Financing round brings in $96M for Nectero | DOD contracts Cook Medical for implantable medical devices | Capitainer to boost US, EU sales efforts with new funds
April 12, 2024
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Top Story
Steris has announced the sale of its dental segment to Peak Rock Capital in a cash transaction of $787.5 million. The business includes Steris' infection control products and dental instruments.
Full Story: MedTech Dive (4/11) 
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Business & Market Trends
Nectero Medical has secured $96 million during a completed Series D financing round. The company plans to use the proceeds to support a Phase 2/3 study and to pursue an FDA submission for its Nectero Endovascular Aneurysm Stabilization Treatment system.
Full Story: MassDevice (Boston) (4/11) 
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The Department of Defense has given an ECAT contract to Cook Medical for implantable vascular medical devices, such as the Zilver PTX drug-eluting peripheral stent, Zenith aortic endografts and other vascular disease-related interventional devices. "With this contract, Cook implantable devices will be available to all US DOD hospitals in the US, Hawaii and Alaska and will expand to cover all overseas hospitals in the coming months," said Cook Medical VP of Supply Chain Ross Harvey.
Full Story: MassDevice (Boston) (4/11) 
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Capitainer has raised additional funds of $2 million in a capital boost from Sciety and Sciety Venture Partners. The company, which develops self-sampling technology, intends to use the proceeds to support sales efforts in the US and Europe and boost production capacity.
Full Story: 360Dx (tiered subscription model) (4/10) 
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Science & Health
A study found that the GeneSight Psychotropic test from Myriad Genetics was associated with a 29% decrease in hospitalizations and a 39% relative decrease in psychiatric-linked hospitalizations. The test is a genetic-based decision-support testing tool for gene analysis that aids clinicians in prescribing the proper medication.
Full Story: Medical Device Network (UK) (4/10) 
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A study in the European Heart Journal found that coronary computed tomography angiography combined with fractional flow reserve from CCTA may aid planning for coronary artery bypass grafting without the use of invasive coronary angiography data. "The key finding of this first-in-human study is the 99.1% feasibility, which is driven by the relatively good diagnostic concordance between CCTA and ICA," researchers said.
Full Story: Cardiovascular Business (4/10) 
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Emerging Technologies
SpotSee has released its temperature indicator called TempMonitor. The single-use tool is for use by patients who take glucagon-like peptide-1 medications and insulin and provides visual indication when a medicine has been exposed to unacceptably elevated temperatures.
Full Story: eMPR (4/10) 
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Government & Regulatory
Roche has secured breakthrough device designation from the FDA for its Elecsys pTau217 plasma biomarker assay. The assay is used to determine the absence or presence of amyloid pathology, which is linked to Alzheimer's disease.
Full Story: Medical Device Network (UK) (4/11) 
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The Acolyte Image Guided Crossing and Re-Entry Catheter System from Simpson Intervention has gained breakthrough device designation from the FDA. The system aids in placing and positioning catheters and guidewires in the coronary vessels.
Full Story: Medical Device Network (UK) (4/11) 
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European regulators have given EU MDR certification to Getinge's Advanta V12 covered stent system to treat patients with aortoiliac occlusive disease. The system is used to treat patients with renal artery stenosis and/or aortoiliac occlusive disease.
Full Story: MassDevice (Boston) (4/11) 
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