Finance and Investment News

Creating the optimum investment ecosystem for rapid increase in healthcare innovations

Graham Watson, executive chair of Scottish Health Innovations, considers fresh opportunities around heightened innovation which the pandemic has catalysed. Read more

The MedTalk Podcast - On report!

Recorded before they got a chance to thank Matt Hancock, Ian and Reece are back to discuss more news related to the pandemic, as well as another potential re-organisation in the NHS, and investment in UK life sciences. Read more

Birmingham diagnostics company secures £800k from MEIF

Birmingham-based Linear Diagnostics has secured £800,000 from the Midlands Engine Investment Fund (MEIF) and other investors in the company’s second round of funding. Read more

Spinal implants firm raises £2.2m in funding round

Axis Spine Technologies has raised £2.2 million in a funding round led by ACF Investors, with follow-on investment from Mercia’s EIS funds. Mercia was the first investor when Axis was founded by Jon Acros in 2017. Read more

Digital ADHD program raises $680k in pre-seed funding

Inflow, a science-based digital program for people with ADHD, is delighted to announce it has raised $680,000 in pre-seed funding. Read more

Ablation catheter system developer closes €18m funding round

MedLumics, a medical device company developing AblaView, an optically-guided real-time ablation catheter system for the treatment of Atrial Fibrillation (AF), has closed an €18 million financing round. Read more

Signal processing firm awarded patent for neurostimulation therapies

BioSig Technologies, a medtech company commercialising a signal processing platform designed to improve signal fidelity and uncover ECG and intra-cardiac signals, has been allowed a utility patent from the U.S. Patent Office. Read more

Diaphragm pump manufacturer adds to smooth flow liquid range

Diaphragm pump manufacturer KNF has added the FP 70 to its smooth flow liquid pump range, aiming to address a need for pumps with lower pulsation. Read more

Future Health announces rebrand and virtual conference series

Future Health has completely rebranded during lockdown, and its flagship face-to-face event Future Health Innovations at ExCeL is now complemented by a global virtual conference series, under the brand UK Health Week. Read more

Manufacturers told to unlock supply chain visibility post-COVID

Manufacturers must unlock supply chain visibility to rebuild after the COVID-19 pandemic, WMG Warwick and Blue Yonder are warning. Read more

Medtech and digital health firms launch patient monitoring app for orthopaedic surgery

Medtech firm Smith+Nephew and digital health company Huma, have launched their remote patient monitoring app for orthopaedic surgery. Read more

Testing labs can skip RNA extraction with new workflow

Promega Corporation has released XpressAmp Direct Amplification Reagents that facilitate RNA extraction-free sample preparation that is automation-friendly. Read more

Roche launches new rapid COVID-19 antigen nasal test in UK

Roche Diagnostics has launched a rapid antigen nasal test in the UK, with millions of kits available immediately to help organisations looking to reopen as lockdown restrictions are lifted. Read more

Sensyne Health receives UK approval for COVID-19 risk prediction tool

Clinical AI company Sensyne Health has received regulatory approval in the UK for its SYNE-COV machine learning algorithm for COVID-19 risk prediction. Read more

Edinburgh Airport rapid COVID-19 testing trial to determine those fit to fly

Pre-departure rapid testing to tell people if they have a current COVID-19 infection with results in 15 minutes, will be trialled at Edinburgh Airport as part of recovery planning for aviation. Read more

Medtech and digital health firms launch patient monitoring app for orthopaedic surgery

Medtech firm Smith+Nephew and digital health company Huma, have launched their remote patient monitoring app for orthopaedic surgery. Read more

ORCHA publishes report highlighting 10 apps to help manage Long COVID

Long COVID symptoms can be debilitating and NICE (the National Institute for Health and Care Excellence) has recommended the use of health apps as a source of advice on self-management. Read more

Digital triage firm receives share of £1.13m SBRI Healthcare grant

Digital triage company eConsult, has been announced as one of the twelve medtech companies awarded a share of £1.13 million grant by SBRI Healthcare, a body that works with businesses to identify and create health technology solutions for the NHS. Read more

Withings unveils B2B range of cellular-connected devices

Connnected health player Withings has unveiled a new business-to-business range of cellular-connected devices designed to eliminate significant pain points of remote patient monitoring. Read more

Medtech Regulatory Special Interest Group to discuss UKCA marking in webinar

Medilink Midlands will be hosting the next Medtech Regulatory Special Interest Group (SIG) online on 17th March. Read more

Drug-eluting balloon company receives fourth FDA Breakthrough Device Designation

MedAlliance, a drug-eluting balloon (DEB) company which received US Food and Drug Administration (FDA) Breakthrough Device Designation Status for a sirolimus DEB, has now been awarded breakthrough status for Selution SLR. Read more

Biomimetic graft for osteochondral lesions designed FDA Breakthrough Device

Locate Bio, an orthobiologics focussed regenerative medicine company, has received Breakthrough Device Designation from the US Food and Drug Administration (FDA) for Chondro3, currently in development as a biomimetic graft for osteochondral lesions. Read more

Horiba obtains CE mark for new haematology analyser

Horiba Medical, specialists in automated in vitro diagnostic systems for haematology, haemostasis and clinical chemistry analysis, has obtained the CE mark certification for its new generation of the Microsemi CRP haematology analyser. Read more

Clinical diagnostics benefits from COVID bounce - recruiter says

Clinical diagnostic technology in the UK has experienced a substantial ‘COVID bounce’, according to the head a leading recruitment company focussed primarily on servicing the sector. Read more

Researchers develop brain blood vessel pathology diagnostic

Researchers at Ben-Gurion University of the Negev (BGU) have developed a new method for rapidly diagnosing brain blood vessel pathology that may lead to neurodegenerative diseases. Read more

Sensyne and Excalibur sign lateral flow diagnostics deal

Clinical AI company Sensyne Health has signed an exclusive licence and development agreement with Excalibur Healthcare Services to apply Sensyne’s MagnifEye system for use with Excalibur’s lateral flow rapid diagnostic tests. Read more

Partnership formed to aid rapid diagnosis of rare diseases

Ipsen Pharmaceuticals and rare disease digital health specialists, Mendelian, has launched a new partnership to utilise Mendelian’s MendelScan software, a Class 1 Medical Device capable of aiding the rapid identification of people with rare diseases. Read more

Work begins on AI and robotics research facility in Edinburgh

Construction has started on a research facility for robotics and artificial intelligence, which will be the largest and most advanced of its type in the UK. Read more

Philips and DiA Imaging Analysis announce ultrasound partnership

Philips and DiA Imaging Analysis, a provider of AI-powered applications for ultrasound, have announced a strategic partnership to deliver automated solutions to clinicians at the point-of-care. Read more

BSMS awarded grant for surgical training with virtual reality

The anatomy team at Brighton and Sussex Medical School (BSMS) has been awarded a grant to create and deliver surgical training using a range of means, including live streaming, virtual reality and 360 cameras. Read more

Materials specialist expands polymer site and relocates R&D

Ashland has completed the expansion of its Viatel bioresorbable polymer manufacturing site and has relocated research and development (R&D) from Dublin to the National Science Park, Mullingar, Ireland. Read more

Advanced Materials Show launches Autumn USA expo

Following the success of The Advanced Materials Show, which first launched in the UK last year, the organiser of the expo has announced the launch of a dedicated show for advanced materials in the USA this autumn. Read more

Spinal implants firm raises £2.2m in funding round

Axis Spine Technologies has raised £2.2 million in a funding round led by ACF Investors, with follow-on investment from Mercia’s EIS funds. Mercia was the first investor when Axis was founded by Jon Acros in 2017. Read more

Materials specialist expands polymer site and relocates R&D

Ashland has completed the expansion of its Viatel bioresorbable polymer manufacturing site and has relocated research and development (R&D) from Dublin to the National Science Park, Mullingar, Ireland. Read more

Ireland’s medtech success – there’s nothing lucky about it

John von Benecke, CEO of Locate Bio, analyses how the combination of R&D from the universities and tax grants along with other incentives for early stage companies allow companies to thrive in Ireland. Read more

The MedTalk Podcast - On report!