An APAC study on healthcare technology startups provides insights into how the COVID-19 pandemic has affected the sector.
The report also reveals how SMEs can be supported to overcome the common challenges they face in upscaling and growth.
Titled "Asia Pacific's Healthcare Technologies Ecosystem: Enhancing Start-up and SME success," the Medtronic-Economist Impact whitepaper was released...
French startup SafeHeal has closed a €40M financing round led by Sofinnova Partners, a European venture capital firm and Singapore-based medical device company, Genesis MedTech. The colovac device aims to ease digestive surgeries.
WHY IT MATTERS
With the funding secured, SafeHeal is to continue and accelerate a running clinical trial named SAFE-2 in the US and Europe which has already been...
Chinese medtech firm Ronovo Surgical has raised an undisclosed amount in a Series A funding round.
The financing round was led by Matrix Partners China and US-based Vivo Capital, which manages about $5.8 billion worth of assets.
WHAT IT DOES
Staffed by surgeons, medtech veterans and robotics experts, the two-year-old company aims to “democratise” digital and minimally invasive surgery (MIS) in...
gammaCore, a handheld device used to alleviate cluster headaches, is now availble through NHS England following successful trials.
The roll out of the medical device is supported by the Medtech Funding Mandate, which fast-tracks innovations in the NHS. This mandate is part of the NHS Long Term Plan and came into effect on 1 April 2021.
WHY IT MATTERS
gammaCore works to relieve pain by delivering...
The UK government has released a proposed regime on the regulation of medical devices in Great Britain, Northern Ireland and the European Union post Brexit.
Under the guidance, the Medicines and Healthcare products Regulatory Agency (MHRA) will continue to recognise CE marks and certificates issued by European Economic Area-based Notified Bodies until 30 June 2023.
From 1 July, companies will...
Leaders from across the health sector released a joint statement underlining the potential of the recently-published draft proposal for a European Partnership for Health Innovation, or Innovative Health Initiative (IHI), released by the European Commission.
The statement – which accounts for COCIR, EFPIA, EuropaBio, MedTech Europe and Vaccines Europe, all partners in the initiative – acknowledge...
As COVID-19 sweeps around the world, we are starting to see countries exit from lockdown, others introducing more stringent lockdown and others relying on the resilience of their health and care systems to allow them to make changes which are more discreet and focused on trying to avoid the economic and political effects of more stringent approaches.
The explosion of data points
Health and care...
US medical technology provider Medtronic has announced the acquisition of Digital Surgery, a UK-based company specialising in surgical AI and digital education and training. The purchase integrates Digital Surgery into Medtronic’s Surgical Robotics business, a subset of their Minimally Invasive Therapies Group.
WHY IT MATTERS
Medtronic is the largest medical device supplier in the world. By...
Israeli MedTech venture capital fund Peregrine Ventures has just closed its fourth fund, Peregrine 4, raising $115m.
Peregrine 4 will continue to invest in early stage and late stage rounds of medical technology startups.
Its partners include some of the leading institutional and private equity investors from Israel, the US, Europe and Australia.
WHAT THEY DO
Peregrine Ventures has been at the...
Just 27% of 230 medical device makers surveyed expect to be in full compliance with the European Union’s Medical Device Regulation (MDR), which goes into effect in May next year, a study has found.
The Regulatory Affairs Professionals Society (RAPS) and US tax, audit and advisory firm KPMG surveyed companies internationally, with 91% of participants from the EU and North America.
Of those...
