The FDA clearance is the latest good news for Masimo, which has been making headway in its patent battle with tech giant Apple. MASI shares were up more than 1% to $94.75 apiece by midday trading today on the news, which came out on the evening of Friday, Nov. 17. MassDevice‘s MedTech 100 Index is up slightly.
According to the company, the Masimo W1 is the first FDA-cleared watch capable of continuously monitoring real-time oxygen saturation (SpO2) and pulse rate for both general and medical use. The FDA’s clearance enables people to use the watch in hospitals, clinics, long-term care facilities, at home, and more.
“Clinicians at numerous prestigious institutions in Europe and the Middle East are already using Masimo W1 in…