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IRHYTHM INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of iRhythm Technologies, Inc. - IRTC
Prnewswire· 2025-07-12 02:12
Core Viewpoint - Kahn Swick & Foti, LLC is investigating iRhythm Technologies, Inc. following a Warning Letter from the FDA regarding non-conformities in medical device regulations and subsequent legal actions against the company and its executives [1][2][3]. Group 1: FDA Warning and Compliance Issues - On May 30, 2023, iRhythm Technologies received a Warning Letter from the FDA concerning non-conformities related to the Zio AT System, specifically addressing deficiencies in medical device reporting and quality system requirements [2]. - The FDA's concerns included undisclosed risks to patients, such as limitations in the transmission of arrhythmia or heart irregularity events [2]. Group 2: Legal Actions and Investigations - Following the FDA's Warning Letter, iRhythm and certain executives were sued in a securities class action lawsuit for failing to disclose material information, violating federal securities laws [3]. - The court has denied the company's motion to dismiss the case, allowing the lawsuit to proceed, while KSF's investigation focuses on potential breaches of fiduciary duties by iRhythm's officers and directors [3].
Movano Health Plans to Timely Request a Hearing Before a Nasdaq Hearings Panel
Prnewswire· 2025-07-11 21:30
Core Viewpoint - Movano Health has received a delisting notice from Nasdaq due to non-compliance with the minimum bid price requirement and late filing of its Form 10-Q for the quarter ended March 31, 2025 [1][2]. Group 1: Delisting Notice Details - The company was notified on July 7, 2025, that its common stock's closing bid price had fallen below $1.00 per share for 30 consecutive trading days, violating the Bid Price Requirement [2]. - The company is not eligible for any compliance period due to a reverse stock split that occurred within the prior year [2]. - Movano Health plans to request a hearing before a Nasdaq Hearings Panel to contest the delisting and intends to seek an extended stay of suspension during the hearings process [1][3]. Group 2: Company Background - Movano Health, founded in 2018, focuses on developing healthcare solutions that provide medical-grade data through wearable devices [4]. - The company's technologies aim to proactively monitor and manage health outcomes across various patient populations [5].
INVESTOR ALERT: Investigation of RxSight, Inc. (RXST) Announced by Holzer & Holzer, LLC
GlobeNewswire News Room· 2025-07-11 19:10
ATLANTA, July 11, 2025 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether RxSight, Inc. (“RxSight” or the “Company”) (NASDAQ: RXST) complied with federal securities laws. On July 8, 2025, RxSight announced select preliminary financial results for the second quarter 2025 and revised full-year 2025 guidance, revealing declines in revenue, Light Delivery Devices sales, and usage of Light Adjustable Lenses. Following this news, the price of the Company’s stock dropped. If you purchased RxSight s ...
Smart Money Going in Senior Health: Key Stocks in Elderly Care
ZACKS· 2025-07-11 14:50
Demographic Shift and Healthcare Demand - The world is experiencing a significant demographic shift with populations aging rapidly, where individuals aged 60 and older outnumber children under five for the first time in 2020, projected to exceed 2 billion by 2050 [2] - The U.S. population aged 65 and older is expected to nearly double by 2050, with those aged 85 and older projected to triple by 2060 [2] Geriatric Care Market Growth - The global geriatric care services market, valued at $1 trillion in 2022, is expected to more than double by 2033, driven by growth in pharmaceuticals, medical devices, long-term and home-based care, and digital health solutions [3] Healthcare Challenges in the U.S. - Mortality rates among seniors have increased by 4.5% annually, with a 50% rise for those aged 85 and older; Alzheimer's and dementia-related deaths are up 40% [4] - Hospital utilization is surging, with admissions rising by 25%, average stay lengthening, readmissions increasing by 20%, and emergency visits soaring by 40% [4] Pharmaceutical and Device Companies' Response - Pharmaceutical firms like Roche and Novo Nordisk are focusing on high-demand areas, while device makers such as Edwards Lifesciences and Stryker are advancing tools for chronic disease management [5] Digital Health Innovations - Digital health is transforming elder care with AI-powered diagnostics, remote monitoring, and wearables, leading to better outcomes and new revenue models [6] - The demand for home care is rising as more seniors choose to age at home, although a projected shortage of 2.3 million long-term care workers by 2030 poses challenges [6] Financial Trends in Senior Care - U.S. senior care spending exceeded $1 trillion in 2022 and could double by 2040, emphasizing the need for value-based models and efficient chronic disease management [7] Roche's Strategic Initiatives - Roche is advancing Alzheimer's diagnostics with the Elecsys Amyloid Plasma Panel, showing 91% sensitivity and 96.2% negative predictive value, and has announced a $50 billion investment in U.S. operations over five years [8][9] Novo Nordisk's Regulatory Wins - Novo Nordisk's Ozempic received FDA approval for reducing kidney disease progression and cardiovascular death in adults with Type 2 diabetes, and the company is investing €2.34 billion to upgrade its production facility in Italy [10][11] Edwards Lifesciences' Innovations - Edwards Lifesciences is focusing on aortic stenosis care, with new data showing early treatment reduces costs and improves outcomes; TAVR sales reached $1.05 billion in Q1 2025 [12][13] Stryker's Market Penetration - Stryker is making strategic investments in senior healthcare, enhancing capabilities in minimally invasive neurosurgery through acquisitions, and offering products designed to improve outcomes for elderly patients [14][15]
Ventripoint and Lishman Global Sign Non-binding Term Sheet Defining License for VMS+ Technology
Thenewswire· 2025-07-11 14:35
Toronto, Ontario – TheNewswire - July 11, 2025 – Ventripoint Diagnostics Ltd. (“Ventripoint” or the “Corporation”), (TSXV:VPT) is pleased to announce that it has signed a non-binding term sheet with Lishman Global Inc. outlining the exclusive , non-transferable license of Ventripoint technology for use within Lishman’s echocardiography image platform in the People’s Republic of China including the Special Administrative Regions of Hong Kong and Macao (the “Territory”). Previously, Lishman’s Chinese subsi ...
Johnson Fistel Begins Investigation on Behalf of RxSight, Inc. (RXST) Shareholders
GlobeNewswire News Room· 2025-07-11 14:12
SAN DIEGO, July 11, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP is investigating whether RxSight, Inc. (NASDAQ: RXST), or any of its executive officers, violated federal securities laws by making false or misleading statements or failing to disclose material information to investors. What if I purchased RXST securities?If you purchased RxSight securities and suffered losses on your investment, you may be eligible to participate in our investigation. To join, please click here: ...
3 AI-Driven Medical Device Stocks to Watch in 2025
ZACKS· 2025-07-11 13:01
Core Insights - The integration of generative AI and agentic AI in medical devices is transforming clinical workflows and patient care, with generative AI focusing on content creation and design optimization, while agentic AI enables autonomous decision-making based on real-time data [1][3] Group 1: AI Integration in Medical Devices - Generative AI is used to create synthetic medical images for training diagnostic tools, enhancing datasets [1] - Agentic AI supports predictive maintenance in medical equipment, reducing downtime through fault detection and automated service scheduling [3] - AI-powered tools like Nuance Communications's Dragon Ambient eXperience improve clinical documentation by transcribing doctor-patient conversations into structured notes [2] Group 2: Key Factors Driving AI Adoption - There is a rising demand for precision and personalized medicine, with AI enabling individualized diagnostics and treatments based on patient-specific data [5] - The regulatory environment is favorable, with over 700 AI-enabled devices approved by the FDA, significantly increasing from 2020 [6] Group 3: Medical Device Stocks to Watch - Boston Scientific Corporation (BSX) is investing in AI for improved procedural outcomes, with a projected 2025 sales growth rate of 16.4% and earnings expected to grow by 15.9% [8][7] - Johnson & Johnson (JNJ) employs AI in surgical robotics and digital surgery analytics, with a historical earnings growth rate of 5.5% and projected sales growth of 2.8% for 2025 [11][10] - GE HealthCare Technologies Inc. (GEHC) leads in FDA-cleared AI devices, with a projected sales growth rate of 3.2% for 2025 and a focus on enhancing imaging through AI solutions [13][12]
North America Cystoscopes Market Outlook Report 2025-2033 Featuring Key Companies - Olympus, KARL STORZ, Stryker, PENTAX Medical, Richard Wolf, Ambu, Laborie Medical Technologies
GlobeNewswire News Room· 2025-07-11 09:07
Dublin, July 11, 2025 (GLOBE NEWSWIRE) -- The "North America Cystoscopes Market Outlook to 2033 - Rigid Non-Video (Fibre) Cystoscopes, Flexible Video Cystoscopes and Flexible Non-Video (Fibre) Cystoscopes" has been added to ResearchAndMarkets.com's offering. The "North America Cystoscopes Market Outlook to 2033" is an in-depth databook report offering critical insights into the North America Cystoscopes market. This comprehensive report provides detailed market data, including value in USD, volume in units ...
North America Ureteroscopes Market Outlook Report 2018-2033 with an Overview of Key Companies - Boston Scientific, KARL STORZ, Olympus, PENTAX Medical, and Richard Wolf
GlobeNewswire News Room· 2025-07-11 09:05
Dublin, July 11, 2025 (GLOBE NEWSWIRE) -- The "North America Ureteroscopes Market Outlook to 2033 - Flexible Non-Video (Fibre) Ureteroscopes, Semi Rigid Ureteroscopes and Flexible Ureteroscopes" report has been added to ResearchAndMarkets.com's offering.The report provides value (USD), volume (units) and average prices (USD) within market segments - Semi Rigid Ureteroscopes, Flexible Non-Video (Fibre) Ureteroscopes and Flexible UreteroscopesThe North America Ureteroscopes Market report provides key informa ...
The Best High Yield Medical Device Stock to Invest $1,000 in Right Now
The Motley Fool· 2025-07-11 08:25
One of the good things about the healthcare sector is that most medical care isn't optional. This is the foundation behind the sector, but on that foundation sits the growth opportunity that comes with medical advances.Right now one of the best healthcare stocks to look at is medical device giant Medtronic (MDT 0.39%), which is offering a historically high 3.2% dividend yield.Here's why you might want to invest $1,000 in it right now, a sum that will allow you to buy roughly 11 shares. What Medtronic has to ...