1. Articles in category: Other Business News

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    1. OFS Developes Optical Coherence Tomography Probes for Cardiovascular and GI Applications

      OFS Developes Optical Coherence Tomography  Probes for Cardiovascular and GI Applications

      OFS has been a part of the expanding adaptation of optical coherence tomography (OCT)—dominant in ophthalmology—using miniature optical fiber probes to see deep inside the body. The growth of applications, including cardiology, oncology, and gastroenterology, demonstrate the viability of the technology and the ultimate aim of improving our standard of healthcare. Optical Fiber Probes Supporting the adoption of OCT, OFS has developed the technology platform needed to build high quality optical fiber probes, with flexible tip lensing designs for b

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    2. Sensors Unlimited Introduces Fastest SWIR 2048-Pixel Line Scan Camera to Support Medical Diagnosis

      Sensors Unlimited Introduces Fastest SWIR 2048-Pixel Line Scan Camera to Support Medical Diagnosis

      Sensors Unlimited, a UTC Aerospace Systems business, has introduced its fastest 2k pixel shortwave infrared (SWIR) line scan camera. The GL2048R camera is specially-designed for applications in spectral-domain optical coherence tomography (SD-OCT), making it an ideal component for imaging the retina and choroid, the blood vessel below the retina. UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE:UTX). The higher speed of this new SWIR camera allows the entire front of the eye – from the top of the cornea through to the bottom of the lens – to be imaged in literally the blink of an eye. Thus ...

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    3. Andy Hill Appointed Chief Executive Officer of Michelson Diagnostics

      Andy Hill Appointed Chief Executive Officer of Michelson Diagnostics

      Michelson Diagnostics, the UK based medical device company focused on multi-beam Optical Coherence Tomography (‘OCT’) technology, announces the appointment of Andy Hill as Chief Executive Officer, effective from 1 February 2015. Jon Holmes will remain with the Company and take up the newly created role of Chief Technology Officer. Andy, aged 52, has substantial commercial experience in the international medical device industry with a track record of building early stage businesses with new and disruptive technologies in a wide range of clinical settings. Most recently, Andy was CEO and co-founder of Intelligent Ultrasound, a medical imaging software spinout from the ...

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    4. Compact Imaging Granted Three New Patents for Miniature OCT Technology

      Compact Imaging Granted Three New Patents for Miniature OCT Technology

      Compact Imaging, Inc. (CI), an early stage technology company developing proprietary miniature optical sensors for the rapidly growing mobile personal health monitoring and fingerprint authentication markets, today announced that it has been granted three additional patents in the field. CI’s intellectual property base, consisting of 14 US patents and an equal number of pending US and foreign applications, is centered on MRO™, the Company’s proprietary miniature version of optical coherence tomography (OCT). OCT is a well-established, non-invasive, non-ionizing imaging technology widely used in clinical diagnostic applications, according to CEO Don Bogue. “Our miniature OCT architecture, MRO™, can be ...

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    5. Innoluce 2.5 mm Forward Looking OCT Catheter

      Innoluce 2.5 mm Forward Looking OCT Catheter

      A next step in forward looking OCT catheters has been made by Innoluce. A miniaturized MEMS mirror in the tip of the catheter allows for a forward looking OCT scan with a B-scan dimension of ~5mm. The catheter is designed to be used in liquid environment, to be started within the Bladder for cancer diagnostics, but other locations in the body are also possible. First OCT scans of a finger tip with the components showed already a good OCT image quality. Final assembly of the first forward looking OCT catheters is planned for the coming months. At the Photonics West ...

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      Mentions: Innoluce
    6. Cylite Introduces Hyperparallel Coherence Tomography

      Cylite Introduces Hyperparallel Coherence Tomography

      Metrology-level stability and accuracy meets best-in-class imaging Cylite Pty Ltd, an emergent optical technology development company, today announced its new Hyperparallel Coherence Tomography measurement and analysis platform. Hyperparallel Coherence Tomography is a unique 3D spectral imaging technology that can measure a two dimensional grid comprising in excess of a 1000 simultaneous high resolution depth scans over a 7.5 mm range at over 50 frames per second. This provides: Insensitivity to sample movement for clinical applications. Greatly enhanced frame registration due to multiple simultaneous surface measurements Dense B-scan and volumetric imaging over a very fine lateral grid. Lower cost implementation ...

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      Mentions: Cylite
    7. Heidelberg Engineering launches new software upgrade

      Heidelberg Engineering launches new software upgrade

      Heidelberg Engineering has launched new software for its Spectralis 6.00 OCT (pictured). Key features of the new software include faster image acquisition and more intuitive analysis. The company believes that the free download reinforces the benefits of the technology being an upgradeable platform. The upgrade enables Spectralis users to gain more information from both new and previously taken scans, providing full segmentation of the retinal layers and longitudinal section analysis for a top down view. It comes with a comprehensive tutorial, highlighting the access to information on the integrity of specific layers. Heidelberg Engineering clinical programme manager, Christopher Mody ...

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    8. Keysight PCIe data acquisition card has OCT capability

      Keysight PCIe data acquisition card has OCT capability

      Keysight Technologies has announced that the U5303A high-speed data acquisition 12-bit PCIe card, in collaboration with firmware firm YellowSys is available with an option dedicated to the optical coherence tomography (OCT) technology. The data acquisition card uses signal resampling to give stable ADC signal sampling with clock stability while acquiring the signal in order to avoid sampling cadence changes, which can occur when an external k-clock is used. The signal processing is done in real-time directly on the data acquisition card and not on the host PC. “OCT technology is evolving at a fast pace and we strongly believe in ...

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    9. Haag-Streit UK appointed sole distributor of the Optovue, Inc. portfolio in the UK

      Haag-Streit UK appointed sole distributor of the Optovue, Inc. portfolio in the UK

      Haag-Streit UK (HS-UK), the leading manufacturer and distributor of gold-standard optometry and ophthalmic equipment, is pleased to announce that it will be appointed sole distributor of the Optovue, Inc. product portfolio in the UK from 4th February 2015. Optovue, Inc, has a reputation for pushing the frontiers of innovation and ophthalmic medical diagnostic imaging with its Optical Coherence Tomography (OCT) product portfolio, which includes the: Angiovue OCT Angiography system, iVue, iFusion, iScan and XR Avanti OCT products. HS-UK will be taking over the UK distribution from Watford-based Grafton Optical, Optovue, Inc distributors since January 2007. Bill Shields, Vice President International ...

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    10. Adimec Demonstrates High-Resolution, High-Speed CoaXPress Cameras At Photonics West 2015

      Adimec Demonstrates High-Resolution, High-Speed CoaXPress Cameras At Photonics West 2015

      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
    11. 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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    12. 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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    13. 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
    14. 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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    15. 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
    16. 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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    17. 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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    18. 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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    19. 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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    20. 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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    21. 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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    22. 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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    23. 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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    24. 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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