Acutus Medical announces pricing of $158.8M IPO | Blood diagnostics startup Sight raises $71M | Q2 sales rise for Accelerate Diagnostics
August 7, 2020
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Top Story
Biocept and Aegea Biotechnologies will be working together to develop a PCR-based COVID-19 assay using Switch-Blocker technology. The deal's financial terms were not disclosed.
Full Story: GenomeWeb Daily News (free registration) (8/6) 
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Business & Market Trends
An initial public offering of more than 8.8 million shares of common stock has been priced by Acutus Medical at $18 each with the goal of raising $158.8 million. The offering, set to close Aug. 10, includes a 30-day option for underwriters to buy 1,323,529 more shares.
Full Story: BioWorld (free content) (8/6) 
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Sight Diagnostics, an Israeli startup that developed a blood analysis machine that uses machine vision, raised $71 million in its Series D round. With the new capital in hand, the company will focus on sales in the US.
Full Story: TechCrunch (tiered subscription model) (8/5) 
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Accelerate Diagnostics generated $2.1 million in revenues during its second quarter, up 17% from the same period a year earlier
Full Story: 360Dx (tiered subscription model) (8/6) 
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Science & Health
Digital breast tomography was more cost-effective than digital mammography in 66% of breast screening scenarios at a willingness-to-pay threshold of $38,500 per life-year gained and 36% of scenarios at a threshold of $22,000, according to a study in Radiology. The study found cost-effectiveness of DBT varied based on willingness-to-pay thresholds and digital mammography recall rates, researchers said.
Full Story: AuntMinnie (free registration) (8/7) 
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Emerging Technologies
Israel-based PregnanTech has created LIONESS, an implantable device that keeps the cervix elongated despite contractions and lessens the load on the cervix, helping prevent preterm birth.
Full Story: MedGadget (8/6) 
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Government & Regulatory
The FDA has given emergency use authorization to Vela Diagnostics for the manual version of its ViroKey SARS-CoV-2 RT-PCR Test.
Full Story: MassDevice (Boston) (8/6) 
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The FDA has given expanded clearance to Adaptive Biotechnologies for its clonoSEQ assay that is used to evaluate minimal residual disease in chronic lymphocytic leukemia patients. The test can now be used to monitor and detect MRD in bone marrow or blood samples.
Full Story: GenomeWeb Daily News (free registration) (8/6) 
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European regulators have given CE mark approval to DiaSorin for its Liaison Testosterone xt test that can help detect fertility disorders like hyperandrogenism and hypogonadism.
Full Story: 360Dx (tiered subscription model) (8/6) 
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With our member companies on the front lines of the fight against the COVID-19 pandemic, AdvaMed is working diligently to address the medtech industry's needs and provide resources that support you and your businesses during this challenging time. To better support you, we have launched a new COVID-19 Resource Center to provide important information to companies about the federal response to COVID-19, best practices and other valuable resources. Learn more.
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