1. Articles in category: Other Business News

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    1. Adimec Demonstrates High-Resolution, High-Speed CoaXPress Cameras At

      Adimec Demonstrates High-Resolution, High-Speed CoaXPress Cameras At

      Adimec, a world leader in application-specific, leading-edge industrial camera solutions, will demonstrate several new innovations that expand what is possible with imaging including a new Quad CoaXPress high-speed area scan camera, the Q-12A180 at the SPIE Photonics West event in San Francisco, CA February 10th to 12th. The Q-12A180 camera utilizes the CMOSIS CMV12000 global shutter image sensor and is a 12 Megapixel CMOS global shutter camera that delivers images of 4096 x 3072 pixels at 187 frames per second (fps). It is equipped with the CoaXPress V1.1 Quad interface (4 x CXP-6) utilizing Adimec’s new 2 Gigapixel ...

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      Mentions: LLTech
    2. Eleven Biotherapeutics Appoints Barry Gertz, MD, PhD, and Jay S. Duker, MD, to Board of Directors

      Eleven Biotherapeutics Appoints Barry Gertz, MD, PhD, and Jay S. Duker, MD, to Board of Directors

      Eleven Biotherapeutics, a clinical-stage biopharmaceutical company discovering and developing protein therapeutics to treat diseases of the eye, today announced the election of Barry Gertz, MD, PhD, and Jay S. Duker, MD, to the company’s Board of Directors. Each of these new Board members brings more than 25 years of experience that is relevant to Eleven’s progress in advancing its pipeline of innovative therapies for ocular diseases. “We are excited to add these two highly accomplished industry and academic leaders to round out our Board. Their strategic support and guidance will be key as we continue to advance our ...

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    3. Bausch + Lomb Introduces New Software and Advanced OCT Imaging System for VICTUS® Femtosecond Laser Platform

      Bausch + Lomb Introduces New Software and Advanced OCT Imaging System for VICTUS® Femtosecond Laser Platform

      Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) today announced that its wholly owned subsidiary, Bausch + Lomb, has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for an advanced Swept Source OCT (Optical Coherence Tomography) imaging system and updated software for its VICTUS ® Femtosecond Laser Platform that will provide surgeons with a new, redesigned interface. The intuitive interface is designed to allow faster, simpler customized treatment planning to help surgeons improve efficiency and patient-flow during surgical procedures. "With the availability of the advanced OCT imaging and software enhancements, surgeons can monitor treatments in real-time ...

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    4. Biotech center extends loan to Morrisville eye imaging tech concern

      Biotech center extends loan to Morrisville eye imaging tech concern

      Morrisville-based Bioptigen, which already has one eye-scanning device on the market, is in the middle of developing a second such device to be used in eye surgeries. To help fund development, the N.C. Biotechnology Center kicked in a $458,000 in a loan. The Biotech Center serves as an economic developer and resource for small companies in North Carolina's life sciences industries . The group, led by CEO Doug Edgeton , uses state tax money to extend grants or loans to small North Carolina life sciences companies who can't find investments elsewhere, often because they need more cash than ...

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      Mentions: Bioptigen
    5. Bioptigen Awarded $458,000 from North Carolina Biotechnology Center to Advance Intrasurgical OCT System Development

      Bioptigen Awarded $458,000 from North Carolina Biotechnology Center to Advance Intrasurgical OCT System Development

      Bioptigen announced today that it has been awarded a Strategic Growth Loan from the North Carolina Biotechnology Center totaling $458,000 to support development of the company’s Intrasurgical OCT imaging system. Optical Coherence Tomography or ‘OCT’ is a form of highresolution imaging that has been compared to ultrasound imaging, though OCT uses light rather than sound to create the images. Bioptigen’s EnFocusTM Intrasurgical OCT system will provide 3D visualization simultaneous with and coregistered to images from surgical ophthalmic microscopes. Bioptigen is known globally for its FDA-cleared handheld OCT system for pediatric imaging, and for providing industry leading OCT ...

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    6. NIDEK launches Retina Scan Duo Optical Coherence Tomography

      NIDEK launches Retina Scan Duo Optical Coherence Tomography

      NIDEK CO., LTD., a global leader in the design, manufacturing, and distribution of ophthalmic, optometric, and lens edging equipment, is pleased to announce the launch of the Retina Scan Duo Optical Coherence Tomography (OCT) with a high definition OCT and fundus camera in one compact system. The Retina Scan Duo is a combined OCT and fundus camera system that is a user friendly, versatile unit that provides high definition images and value added features. The NIDEK 3-D auto tracking, auto shot, and user friendly interface allow rapid and easy image capturing. Once alignment is completed, both the OCT and color ...

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      Mentions: Nidek
    7. Will Acquisition By Philips Save Volcano Corp.?

      Will Acquisition By Philips Save Volcano Corp.?

      In late September, a group of Volcano Corp. shareholders castigated the company’s management and demanded Volcano bring its financials in-line by reigniting growth, streamlining costs, and bringing the business closer to profitability. The message must have gotten through loud and clear, as Volcano’s management may be positioned to accomplish all three goals by selling the company to Royal Philips for $1.2 billion. Indeed, in the eyes of some, Volcano management may have taken the company’s intravascular ultrasound (IVUS) and Fractional Flow Reserve (FFR) systems as far as it could as an independent entity. In 2013, Volcano ...

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    8. Law Firm Launches Investigation of the Board of Directors of Volcano Corporation Regarding the Fairness of the Sale of the Company to Royal Philips

      Law Firm Launches Investigation of the Board of Directors of Volcano Corporation Regarding the Fairness of the Sale of the Company to Royal Philips

      Levi & Korsinsky is investigating the Board of Directors of Volcano Corporation ("Volcano" or "the Company") (Nasdaq: VOLC ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Royal Philips . Click here to learn more about the investigation: http://zlk.9nl.com/volcano-volc . Under the terms of the transaction, Volcano shareholders will receive $18.00 in cash for each share of Volcano stock they own. The investigation concerns whether the Board of Volcano breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter ...

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    9. Philips to acquire Volcano to expand global leadership position in image-guided therapy market

      Philips to acquire Volcano to expand global leadership position in image-guided therapy market

      Royal Philips (NYSE: PHG; AEX: PHIA) and Volcano Corporation (NASDAQ:VOLC), a global leader in catheter-based imaging and measurement solutions for cardiovascular applications, today announced that they have entered into a definitive merger agreement. Pursuant to the agreement, Philips will commence a tender offer to acquire all of the issued and outstanding shares of Volcano for USD 18.00 per share, or a total equity purchase price of USD 1 billion (approx. EUR 800 million), to be paid in cash upon completion. The board of directors of Volcano has unanimously approved the transaction and recommends the offer to its shareholders ...

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    10. Infraredx Announces Research Collaboration with Massachusetts General Hospital to Explore New Generation of Cardiovascular Imaging Devices

      Infraredx Announces Research Collaboration with Massachusetts General Hospital to Explore New Generation of Cardiovascular Imaging Devices

      Infraredx, Inc., a cardiovascular imaging company pioneering the personalized diagnosis of coronary artery disease, today announced a collaboration with Massachusetts General Hospital (MGH) and leading coronary imaging researcher, Gary Tearney, M.D., Ph.D., professor of pathology at Harvard Medical School, Mike and Sue Hazard Family MGH Research Scholar, and founder of the Tearney Lab at the Wellman Center for Photomedicine at MGH. Dr. Tearney is best known for pioneering research efforts developing Optical Coherence Tomography (OCT), an imaging technology that uses light-scattering to image coronary arteries. Infraredx and Dr. Tearney first collaborated over a decade ago on the development ...

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    11. Zeiss Meditec sales hit by currency fluctuations

      Zeiss Meditec sales hit by currency fluctuations

      Shares in Carl Zeiss Meditec , the clinical wing of the optics and microscopy giant, dropped in value by around 6 per cent on the Frankfurt stock exchange after the company just missed its annual sales target. For the year ending September 30, the Germany-headquartered firm delivered revenues of €909 million. That was up very slightly on the figure of €906 million for the previous year, but below the range of €910 million to €940 million estimated back in May – something blamed largely on currency effects. CEO Ludwin Monz said of the result: “In spite of adverse currency trends and to ...

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    12. NinePoint Medical Appoints Christopher von Jako, Ph.D., to Chief Executive Officer

      NinePoint Medical Appoints Christopher von Jako, Ph.D., to Chief Executive Officer

      NinePoint Medical, Inc., an emerging leader in the development of medical devices for advanced optical imaging, today announced the appointment of Christopher von Jako, Ph.D., as president and chief executive officer. Dr. von Jako brings to NinePoint Medical more than 20 years of experience in the global medical device industry and has demonstrated success leading and growing the value of organizations with early-stage commercial products. “Chris is a passionate and technology-minded individual who deeply understands the dynamics of today’s medical device field,” said Tom Miller, chairman of NinePoint’s board of directors. “We believe his commercial insights and ...

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    13. Case study for the Argon Design project for Skin Disease Detection. – Electronic design services with Argon Design Ltd.

      Case study for the Argon Design project for Skin Disease Detection. – Electronic design services with Argon Design Ltd.

      Michelson Diagnostics asked us to engineer part of their next generation medical product, VivoSight, an imaging system allowing clinicians to view up to 3mm below the surface of the skin. This world-leading product uses a technique called Optical Coherence Tomography to provide highly detailed sub-surface images of the skin helping to avoid the need for invasive biopsies, informing the choice of treatment and subsequently monitoring progress of the treatment. Michelson’s road map involved rationalising their product from a collection of interconnected components into a system-in-a-box. Within that context the primary objectives of our project were to: Reduce cost Simplify ...

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    14. Leading Irish University Bio-Photonics Laboratory And Compact Imaging Extend Agreement For Innovative Research Collaboration

      Leading Irish University Bio-Photonics Laboratory And Compact Imaging Extend Agreement For Innovative Research Collaboration

      NUI Galway’s TOMI Lab Provides Globally-Recognized Scientific Leadership for Advanced Development of Company’s Mobile OCT Technology The National University of Ireland Galway (NUI Galway) ( www.nuigalway.com.ie ) and Compact Imaging, Inc. (CI) ( www.compactimaging.com ) today jointly announced the extension of their innovative research collaboration in the field of optical coherence tomography (OCT) for a variety of applications, including mobile health monitoring and identity verification. The research agreement will continue the advanced development of CI’s novel multiple reference OCT sensor technology, MRO™, very small, low cost, low operating power OCT architecture ideal for high volume mobile ...

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    15. Glaucoma Module Premium Edition for SPECTRALIS to be Showcased at Annual Optometric Press Conference

      Glaucoma Module Premium Edition for SPECTRALIS to be Showcased at Annual Optometric Press Conference

      Heidelberg Engineering GmbH, the global ophthalmic imaging company, is presenting the Glaucoma Module Premium Edition for SPECTRALIS at the annual 2014 American Academy of Optometry Professional Press Conference in Denver, CO. The Glaucoma Module Premium Edition for SPECTRALIS* module combines a proprietary technology called Anatomic Positioning System (APS) with a series of unique scan patterns. The APS creates an anatomic map of each eye. The center of the optic nerve head and the fovea are detected via a short pre-scan function. The map is aligned according to these anatomical landmarks, individually for each eye. Subsequent scans are oriented to this ...

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    16. MedLumics Introduces NITID Skin Imaging System at EADV

      MedLumics Introduces NITID Skin Imaging System at EADV

      MedLumics, a medical imaging company specializing in advanced optical coherence tomography (OCT) technology, debuted its NITID TM skin imaging system at the 23 rd Annual European Academy of Dermatology and Venereology Congress in Amsterdam. NITID is a handheld diagnostic device designed to help dermatologists quickly and minimally invasively diagnose skin cancer. Once approved by regulatory bodies, it will be the first point-of-care OCT imaging device that can produce dynamic, real-time, high-resolution diagnostic images with tissue penetration capability of up to two millimeters. “NITID is the result of a decade of research in optical miniaturization technology, and we are thrilled to ...

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    17. TEMATYS is pleased to announce the release of its new market and technology report "Optical Coherence Tomography for Healthcare and Life Science: Technology and Market Trends"

      TEMATYS is pleased to announce the release of its new market and technology report "Optical Coherence Tomography for Healthcare and Life Science: Technology and Market Trends"

      Optical Coherence Tomography (OCT) is a mature technology well-established on the ophthalmology market. Currently, the ophthalmology OCT market has been slowing down for the last years. However, despite the saturation of the OCT ophthalmology market in developed countries, the OCT market for healthcare and life science is still expected to grow from around € 500M in 2013 to around € 1b in 2019. Strong demand from new biomedical applications, continuous development of innovative technologies, strong demand from developing countries will drive the OCT market growth. The present report provides market forecasts from 2014 to 2019 for the healthcare applications of OCT as ...

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    18. Abbott Expands Cataract Surgery Product Portfolio through U.S. Distribution Agreement with Carl Zeiss Meditec

      Abbott Expands Cataract Surgery Product Portfolio through U.S. Distribution Agreement with Carl Zeiss Meditec

      Abbott and Carl Zeiss Meditec announced today that they have entered into a nonexclusive commercial collaboration in the United States. Under this agreement, Abbott will offer each company’s suite of cataract surgery products when developing clinical and contracting solutions with customers in the United States. This comprehensive offering, including synergistic diagnostics, visualization systems, lens extraction systems, and intraocular lenses, provides surgeons with access to a complete cataract surgery portfolio to assist them in maximizing visual outcomes and streamlining patient flow. "Together with surgeons, Abbott is committed to delivering unsurpassed visual outcomes to patients," said Murthy Simhambhatla, Ph.D., senior ...

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    19. HEYEX PACS™: The Next Generation Image Management and Device Integration Platform

      HEYEX PACS™: The Next Generation Image Management and Device Integration Platform

      Heidelberg Engineering GmbH announces an ophthalmic picture archiving and communication system (PACS) platform at AAO 2014 in Chicago. “This new picture archiving and communication system (PACS) is a big step forward for our customers,” said Dr. Kester Nahen, Managing Director of Heidelberg Engineering. “The HEYEX PACS software platform will not only support Heidelberg Engineering devices but also integrate imaging devices of other manufacturers and diagnostic data into a centralized database. This will enable our customers to access, review, and compare all clinical images in one central application. HEYEX PACS allows us to offer a comprehensive image management and device integration ...

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    20. Volcano Corp Banks on IVUS Portfolio amid Several Odds - Analyst Blog

      Volcano Corp Banks on IVUS Portfolio amid Several Odds - Analyst Blog

      On Oct 10, we issued an updated research report on leading precision guided therapy tools provider, Volcano Corporation ( VOLC ). The company retains its position as a leader in the intravascular ultrasound (:IVUS) markets of U.S., Japan and Europe and holds 50% of the global market share.However, the current market environment remains challenging for Volcano. The final reimbursement reduction in Japan led to an approximate 5% cut in Imaging Disposables and an about 2% cut in fractional flow reserve ( FFR ) disposables of Volcano Corporation. These reimbursement cuts will be in effect for the next two years. In addition, the ...

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    21. Great EADV meeting in Amsterdam | Eduardo Margallo

      Great EADV meeting in Amsterdam | Eduardo Margallo

      MedLumics demonstrated NITID™, a new skin imaging solution providing simultaneous Optical Coherence Tomography and video dermoscopy in a hand-held battery-operated system. This revolution in skin care, designed for the daily dermatology practice, will be commercially available soon.

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    22. LeaseQ Announces That Medical Technology Could Be A Cure For Rising Healthcare Costs

      LeaseQ Announces That Medical Technology Could Be A Cure For Rising Healthcare Costs

      Despite the rollout of The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or otherwise known as "Obamacare" on March 23, 2010, medical expenses have continued to rise. However, recent data shows that medical and financial experts believe that the continued use of enhanced medical technology can not only improve patient outcomes but also reduce overall cost of medical treatment. Surgical procedures have become less expensive thanks to a new generation of tools that use light, laser, radio frequency and ultrasonic energy. These tools are battery powered and are able to perform a wide ...

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    23. Widefield OCT with SPECTRALIS

      Widefield OCT with SPECTRALIS

      Heidelberg Engineering GmbH has announced a new widefield OCT imaging modality for its SPECTRALIS OCT family of products. The technology was first presented at the EURETINA-ESCRS congress in London. Spectral-domain OCT has become an indispensable technology for eye care professionals aiding in the diagnosis and follow-up of patients with a variety of diseases including glaucoma, Age-related Macular Degeneration (AMD) and diabetic retinopathy. Until recently, the area scanned during an examination has been limited to a 30° field of view. The new Widefield OCT module for the SPECTRALIS expands the OCT field of view to 55°. The new Widefield OCT module ...

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    24. Glenn vs. The Volcano

      Glenn vs. The Volcano

      Today saw a "volley across the bow" between Volcano Corporation (Nasdaq: VOLC), a major manufacturer of IVUS, FFR and iFR technologies, and Engaged Capital LLC, an investment firm which holds over two million shares, or 5.1%, of Volcano stock. Engaged founder Glenn W. Welling sent a letter to Volcano demanding that the company begin a search for a new CEO and find a buyer for the company (press release printed below). The letter was prompted by the fact that Volcano's stock price has dropped by more than half over the past year. Engaged has been in discussions with ...

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