Boston-based 3Derm specializes in providing...
By By Dave Muoio 02:24 pm August 21, 2020
Exo, a Silicon Valley company known for its in-development handheld ultrasound device, announced $40 million in new funding yesterday. GlaxoSmithKline's Investor Action Potential Venture Capital fund was among the Series B+ round's unnamed investors. Exo said in its announcement that it will be using the funds to wrap up product development for that device, and to bring its data and workflow apps...
By By Mallory Hackett 11:56 am August 21, 2020
Artificial intelligence-enabled in vitro diagnostics company Renalytix AI announced today a research partnership with AstraZeneca to develop and launch medical strategies for cardiovascular, renal and metabolic diseases. The first stage of the collaboration will use KidneyIntelX, an AI-enabled in vitro diagnostic platform that gathers patient data from electronic medical records to generate a...
By By Laura Lovett 10:45 am August 21, 2020
When Eleanor was a baby, she had an itch, one that was so severe she couldn’t sleep, and no matter how many times she scratched it wouldn’t let up. Doctors told her mother, Claire Brinkley, a cuddle would only make the itching worse, leaving her helpless, she said.  “She learned to scratch herself until she bled, and pick at the wounds and gouge at them because nothing about gave her any relief....
By By Laura Lovett 03:30 pm August 20, 2020
Historically, the majority of all venture capitalists have been white and male. Even today, according to the latest Rock Health report, only 12.6% of partners at digital health venture funds are women, and only 14% of digital health startup deals were closed by women in 2019. Maria Velissaris, managing partner of Steel Sky Ventures, is an investor looking to help change this paradigm. She got a...
By By Dave Muoio 03:23 pm August 20, 2020
Picking through the scraps. Following the bankruptcy of 'digital pill' maker Proteus Digital Health, business partner and stakeholder Otsuka Pharmaceutical has been approved to purchase the digital health company's assets by a federal bankruptcy court judge, STAT reports. Otsuka's bid was challenged by Novartis, two former Proteus executives and other investors, who argued that the agreed upon $...