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Gentherm Expands Strategic Partnership with DUOMED to Enhance Distribution Across Europe
Globenewswire· 2025-06-27 12:00
Core Insights - Gentherm expands its partnership with DUOMED into France, enhancing patient temperature management technologies across Europe [1][2] - DUOMED will distribute Gentherm's full patient temperature management portfolio, including the Astopad and Vytil-branded systems [2] - The partnership aims to leverage DUOMED's strong presence and relationships in Europe to improve healthcare delivery [3][4] Company Overview - Gentherm is a global leader in thermal management and pneumatic comfort technologies, with a diverse product range in automotive and medical sectors [5] - In 2024, Gentherm reported annual sales of approximately $1.5 billion and secured $2.4 billion in new automotive business awards [5] - DUOMED, part of the Palex group, specializes in medical technology sales, consultancy, and support, focusing on high-quality solutions for healthcare professionals [6] Product Insights - The Astopad resistive warming system and Vytil-branded convective warming system are key offerings in the partnership [2] - Early feedback from French clinicians indicates a preference for Vytil blankets due to their superior quality compared to competitors [4] - Vytil products are recognized for their quality, safety, and value, with a focus on usability and innovation [7]
Global Healthcare Technology Leader Selects Kneat
Globenewswire· 2025-06-26 21:09
Core Insights - Kneat.com, inc. has signed a multi-year Master Services Agreement with a leading healthcare technology and diagnostics company to digitize and automate validation and quality processes [1][2] - The healthcare technology company employs over 50,000 people and operates manufacturing facilities in more than a dozen countries [2] - The agreement will initially focus on digitizing Commissioning, Qualification, and Validation workflows at several key manufacturing sites [2][3] Industry Trends - The trend towards digital validation in the life sciences sector is accelerating, with 93% of organizations either using or planning to use digital validation, up from 86% in 2024 [3] - Digital validation is recognized for delivering speed to market, scalable compliance, and a foundation for future automation and AI innovations [3] Company Performance - Kneat Solutions is noted for its efficiency in validation and compliance through its digital validation platform, Kneat Gx, which is fully certified and compliant with industry standards [4] - Customer studies indicate that Kneat Gx can reduce documentation cycle times by up to 40% and speed to market by up to 20% [4]
Lifeward Announces Closing of $2.6 Million Public Offering
Globenewswire· 2025-06-26 20:15
Core Viewpoint - Lifeward Ltd. has successfully closed a public offering of 4,000,000 ordinary shares and accompanying warrants, raising approximately $2.6 million in gross proceeds, which will be used for commercial efforts and working capital [1][3]. Group 1: Offering Details - The public offering price was set at $0.65 per ordinary share and associated ordinary warrant, with the warrants having an exercise price of $0.65 and expiring five years from the issuance date [1]. - H.C. Wainwright & Co. served as the exclusive placement agent for the offering [2]. - The potential additional gross proceeds from the exercise of the ordinary warrants, if fully exercised, could amount to another $2.6 million [3]. Group 2: Company Overview - Lifeward Ltd. is a leader in innovative medical technology aimed at transforming the lives of individuals with physical limitations or disabilities [1]. - The company offers a range of products including the ReWalk Exoskeleton, AlterG Anti-Gravity System, ReStore Exo-Suit, and MyoCycle FES System, focusing on rehabilitation and recovery [6]. - Founded in 2001, Lifeward operates in the United States, Israel, and Germany, with a mission to drive innovation in the field of physical rehabilitation [6].
3D Systems Advances Regenerative Medical Solutions for First-of-its-Kind Peripheral Nerve Repair
Globenewswire· 2025-06-26 12:30
Core Insights - 3D Systems has achieved FDA approval for a 3D bioprinting solution for the regenerative repair of peripheral nerve damage, in collaboration with TISSIUM [1][4] - The newly developed device, COAPTIUM® CONNECT with TISSIUM Light, is a bioabsorbable, atraumatic, and sutureless solution for nerve repair, marking a significant milestone in the industry [1][4] - The global 3D bioprinting market is projected to grow from $1.3 billion in 2024 to $2.4 billion by 2029, indicating strong growth potential for the sector [3] Company Developments - 3D Systems has been a leader in bioprinting for nearly a decade, focusing on developing technologies for regenerative medicine and personalized healthcare [2][3] - The company has collaborated with United Therapeutics Corporation since 2017 to create an unlimited supply of human lungs for transplantation, showcasing its commitment to advancing medical solutions [2][3] - 3D Systems has produced over two million implants and instruments for more than 100 CE-marked and FDA-cleared devices, demonstrating its extensive experience in the medical device sector [3] Industry Impact - The collaboration with TISSIUM sets a new standard for high-resolution elastomeric 3D-printed medical implants, enhancing the capabilities of bioprinting technologies [4] - 3D Systems' innovations in bioprinting are expected to transform patient care by enabling the fabrication of living tissues and developing new therapeutics [5] - The advancements in 3D bioprinting are anticipated to accelerate the adoption of additive manufacturing in the medical field, contributing to improved healthcare delivery [4][5]
Lifeward Announces Pricing of $2.6 Million Public Offering
Globenewswire· 2025-06-25 13:10
Core Viewpoint - Lifeward Ltd. has announced a public offering of 4,000,000 ordinary shares and accompanying warrants at a price of $0.65 per share, aiming to raise approximately $2.6 million for commercial efforts and working capital [1][3]. Group 1: Offering Details - The public offering includes 4,000,000 ordinary shares and warrants to purchase an additional 4,000,000 shares at the same price of $0.65 [1]. - The ordinary warrants will be exercisable immediately and will expire five years from the issuance date [1]. - The expected gross proceeds from the offering are approximately $2.6 million before deducting fees and expenses [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for continuing commercial efforts, working capital, and general corporate purposes [3]. Group 3: Regulatory Information - The offering is being conducted under a registration statement on Form S-1, which was declared effective by the SEC on June 25, 2025 [4]. - A preliminary prospectus has been filed with the SEC and is available on their website [4]. Group 4: Company Overview - Lifeward Ltd. specializes in innovative medical technology aimed at transforming the lives of individuals with physical limitations or disabilities [6]. - The company’s product portfolio includes the ReWalk Exoskeleton, AlterG Anti-Gravity System, ReStore Exo-Suit, and MyoCycle FES System [6]. - Founded in 2001, Lifeward operates in the United States, Israel, and Germany [6].
First Patient Enrolled in Aclarion's Groundbreaking CLARITY Trial
Globenewswire· 2025-06-25 10:00
Core Insights - Aclarion, Inc. has initiated the first patient enrollment in the CLARITY trial, which aims to evaluate the clinical and economic value of its Nociscan platform in spine surgery for chronic low back pain [1][6] Company Overview - Aclarion is a healthcare technology company that utilizes Magnetic Resonance Spectroscopy (MRS), proprietary signal processing techniques, biomarkers, and augmented intelligence algorithms to enhance clinical treatments [5] - The company is focusing on the chronic low back pain market with Nociscan, the first evidence-supported SaaS platform designed to help physicians differentiate between painful and nonpainful discs in the lumbar spine [5] Trial Details - The CLARITY trial is a prospective, randomized multi-center study that will enroll 300 patients scheduled for surgical treatment of 1- or 2-level discogenic low back pain across multiple high-volume sites in the US [2] - The trial will randomize patients in a 1:1 ratio between surgeons who are blinded and unblinded to the Nociscan results, with the primary endpoint being the change in back pain measured on a 100mm VAS scale at 12 months compared to baseline [2][6] - The first patient was enrolled at the Texas Back Institute, which has a strong history in advancing spine care through clinical trial research [2][6] Market Context - Chronic low back pain is a significant global healthcare issue, affecting approximately 266 million people worldwide with degenerative spine disease and low back pain [3] - Aclarion's Nociscan solution aims to objectively quantify chemical biomarkers associated with disc pain, potentially leading to improved surgical outcomes [3][6]
AVISTA HEALTHCARE PARTNERS CLOSES CONTINUATION FUND FOR GCM
Prnewswire· 2025-06-24 20:30
Core Insights - Avista Healthcare Partners has successfully closed Avista Healthcare Partners CV II, L.P., a continuation fund for GCM, with significant investments from Goldman Sachs Alternatives and BlackRock [1][3] - Since Avista's acquisition of GCM in 2019, the company has more than doubled its revenue through strategic investments in technology, facilities, and human capital [2] Company Overview - Avista Healthcare Partners is a New York-based private equity firm founded in 2005, with over $9 billion invested in 50 healthcare businesses globally, focusing on growth-oriented healthcare product and technology sectors [5] - GCM, headquartered in Union City, California, specializes in complex manufacturing services for medical technology OEMs, offering precision machining, fabrication, and integration services [6] Investment Strategy - The continuation fund for GCM includes substantial unfunded capital commitments aimed at supporting acquisition opportunities and strategic investments [1] - Goldman Sachs Alternatives emphasizes partnership and shared success, with over $500 billion in assets and extensive experience in alternative investments [7][9]
Should You Continue to Retain Abbott Stock in Your Portfolio Now?
ZACKS· 2025-06-24 14:35
Core Business Performance - Abbott is experiencing increased global demand for routine diagnostic tests, particularly in its Diagnostics business, which accounted for 20% of total revenues in Q1 2025 [3][4] - The Diabetes Care segment is benefiting from strong sales of the FreeStyle Libre continuous glucose monitoring system, with Q1 sales exceeding $1.7 billion and growing 21.6% [5][8] - Established Pharmaceuticals (EPD) sales rose 8% organically in Q1 2025, with significant growth in emerging markets and a focus on biosimilars [10][8] Market Position and Financials - Abbott's market capitalization stands at $231.38 billion, with an earnings yield of 3.9%, significantly higher than the industry's 0.5% [2] - The company has outperformed earnings estimates in three of the last four quarters, achieving an average earnings surprise of 1.6% [2] - The Zacks Consensus Estimate for Abbott's 2025 revenues is projected at $44.68 billion, indicating a 6.5% increase from the previous year [13] Strategic Initiatives - Abbott is investing $0.5 billion in new manufacturing and R&D facilities in Illinois and Texas to enhance its U.S. transfusion diagnostics business [4] - The launch of the Alinity m system will allow Abbott to enter the molecular nucleic acid testing market, which is valued at $1 billion [4] - Abbott has secured rights to 15 biosimilar products, positioning itself for growth in the branded generic pharmaceutical market [10][9] Challenges and Risks - Macroeconomic pressures, including geopolitical tensions and rising raw material costs, are expected to impact Abbott's margins and sales [11][12] - Foreign exchange fluctuations have negatively affected Abbott's international sales, with a 2.8% unfavorable year-over-year impact reported in Q1 2025 [12]
NeuroOne® Patient Surpasses One Year Milestone of Seizure Freedom Following Treatment with OneRF® Ablation System
Globenewswire· 2025-06-23 12:30
Core Insights - NeuroOne Medical Technologies Corporation announced that Clara, an early patient treated with the OneRF Ablation System, has surpassed one year seizure-free, significantly improving her quality of life [1][2] - The OneRF Ablation System is the first FDA 510(k)-cleared device that utilizes the same sEEG electrode for both diagnostic and therapeutic applications, demonstrating seizure reduction or freedom for most patients treated [3] - The company plans to leverage the OneRF technology for additional applications, including the OneRF Trigeminal Nerve Ablation System for facial pain, with a 510(k) submission filed in April 2025 [4] Company Overview - NeuroOne Medical Technologies Corporation focuses on developing minimally invasive and high-definition solutions for various neurological disorders, including epilepsy, Parkinson's disease, and chronic pain, aiming to improve patient outcomes and reduce procedural costs [5] - The company is exploring potential applications in other areas such as depression, mood disorders, and artificial intelligence [5]
NeuroOne® Patient Surpasses One Year Milestone of Seizure Freedom Following Treatment with OneRF® Ablation System
GlobeNewswire News Room· 2025-06-23 12:30
Core Insights - NeuroOne Medical Technologies Corporation announced that Clara, an early patient treated with the OneRF® Ablation System, has surpassed one year seizure-free, significantly improving her quality of life [1][2]. Company Overview - NeuroOne is focused on developing and commercializing minimally invasive and high-definition solutions for various neurological disorders, including epilepsy, Parkinson's disease, and chronic pain [5]. - The OneRF® Ablation System is the first FDA 510(k)-cleared device that utilizes the same sEEG electrode for both diagnostic and therapeutic applications, allowing for monitoring, mapping, and ablation at the bedside [3]. Product Performance - The OneRF® Ablation System has demonstrated seizure reduction or freedom for most patients who have undergone the procedure [3]. - Clara's experience highlights the effectiveness of the OneRF® platform, as she transitioned from experiencing multiple seizures daily to being completely seizure-free [4]. Future Developments - The company plans to leverage the OneRF® technology for additional applications, including the OneRF® Trigeminal Nerve Ablation System aimed at treating facial pain, with a 510(k) submission filed to the FDA in April 2025 [4].