1. Articles in category: Other Business News

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    1. Infraredx Receives Regulatory Approval of TVC Imaging System in Japan

      Infraredx Receives Regulatory Approval of TVC Imaging System in Japan

      Infraredx, Inc., a medical device company committed to advancing the diagnosis and management of coronary artery disease, today announced that its first-in-class, dual-modality intravascular imaging technology, TVC Imaging System™, and its TVC Insight™ Catheter received Shonin approval from the Japanese Ministry of Health, Labour and Welfare (MHLW). The TVC System makes it possible to determine the structure and chemical composition of the coronary plaques that complicate stenting, and are associated with heart attacks. The TVC Imaging System console and catheter will be exclusively distributed by Goodman, a subsidiary of Osaka-based Nipro Corporation, which has extensive experience commercializing IVUS and other ...

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    2. Volcano Issues Statement Regarding Letter From Engaged Capital

      Volcano Issues Statement Regarding Letter From Engaged Capital

      Volcano Corporation (Nasdaq: VOLC), a leading company focused on improving patient and economic outcomes on a global basis by developing and delivering innovative minimally invasive coronary and peripheral visualization, physiology diagnostics and therapies, today confirmed receipt of a letter to its Board of Directors from Engaged Capital, LLC. The Company issued the following statement in response: Volcano welcomes the perspectives of its shareholders, and has a longstanding policy of open communications with all of our investors, includingEngaged Capital. The Company will carefully review and consider the ideas presented in the letter and continue its dialogue with Engaged Capital. The Volcano ...

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    3. Engaged Capital Sends Letter to the Board of Volcano Corporation

      Engaged Capital Sends Letter to the Board of Volcano Corporation

      Engaged Capital, an investment firm specializing in small and mid-cap North American equities and beneficial owner of approximately 2,638,403 shares of the common stock of Volcano Corporation (“VOLC” or the “Company”) (Nasdaq:VOLC), today sent an open letter http://engagedcapital.com/press/VOLCBODLetter.pdf to the Company’s Board of Directors (the “Board”), filed with the U.S. Securities and Exchange Commission. “It is time for new leadership. We urge the Board to immediately commence a parallel process to evaluate strategic alternatives and conduct a search for CEO candidates with a history of driving profitability and extracting value ...

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    4. Orion is in Beta - Voxeleron prepares the release of their advanced OCT analysis software

      Orion is in Beta - Voxeleron prepares the release of their advanced OCT analysis software

      Orion™, Voxeleron’s advanced optical coherence tomography (OCT) analysis software, is currently being beta tested at a number of sites in the USA and Europe in preparation for release. Orion™ is an application that offers fully-automated, rapid and accurate segmentation of seven layers in OCT images of the human retina. Following the successful release of InSight , Voxeleron’s animal OCT package, Orion™ establishes Voxeleron as leaders in the development of OCT image analysis software. "The Orion software gives us the ability to measure the thickness of the nuclear layers in isolation, so is a welcome addition to our quantification tools ...

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    5. St. Jude Medical Announces Launch of OPTIS Integrated System

      St. Jude Medical Announces Launch of OPTIS Integrated System

      The OPTIS™ Integrated System combines OCT imaging with angiography to provide more detailed, on-demand coronary assessment for more accurate PCI guidanc e St. Jude Medical, Inc. (NYSE:STJ), a global medical device company, today announced the company has secured CE Mark and FDA clearance for the new OPTIS Integrated System. The system is a departure from traditional, mobile cart-based diagnostic tools and advances percutaneous coronary intervention (PCI) optimization via direct installation into a hospital’s cardiac catheterization laboratory, fully integrating optical coherence tomography (OCT) and fractional flow reserve (FFR) into PCI workflow. The approval of the OPTIS Integrated system marks ...

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    6. Bioptigen Introduces Deep Imaging OCT System for Contact Lens Metrology

      Bioptigen Introduces Deep Imaging OCT System for Contact Lens Metrology

      Bioptigen announced today the availability of a newly developed deep imaging OCT system for the optical device metrology and pre-clinical ophthalmic research markets. The Envisu S4410 SDOCT for Contact Lens Metrology is designed for non-destructive, non-contact, full immersion measurements for standard and high complexity contact lens, IOL structures, and donor tissues. The metrology system allows imaging of a complete contact lens immersed in a hydration bath (saline), automated segmentation of anterior and posterior surfaces, and quantification of curvatures across both surfaces. The system delivers 5 um axial pixel resolution, 11 mm scan depth in saline, and a full 20mm lateral ...

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      Mentions: Bioptigen
    7. OCT systems sales 'to double' to €1bn by 2019

      OCT systems sales 'to double' to €1bn by 2019

      Despite the apparent saturation of optical coherence tomography systems in the ophthalmology markets of developed countries, the distinct OCT market for healthcare and life science sectors is still expected to grow from around €500 million in 2013 to around €1b in 2019. This is one of the conclusions of a new market sector report from analyst company Tematys , Paris, France. The report, Optical Coherence Tomography for Healthcare and Life Science: Technology and Market Trends , available from September 30, says that there will be “strong demand from new biomedical applications, continuous development of innovative OCT technologies, as well as strong demand ...

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    8. SJC Issues Decision Concerning Recovery Of Lost Profits Damages In Commercial Litigation

      SJC Issues Decision Concerning Recovery Of Lost Profits Damages In Commercial Litigation

      In a noteworthy recent decision addressing the parameters of damages in commercial litigation, the Massachusetts Supreme Judicial Court (SJC) affirmed an order excluding expert testimony concerning future lost profits damages relating to "yet-to-be conceived future products." In LightLab Imaging, Inc. v. Axsun Technologies, Inc., SJC-11374 (July 28, 2014), the SJC held that the trial court was well within its discretion to exclude an expert economist's testimony in support of a plaintiff's claim for future lost profits based on a "hypothetical new product" and extending more than twenty years beyond the term of the contract at issue. In so ...

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    9. Wasatch Photonics Receives an NIH SBIR Grant for Cost-Effective MHz Rate Optical Coherence Tomography for Biomedical Applications

      Wasatch Photonics Receives an NIH SBIR Grant for Cost-Effective MHz Rate Optical Coherence Tomography for Biomedical Applications

      Wasatch Photonics Receives an NIH SBIR Grant for $207,045 for Cost-Effective MHz Rate Optical Coherence Tomography for Biomedical Applications. The principal investigator is Roman Kuranov. The program began in 2014 and ends in 2015. Below is a summary of the proposed work. During this SBIR Phase I project we propose to build and test in phantoms a prototype of an innovative cost-effective Optical Coherence Tomography (OCT) system with a 10X increase in acquisition rate compared to commercially available systems. Further development may add an additional 10X increased acquisition rate for a total of 100X. Current market demand for Mega ...

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    10. Volcano Corporation to Divest Axsun and Settle All Ongoing Litigation with St. Jude

      Volcano Corporation to Divest Axsun and Settle All Ongoing Litigation with St. Jude

      In the recent Volcano Corporation Security and Exchange Commission Form 10-Q it appears St. Jude and Volcano have made progress at settling most or all of their on going litigation related OCT. Below is an excerpt from page 19 of Form 10-Q . "On August 7, 2014, Volcano Corporation (“Volcano”) and its wholly-owned subsidiary, Axsun Technologies, Inc. (“Axsun” and together with Volcano, the “Volcano Parties”), entered into a Settlement, Release, License Agreement, and Covenants Not To Sue (the “Agreement”) with St. Jude Medical, Inc. (“St. Jude”) and its affiliates St. Jude Medical, Cardiology Division, Inc., St. Jude Medical Systems AB, St ...

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    11. Bioptigen Receives New US Patent for Intrasurgical OCT System

      Bioptigen Receives New US Patent for Intrasurgical OCT System

      Foundational patent for intrasurgical OCT marks the company's focus on emerging market for ophthalmic surgical imaging MORRISVILLE, NC August 5, 2014 Bioptigen Inc. announces today that it has received a new US Patent presenting innovative concepts integrating Optical Coherence Tomography (OCT) Systems to Surgical Microscopes. The patent, US 8,777,412 Surgical Microscopes Using Optical Coherence Tomography and Related Methods, by Buckland E.L., et. al. includes claims for independent OCT focus and zoom control for optimizing images from the cornea to the retina, and puts forward key elements of Bioptigen's approach for incorporating OCT into new and ...

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    12. Gooch & Housego sets up CEO succession

      Gooch & Housego sets up CEO succession

      Gareth Jones, the CEO who has overseen more than a decade of business expansion at Gooch & Housego (G&H) , is set to step down from the role at the end of this year. In a management succession plan announced in a statement to the London Stock Exchange (LSE), the UK-headquartered company said that Mark Webster would take over on January 1, 2015, following a spell as deputy CEO that will begin August 18. Currently serving on the company’s board as a non-executive director, Webster is a chemistry graduate and has spent more than two decades working in the healthcare ...

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      Mentions: Gooch & Housego
    13. Lightlab Wins Trade Secret Case, Recovers No Damages

      Lightlab Wins Trade Secret Case, Recovers No Damages

      This case, decided by the Massachusetts Supreme Judicial Court on July 28, 2014 , shows how difficult it can be to recover damages in a trade secret case. The facts (boiled down) are straightforward. Lightlab manufactures optical coherence tomography systems (OCT). Lightlab had a joint development/non-disclosure agreement with Axsun. Axsun disclosed Lightlab secrets to Volcano, a competitor to Lightlab and would-be acquiror of Axsun. At trial Lightlab was able to obtain a verdict for trade secret misappropriation (and related claims) from a Massachusetts Superior Court jury. However, the trial was bifurcated, and before presenting its damages case to the jury ...

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    14. Seasonal pricing scheme to help independents introduce OCT

      Seasonal pricing scheme to help independents introduce OCT

      Heidelberg Engineering has introduced a seasonal pricing scheme to facilitate the introduction of the company’s Spectralis OCT. The rental scheme is reduced to £300 per month, for the first three months, with entrance to the scheme closing at the end of this month (August 31). The cost gradually rises in line with the practice’s ability to maximise use of the technology, as the professional team learns to promote and interpret the value of OCT on the High Street. Regional business manager, Tosh Vadhia, said: “This is a gentle way to ease into OCT. This opportunity enables OCT to ...

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    15. Medtronic Enters the FFR and IVUS Technology Field With ACIST Co-Promotion

      Medtronic Enters the FFR and IVUS Technology Field With ACIST Co-Promotion

      Today Medtronic, Inc. (NYSE: MDT) and ACIST Medical Systems, Inc., a Bracco Group company, announced a strategic agreement to bring ACIST's FFR and IVUS products into U.S. cath labs. This collaboration marks the first time a major stent manufacturer will offer both FFR and IVUS technologies. FFR (Fractional Flow Reserve) is a functional measurement system, used to help determine whether or not stenting a blockage will provide benefit to the patient. The efficacy of FFR has been proven over many clinical trials such as FAME and FAME II. IVUS (IntraVascular UltraSound) is an imaging modality, which can be ...

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    16. Expert evidence on lost profits inadmissible

      Expert evidence on lost profits inadmissible

      The Supreme Judicial Court has upheld a judge’s decision not to allow expert evidence on lost profits in a commercial dispute over optical coherence tomography (OCT) systems used to image human coronary arteries. Superior Court Judge Margaret R. Hinkle excluded opinion testimony from Roy Weinstein, plaintiff LightLab Imaging's expert economist, on the question of future lost...

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    17. Michelson Diagnostics to present at Fortbildungswoche, Munich

      Michelson Diagnostics to present at Fortbildungswoche, Munich

      Michelson Diagnostics, the UK based medical device company focused on multi-beam Optical Coherence Tomography (‘OCT’) technology, today announces that leading experts in the use of optical technology in dermatology will be presenting the benefits of multi-beam OCT at the 24th Annual Education Week for Practical Dermatology and Venereology, known as Fortbildungswoche, in Munich, Germany, 19-25 July 2014. The conference session on ‘Evidence for OCT diagnostics’ will take place at 12:15-13:15, Forum 9, on Friday 25th July. The presentations include: Optical coherence tomography scientific fundamentals and applications, Dr. Martina Ulrich Optical coherence tomography for basal cell carcinoma, Prof. Dr ...

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    18. Avinger Enrolls First PAD Patient in VISION Global Clinical Trial

      Avinger Enrolls First PAD Patient in VISION Global Clinical Trial

      Avinger Inc., pioneer of the lumivascular approach for treating vascular disease announced today that Dr. John Pigott of Jobst Vascular Institute, Toledo, OH, enrolled the first patient in VISION. VISION is a global IDE clinical trial, approved by the FDA to evaluate Avinger’s PantherisTM catheter for the treatment of Peripheral Artery Disease (PAD). It is estimated that PAD affects 12 million people in the US alone. The PantherisTM system combines directional atherectomy capabilities with real-time intravascular visualization to remove plaque from blocked arteries. The minimally invasive catheter is designed to remove plaque, while avoiding the disruption of normal arterial ...

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    19. Dr. Charles Carignan, the former CEO of Ninepoint Medical, joins BIOM as its next CEO.

      Dr. Charles Carignan, the former CEO of Ninepoint Medical, joins BIOM as its next CEO.

      BiOM has named Dr. Charles Carignan as its next CEO, replacing Tim McCarthy, who left the company this past spring. Carignan is a 20-year medtech veteran who has held several key positions in the medical device industry, including most recently at NinePoint Medical, where he was the founder and CEO. In addition, Carignan has served as executive vice president and chief medical officer of Novasys Medical and held the same role at Boston Scientific (NYSE: BSX ). He was also the vice president of clinical research and medical affairs at Conceptus (NSDQ: CPTS ), where he oversaw the clinical development of the ...

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    20. Haag-Streit Surgical Intraoperative OCT "iOCT" Product Brochure

      Haag-Streit Surgical Intraoperative OCT "iOCT" Product Brochure

      HAAG-STREIT SURGICAL is pleased to introduce the world‘s first intraoperative OCT system, developed by OPMedT. An OCT camera is integrated into the high class operating microscope HS Hi-R NEO 900A NIR and its mounting system. OCT scans of the eye’s anterior and posterior segments are performed live during surgery, thus increasing the patient’s safety and improving quality control mechanisms for the surgeon. Discover more details than with a standard surgical microscope and enhance your performance! To see product brochure click HERE.

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      Mentions: Haag-Streit OPMedT
    21. Haag-Streit Surgical Interoperative Optical Coherence Tomography System

      Haag-Streit Surgical Interoperative Optical Coherence Tomography System

      HAAG-STREIT SURGICAL's integrated iOCT system has been developed for intraoperative optical coherence tomography (iOCT™). It is non-invasive, and permits contact-free imaging for imaging structures and layers within the tissue. The iOCT's advantages find confirmation again and again among users and industry professionals: "When making corneal incisions, the iOCT shows you perfectly how the cornea is cleaved. This feedback allows you to adapt your technique to make a more water-tight incision. You can react to unexpected incidents immediately and avoid further complications.“, states Professor Peter Stalmans from the University of Leuven, Belgium. Professor Peter Stalmans from the University of ...

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    22. Mirrorcle Technologies Opens New Company Headquarters

      Mirrorcle Technologies Opens New Company Headquarters

      The all-new, 7000 square foot facility at 4905 Central Ave., Ste. 200 houses the company’s operations, R&D and manufacturing departments, Mirrorcle Technologies, Inc. (MTI) announced today. The move to the new, larger headquarters of the leading manufacturer of gimbal-less microelectromechanical system (MEMS) mirrors was prompted by the significant growth in 2013, by the subsequently expanding engineering and manufacturing teams, and by the continuously increasing customer demand. Steadily rising production volumes and quality operations requirements made it apparent that a move to a larger location was needed. At the same time, this move was also an opportunity to implement ...

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    23. Optores introduces the worlds first swept laser source with a sweep rate of up to 1.5 MHz for tomorrow's optical coherence tomography system

      Optores introduces the worlds first swept laser source with a sweep rate of up to 1.5 MHz for tomorrow's optical coherence tomography system

      Optores introduces the worlds first swept laser source with a sweep rate of up to 1.5 MHz for tomorrow's optical coherence tomography systems. The Optores swept source is based on all-fiber Fourier-domain mode-locked (FDML) laser technology. Designed for record speed, the Optores swept laser also features long coherence lengths and very high output powers beyond 80 mW. Three configuration variants are available to match your requirements.

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      Mentions: Optores
    24. New study on non-invasive diagnosis of non-melanoma skin cancer with Melanoma Institute of Australia

      New study on non-invasive diagnosis of non-melanoma skin cancer with Melanoma Institute of Australia

      Michelson Diagnostics, the UK based medical device company focused on multi-beam Optical Coherence Tomography (‘OCT’) technology, has commenced a clinical study to investigate the use of OCT to diagnose basal cell carcinoma in collaboration with the Melanoma Institute of Australia using Michelson’s Diagnostics VivoSight system. The study, run by Dr Pascale Guitera FACD PhD, will evaluate VivoSight’s ability to triage lesions which are superficial enough to be treated non-invasively and monitor the success, or otherwise, of non-invasive therapies. The study is designed to determine the potential to change clinical practice towards more non-invasive treatments of basal cell carcinoma ...

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