Surmodics (Nasdaq: SRDX) announced a restructuring that includes cutting 13% of the workforce at the Eden Prairie, Minnesota-based IVD tech developer. In its most recent annual report, Surmodics listed a headcount of 447, which means the layoff could involve nearly 60 workers. The cost-reduction plan will save roughly $10 million to $11 million … [Read more...] about Surmodics is laying off roughly 60 workers
Coatings
The top 10 catheter innovation news stories of 2022
This year was a big one for catheter innovation as medtech companies large and small received regulatory approvals and researchers developed catheters that could soon make navigating the vasculature system easier. The numerous innovations weren't just limited to adults. One company launched a cryoablation catheter for children as young as 2 … [Read more...] about The top 10 catheter innovation news stories of 2022
The 24 best medical device innovations of 2022
The Galien Foundation recently announced its nominees of medical device innovations for its 2022 Prix Galien USA awards. There are 24 medical technologies nominated for the annual award this year, up from 18 nominees in 2021. The Galien Foundation’s annual Prix Galien awards highlight devices, biotechnology and pharmaceutical products … [Read more...] about The 24 best medical device innovations of 2022
Boston Scientific acquires Obsidio and its gel embolic material
Boston Scientific (NYSE:BSX) today announced the acquisition of Obsidio and its blood vessel embolization material technology. The financial details of the deal were not disclosed. Obsidio develops gel embolic material (GEM) technology that is used for the embolization of blood vessels in the peripheral vasculature. It is a semi-solid, gel-link … [Read more...] about Boston Scientific acquires Obsidio and its gel embolic material
Advanced NanoTherapies closes $7.2M Series A for drug-coated balloon
Advanced NanoTherapies announced today that it closed an oversubscribed Series A equity financing round. Los Gatos, California-based Advanced NanoTherapies, which develops the SirPlux Duo drug-coated balloon (DCB) for treating de novo coronary artery disease (CAD) lesions, has now raised $12.5 million in total since September 2020. Get the full … [Read more...] about Advanced NanoTherapies closes $7.2M Series A for drug-coated balloon
BioInteractions launches antimicrobial coating
BioInteractions (Reading, U.K.) recently announced the launch of its TriDant antimicrobial coating. TridAnt includes active and passive components. The result, according to BioInteractions, is a non-leaching coating that provides infection resistance to a surface and reduces biofilm formation — all without any toxic or eluting components. The … [Read more...] about BioInteractions launches antimicrobial coating
Applied Plastics adds PTFE Natural coated hypotubes to online webstore
Applied Plastics, a portfolio company of Vance Street Capital, recently announced that it has added PTFE Natural coated hypotubes to its online webstore. PTFE Natural is a proprietary coating process that delivers a lubricious and durable coating to support advanced catheter design, according to the Norwood, Massachusetts–based … [Read more...] about Applied Plastics adds PTFE Natural coated hypotubes to online webstore
FDA approves Urotronic’s Optilume drug coated balloon for urethral strictures
Urotronic today announced that it received FDA approval for its Optilume urethral drug-coated balloon for male urethral strictures. Plymouth, Minnesota–based Urotronic designed the paclitaxel-coated balloon to inhibit new scar tissue growth that can occur after endoscopic dilations. Urethral strictures are scars in or around the urethra that can … [Read more...] about FDA approves Urotronic’s Optilume drug coated balloon for urethral strictures
Lumendi launches hydrophilic coating for endoscopic devices
Lumendi today announced that it launched its EZ Glide hydrophilic coating for double-balloon endoluminal devices. The hydrophilic coating is designed for the inner sheath of the company's DiLumen EIP double-balloon endoluminal, which is used to improve the navigation of the endoscope through the bowel to create a stabilizing therapeutic zone … [Read more...] about Lumendi launches hydrophilic coating for endoscopic devices
MedAlliance nabs FDA breakthrough nod for drug-eluting coronary balloon
MedAlliance today said it received FDA breakthrough device designation for its Selution SLR sustained limus release drug-eluting balloon catheter. Selution SLR is designed to treat atherosclerotic lesions in native coronary arteries. The breakthrough designation was awarded for its design of improving luminal diameter in patients with … [Read more...] about MedAlliance nabs FDA breakthrough nod for drug-eluting coronary balloon
