Stryker's $700M acquisition of Novadaq gains approval from Canadian court | Funding round pulls in $13M for NeoSync | InVivo swaps warrants for common stock in $2.4M exchange
August 11, 2017
ADVAMED SmartBrief
News for medical technology professionals
Top Story
Stryker's $700M acquisition of Novadaq gains approval from Canadian court
A final order has been issued by the Ontario Superior Court of Justice approving Stryker's acquisition of fluorescence imaging technology maker Novadaq Technologies, valued at $700 million. The completion of the deal is still subject to approvals from US and Canadian antitrust regulators.
MassDevice (Boston) (8/10) 
LinkedIn Twitter Facebook Google+ Email
Business & Market Trends
Funding round pulls in $13M for NeoSync
A round of Series D financing has brought in $13 million for Boston-based clinical-stage firm NeoSync. The proceeds will be used to fund a registration study of the company's NeoSync-EEG Synchronized TMS, or NEST, technology involving patients with treatment-resistant depression, as well as to prepare for the technology's commercial launch.
FinSMEs (8/10) 
LinkedIn Twitter Facebook Google+ Email
InVivo swaps warrants for common stock in $2.4M exchange
A $2.4 million exchange of outstanding warrants for 2 million new shares of common stock has been announced by InVivo Therapeutics. The warrants were issued as part of a financing deal three years ago.
MassDevice (Boston) (8/10) 
LinkedIn Twitter Facebook Google+ Email
Private placement could bring in $2.2M for Biocept
A private placement of common stock and warrants involving Hong Kong-based investment group Ally Bridge LB Healthcare Master Fund could pull in $2.2 million for Biocept. Strategic options are also being discussed by the company and Ally Bridge's Chinese affiliate for leveraging the liquid biopsy platform of Biocept in China.
GenomeWeb Daily News (free registration) (8/10),  Reuters (8/10) 
LinkedIn Twitter Facebook Google+ Email
JustRight, Intuitive Surgical reach licensing deal
An agreement has been reached by JustRight Surgical with Intuitive Surgical granting Intuitive an exclusive global license to JustRight's intellectual property in energy-based tissue stapling and vessel sealing technologies for robotics. The deal includes an equity financing arrangement, as well as collaboration on product development.
DOTMed (8/10) 
LinkedIn Twitter Facebook Google+ Email
New VP of investor relations named by Varian Medical Systems
J. Michael Bruff has been tapped to serve as vice president of investor relations at Varian Medical Systems. Bruff, who most recently served as senior vice president of North America sales strategy and planning at Dell, succeeds Spencer Sias.
AuntMinnie (free registration) (8/10) 
LinkedIn Twitter Facebook Google+ Email
Science & Health
Warning on deaths after intragastric balloons implantation issued by FDA
A letter was released by the FDA alerting health care providers of seven deaths involving patients implanted with liquid-filled intragastric balloon systems, including Apollo Endo Surgery's Orbera Intragastric Balloon System and ReShape Medical's ReShape Integrated Dual Balloon System, for obesity treatment. The FDA seeks to continue its collaboration with the device makers to track possible complications, including spontaneous overinflation and acute pancreatitis, and determine the cause of deaths.
MedPage Today (free registration) (8/10),  Los Angeles Times (tiered subscription model) (8/10) 
LinkedIn Twitter Facebook Google+ Email
Data show positive results for Cardiovascular Systems' DiamondBack 360 system
Results from a trial presented at the annual Amputation Prevention Symposium showed use of peripheral interventions, including Cardiovascular Systems' DiamondBack 360 coronary orbital atherectomy system, for treating patients with critical limb ischemia demonstrated an 81.7% rate of freedom from amputation for Rutherford Classification 6 and 96% for RCs ranging from 4 to 5 at one year. A sub-analysis also showed that at 12 months, vessel preparation using the Diamondback led to a 95.2% rate of freedom from major adverse events without major amputations.
MassDevice (Boston) (8/10) 
LinkedIn Twitter Facebook Google+ Email
Viewpoints on Innovation
Sponsored Content from Kalypso
21 Innovation Imperatives for the 21st Century
As the pace of change accelerates, in today's digital world, underperforming companies will be left in the dust. What will it take to compete and win in a dynamic, digital world? We've identified 21 innovation imperatives to help you prepare, equip and evolve to compete and grow in the 21st century.
Download the eBook.
LinkedIn Twitter Facebook Google+ 
Manufacturing Innovation in a Digital World
The fourth industrial revolution is here and the demand for smart connected products drives the need for smart manufacturing. The digital frontier provides a world of opportunity for manufacturers to reduce downtimes, shorten innovation cycles and boost the bottom line. Those that prepare for the digital future are most likely to survive the wave of digital disruption.
Download the Compendium.
LinkedIn Twitter Facebook Google+ 
Click here to learn more about Featured Content
Emerging Technologies
Bloodstream infection system, assay from iCubate win FDA clearance
The FDA has given molecular diagnostics firm iCubate clearance for the iC-System and the iC-GPC assay for rapid detection of bloodstream infections-related pathogenic bacteria. The system and the in vitro diagnostic test take up to 48 hours less than other tests to deliver results, the company said.
360Dx (tiered subscription model) (8/10) 
LinkedIn Twitter Facebook Google+ Email
Government & Regulatory
AdvaMed looks to win device tax repeal in Congress' remaining agenda
AdvaMed is looking to use this year's remaining congressional agenda, including the reauthorization of the Children's Health Insurance Program and a tax reform package, as vehicles to end the medical device tax and is now organizing a group of industry executives to meet with members of Congress on Sept. 13. Greg Crist, a spokesman for AdvaMed, said the repeal has gained a high level of support as it is included in a House Problem Solvers Caucus plan and a proposal from Sens. Lindsey Graham, R-S.C., and Bill Cassidy, R-La.
Roll Call (free content) (8/10) 
LinkedIn Twitter Facebook Google+ Email
AdvaMed Events and Education
IDE Submissions Workshop
Oct. 18 | Washington, D.C.
During this interactive workshop, the FDA and industry experts will lead you through the regulatory and practical guidelines governing when an investigational device exemption (IDE) is required. Learn more.
LinkedIn Twitter Facebook Google+ Email
Start saving with the AdvaMed Purchasing Group
The AdvaMed Purchasing Group is a new member-only benefit that helps companies purchase the very best goods and services from nationally recognized suppliers at the very best cost, using a trusted and proven vetting system and the collective purchasing power of our membership. Participation is free for AdvaMed members, and there are no minimum commitments. Get started today.
LinkedIn Twitter Facebook Google+ Email
Learn more about AdvaMed:
About AdvaMed | Join | Courses | Events | Newsroom
powered by
Vice President, Clinical Research & Medical Affairs
Compliance Manager, China
Vice President, Instrumentation Platform
MAXCYTE, INC. - Gaithersburg, MD
Manager, Global Health Economics & Reimbursement – Transcatheter Heart Valve
Director, Regulatory Affairs - Transcatheter Mitral & Tricuspid Therapies
Few men during their lifetime come anywhere near exhausting the resources dwelling within them. There are deep wells of strength that are never used.
Richard Byrd,
naval officer and explorer
LinkedIn Twitter Facebook Google+ Email
Sign Up
SmartBrief offers 200+ newsletters
Learn more about the SmartBrief audience
Subscriber Tools:
Contact Us:
Advertising  -  Wynn Hansen
P: 202.470.1149
Jobs Contact  -
Editor  -  Lisa Gough
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2017 SmartBrief, Inc.®
Privacy policy |  Legal Information