Hon Hai Precision Industry Co., also known in the market as Foxconn Technology Group, is entering the Southeast Asian medical device market through its latest partnership in Taiwan.
WHAT IT'S ABOUT
The multinational electronics manufacturer has signed a cooperation deal with consumer electronics supplier Taiwan Biophotonic Corp. (tBPC) and government-backed Industrial Technology Research...
Venture investment in healthcare nearly doubled in Europe last year, rising from $8.4 billion (€7.4bn) in 2020 to $13.9 billion (€12.2bn) in 2021, according to a report by Silicon Valley Bank (SVB).
The annual Healthcare Investments and Exits report found that healthtech funding in Europe almost doubled from $1.36 billion (€1.2bn) in 2020 to $2.6 billion (€2.2bn) in 2021.
European investment in...
Swiss healthtech focused private equity firm, MTIP has announced the closing of its MTIP Fund II at $250 million (€221m) in capital commitments.
The oversubscribed fund, which closed above its target of $225 million (€199m), continues its predecessor fund’s strategy of investing in growing and innovative healthtech companies primarily across Europe.
MTIP Fund II is a designated ‘dark green’ fund...
Israel’s Illumigyn is set to export its FDA-cleared “revolutionary” endoscope and console to the Gulf Cooperation Council (GCC) via a new partnership, it has emerged.
The medical device company has signed a Memorandum of Understanding (MoU) with the UAE-based Digital Health Innovation (DHI) 2048 to deploy 2,500 Gynescope systems to the region by the year 2025. Described by Illumigyn as “a new...
Australian legal tech startup creates COVID-19 diagnosis tool
Rulestar has used its automation platform to turn a static flowchart about COVID-19 diagnosis into an online tool.
The startup, whose platform is used to automate complex legal documents, said the new diagnosis tool will help exhausted medical workers in expediting decision-making and raising the quality of their decisions.
"We looked...
Health monitoring solutions company OMRON Healthcare has created the world’s first clinically-validated medical device that accurately detects the presence of wheezing in young children. By providing clear, reliable results, WheezeScan removes the uncertainty of potential misdiagnosis, ensuring children with asthmatic symptoms can access appropriate treatment plans.
The device, which is...
A new platform aimed at streamlining clinical trials in order to lower costs – and increase the efficiency and success rate of a drug or the development of a medical device – has been unveiled by Ben-Gurion University of the Negev (BGU).
The yet-to-be-named programme reportedly “leverages machine learning to optimise a clinical trial’s chances of success” through the analysis of factors including...
Israeli medical device company, Butterfly Medical Ltd, has raised $7 million in a Series B round led by Philadelphia-based New Rhein Healthcare Investors.
Butterfly Medical successfully completed the enrolment of 49 patients to its multi-centre clinical study testing its implantable device for patients suffering from benign prostatic hyperplasia (BPH) or an enlarged prostate.
Follow-up results...
Polish telemedicine innovations company StethoMe has announced they will be rolling out their AI wireless stethoscope following recent collaborations with major telemedicine providers MaQuestionMedicale and HomeDoctor. The company is also in talks with other providers across Europe in the hope of expanding operations.
WHAT IT’S FOR
The EU-certified medical device, which records respiratory...
Health tech manufacturer Phillips-Medisize has announced the opening of a global innovation and development centre in Copenhagen, Denmark to support its long-term growth plans for advanced injection, wearable devices and connected technologies.
The Molex company says it plans for the centre, based in the Teknikerbyen area, to help accelerate the creation of differentiated drug delivery devices...
