Sotera Wireless, one of the earliest stalwarts of the digital health space, filed for Chapter 11 bankruptcy last week in a Southern California court, saying that it did not have enough funds to pay a wide range of debts. Mass Device first broke the news.
The company said in a filing that it has about $2.4 million in cash and owes more than $13 million to creditors, including Silicon Valley Bank...
New Orleans-based Ochsner Health System, which has been on the leading edge of adoption for a number of healthcare innovations in the past, is introducing a new program called Optimal Hospital that encompasses a number of different apps and devices to “improve workflow efficiencies in managing patient care, initiating more frequent and dynamic patient interaction,” according to the health system...
In the last two months, the FDA has cleared a number of clinically-focused mobile health devices. Some are first-time clearances for companies that have been waiting on their 510(k) for a while, including a few MobiHealthNews has been keeping an eye on over the years. Others are incremental clearances for slight hardware or algorithm updates. Here's five mobile health clearances that came through...
Sotera Wireless's ViSi Mobile monitor.
Last year Taiwan-based electronics manufacturer Foxconn quietly acquired a stake in continuous vital signs monitoring company Sotera Wireless for an undisclosed sum. (As MobiHealthNews reported at the time, an SEC filing last April showed that Sotera had raised $20 million from undisclosed backers.) The Wall Street Journal recently reported that Foxconn...
Sotera Wireless's ViSi Mobile monitor.
Medical device maker Sotera Wireless raised $20 million in equity, securities, and options, according to a filing in the SEC. This brings their total announced funding to almost $50 million. The filing also shows that Sotera hopes to raise another $33 million.
Existing Sotera investors include Safeguard Scientifics, Delphi Ventures, Sanderling Ventures,...
Scripps Health is piloting Sotera Wireless's ViSi mobile, a wireless patient monitoring system, with up to 30 patients at Scripps Green Hospital in La Jolla, California. Although the Scripps Translational Science Institute has investigated ViSi devices before, this pilot marks the first time Scripps has used the device in a real-world clinical setting.
The ViSi Mobile system continuously monitors...
Dr. Eric Topol, one of the most well known figures in digital health and Dr. Deepak Chopra, one of the most prominent voices in alternative medicine, are teaming up to measure the effects of meditation with digital health devices. The study of 40 individuals was conducted by the Scripps Translational Science Institute with funding from the Chopra Foundation.
"Although the health benefits of...
Sotera Wireless has received yet another FDA 510(k) clearance for its ViSi remote patient monitoring system, this time for its novel continuous noninvasive blood pressure (cNIBP) monitoring software. The technology, which enables continuous blood pressure monitoring without a cuff or catheter, has been part of Sotera's pitch from the beginning, but was not included in the company's April 2012...
Proteus Biomedical's Raisin system
Halfway through the year, there have already been some major funding stories for mobile health companies. From wearable device companies to a mobile clinical software developer, these funding stories have mentioned trends, goals and important VCs in the field. While MobiHealthNews' state of the industry Q1 2013 and Q2 2013 reports delve deeper into the...
This month the FDA cleared Westborough, MA−based Reflectance Medical's noninvasive, peel-and-stick sensor for measuring muscle oxygen saturation (SmO2) and pH (pHm), an indicator of tissue acidosis. Reflectance's Multi-Parameter Mobile CareGuide 3100, which simultaneously and continually measures those two parameters, secured Class II clearance. Quickly reversing acidosis can help prevent serious...
