Medtech Innovator Archives - Page 2 of 3

Endiatx’s pill-sized robot sees and swims inside the stomach

Endiatx co-founder and CEO Torrey Smith with PillBot [Photo by Hardy Wilson for MDO]

An unconventional CEO and his team take aim at endoscopies with faster, cheaper stomach imaging — and that’s just the start. Welcome to the era of tiny robots inside the body.

As he prepared to swallow his robot for the first time, Torrey Smith’s doctors warned that the battery was his greatest threat.

If the capsule came apart and the battery burned the tissue lining his stomach, it would only be the beginning of a very bad experience.

“I was just hoping that we would get any kind of a positive signal that we were on the right track,” Smith, co-founder and CEO of Endiatx, said of the June 2020 test. “At that time, our radio bandwidth was so limited. We were pushing 48 pixels square of grayscale, not even color, at just a few frames per second. The worst video quality you could imagine —…

6 startup trends from Deloitte and MedTech Innovator — and warnings for established medical device companies

The medical device industry is shifting, and startups and established medical device companies alike should prepare for key trends identified in a new report from Deloitte.

Deloitte’s Center for Health Solutions and MedTech Innovator worked together to analyze MTI’s database of approximately 1,000 applicants for MTI’s 2021 startup accelerator program.

The startups that applied had at least developed a prototype, but had not yet progressed beyond a series D round of funding. They come from 48 states in the U.S. and 43 countries.

Alva Health was named as the competition’s winner last week, but they’re not the only promising company. Of this year’s applicants, about three-quarters have raised equity funding, totaling a collective $3.9 billion. More than one-fifth of the applicants already have customers, and 9 percent have won regulatory approval.

As part of its analysis, Deloitte interviewed leaders from startups and medtech companies that could be …

Alva Health stroke monitor wins MedTech Innovator startup prize

Alva Health’s stroke monitor [Photo courtesy of Alva Health]

MedTech Innovator has awarded its $350,000 global startup competition grand prize to Alva Health.

Alva Health has developed a wearable, real-time stroke monitor. The New Haven, Connecticut-based startup won the medical device accelerator competition after a Wednesday vote by attendees of The MedTech Conference, organized by AdvaMed.

“Alva Health’s mission is to develop, commercialize and make accessible a first-in-class medical device that accurately detects strokes using patient-worn wearables,” Alva Health co-founder and CEO Sandra Saldana said in a news release. “This award represents a recognition of the tremendous clinical unmet need for patients, and an important milestone in Alva Health’s journey. We are grateful to the MedTech Innovator community for their support and for the opportunity to receive mentorship fro…

MedTech Innovator selects 50 startups for showcase and accelerator program

MedTech Innovator today revealed the 50 startups it selected to partake in its flagship showcase and accelerator program.

The four-month program offers the startups visibility and access to leading manufacturers, providers, investors and other industry stakeholders, with up to $500,000 available in cash and in-kind prizes during the final competition at The MedTech Conference, powered by AdvaMed.

Get the full story at our sister site, Medical Design & Outsourcing.

MedTech Innovator selects 50 startups for showcase and accelerator program

MedTech Innovator today revealed the 50 startups it selected to partake in its flagship showcase and accelerator program.

The four-month program offers the startups visibility and access to leading manufacturers, providers, investors and other industry stakeholders, with up to $500,000 available in cash and in-kind prizes during the final competition at The MedTech Conference, powered by AdvaMed.

According to a news release, the program will begin virtually on June 15 with the annual MedTech Innovator Summit, at which the selected companies will collaborate with MedTech Innovator’s partners during exclusive virtual networking events and interactive workshops. A subset of 25 companies will participate in the accelerator program, where they will be matched with senior industry leaders to receive in-depth, customized mentorship and support.

The program ends with The MedTech Conference, powered by AdvaMed, which will be held between Sep. 27 and Sep. 30…

This imaging device could be a breast cancer treatment breakthrough

OncoRes Medical’s system may detect cancer cells on a microscopic scale during a lumpectomy, potentially averting the need for a second breast cancer surgery.

Combining optical coherence tomography imaging (OCT; left) with micro-elastography technologies, OncoRes’ quantitative micro-elastography (QME) imaging system provides real-time tumor assessment that helps surgeons more accurately identify and remove cancerous tissue. (Image courtesy of OncoRes Medical)

Having breast surgery to remove a cancerous lump is traumatic enough. Learning that you’ll need another operation to remove cancer cells that the surgeon couldn’t detect the first time only adds to the worry — and the cost.

Australian startup OncoRes Medical won FDA breakthrough device designation in October 2020 for its handheld imaging device designed to identify residual cancer cells in breast tissue after the surgeon has removed a tumor but before concluding the procedure. The idea is to enable surgeon…

MedTech Innovator team launches BioTools Innovator accelerator

MedTech Innovator announced today that its new BioTools Innovator accelerator program has launched.

BioTools Innovator is intended to advance life science tools innovation and improve human health by accelerating the growth of startups developing and commercializing a wide range of biotech products, platforms and services, according to a news release.

Get the full story at our sister site, Drug Discovery & Development.

MedTech Innovator team launches BioTools Innovator accelerator

MedTech Innovator announced today that its new BioTools Innovator accelerator program has launched.

BioTools Innovator is intended to advance life science tools innovation and improve human health by accelerating the growth of startups developing and commercializing a wide range of biotech products, platforms and services, according to a news release.

Across a three-month accelerator program, 10 promising early-stage companies from around the world will feature as they develop research tools and services for biotech, biomedicine, cell biology, molecular biology, genetics and biochemistry. The accelerator offers education, mentorship and funding opportunities through the established MedTech Innovator model.

Applications for the accelerator opened today and close on April 30. Reviewers will determine which 30 startups will be invited to pitch across virtual events in May and June before 10 companies will advance to participate in the virtual accelerator. T…

Medipines wins medtech for kids contest

MediPines announced that it was selected as a winner in a COVID-19 edition of a National Capital Consortium for Pediatric Device Innovation competition.

The “Make Your Medical Device Pitch for Kids!” competition, presented by the FDA-sponsored consortium, centered on COVID-19 related innovations in pediatric medical devices.

Sixteen finalists competed in a virtual pitch event with eyes on a share of $250,000 in total grant awards, with MediPines collecting an undisclosed amount in grants as a competition winner.

The company was among eight winners selected by a panel of 75 judges in the competition, which was presented by NCC-PDI co-founders Sheikh Zayed Institute for Pediatric Surgical Innovation at Children’s National Hospital and the A. James Clark School of Engineering at the University of Maryland. The event was powered by MedTech Innovator.

“These winners represent some of the most promising emerging medical device in…

MedTech 100 roundup: Markets dip again

Medtech stocks continue to fluctuate amid the COVID-19 pandemic, with a significant dip in the shares belonging to the industry’s biggest names.

MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 81.88 points at the end of last week (June 26). That total represents a -3.7% decrease from the 85.00-point total at the same time a week prior (June 19), demonstrating another downturn after a 3.5% bump just one week before.

Meanwhile, the S&P 500 Index experienced a -2.9% drop from June 19 to June 26, and the Dow Jones Index fared slightly worse with a -3.3% decrease over the same period of time. Both indexes mirrored the medtech industry’s changes, having each posted marginal increases the week before.

Medtech’s lowest point during the COVID-19 pandemic remains at 62.13 on March 23. Since then, the industry’s stocks have experienced 31.8% growth in total. Stocks in the industry remai…

20 medical device startups you need to know

The medtech industry isn’t immune from COVID-19 troubles, but exciting innovation continues. These 20 medical device startups have grabbed our attention.

Tom Salemi, DeviceTalks Editorial Director and Sean Whooley, Assistant Editor

A number of medical device startups continue to make waves across the space, with new technologies and eye-watering fundraising rounds highlighting some exciting prospects.

From treating children with congenital heart disease to therapy that alleviates the effects of traumatic nightmares — and with plenty more innovations between — there is no shortage of intriguing medical devices and therapies coming up through the ranks.

“Even in the face of the COVID-19 pandemic, we continue to see tremendous energy in the medtech innovation ecosystem,” said Paul Grand, CEO of MedTech Innovator. “We are noticing a strong trend of minimally invasive medical devices that improve patient outcomes and require less time spent in th…

20 medical device startups you need to know

The medtech industry isn’t immune from COVID-19 troubles, but exciting innovation continues. These 20 medical device startups have grabbed our attention.

Tom Salemi, DeviceTalks Editorial Director and Sean Whooley, Assistant Editor

A number of medical device startups continue to make waves across the space, with new technologies and eye-watering fundraising rounds highlighting some exciting prospects.

From treating children with congenital heart disease to therapy that alleviates the effects of traumatic nightmares — and with plenty more innovations between — there is no shortage of intriguing medical devices and therapies coming up through the ranks.

“Even in the face of the COVID-19 pandemic, we continue to see tremendous energy in the medtech innovation ecosystem,” said Paul Grand, CEO of MedTech Innovator. “We are noticing a strong trend of minimally invasive medical devices that improve patient outcomes and require less time spent in th…