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FDA Clears SOMATOM On.site from Siemens Healthineers For CT Head Exams at Patient’s Bedside

FDA Clears SOMATOM On.site from Siemens Healthineers For CT Head Exams at Patient's Bedside

The FDA has cleared the SOMATOM On.site, a mobile head computed tomography (CT) scanner from Siemens Healthineers that enables a critically ill patient to receive CT head imaging in the intensive care unit (ICU) while remaining in bed. Performing a CT head examination at the patientโ€™s bedside can eliminate costly transports to the radiology department, which involve high staffing requirements and potential patient risk. With the SOMATOM On.site, Siemens Healthineers enables reliable and consistent image quality at the point of care, allowing customers to transform care delivery.

The SOMATOM On.site transforms the delivery of care for critically ill patients who require a CT head scan,โ€ says Douglas Ryan, Vice President of Computed Tomography at Siemens Healthineers North America. โ€œThe system delivers reliable and consistent image quality demanded by healthcare professionals in the ICU, neurology, and radiology departments. Additionally, bedside imaging helps to reduce patient transports, thereby reducing the risk of infection while improving workforce efficiency.โ€

The SOMATOM On.site offers easy scan setup, fast workflow, and integrated patient support accessories, for convenient and consistent patient positioning in the scanner. An intelligent user interface concept, myExam Companion helps the radiologic technologist navigate the examination for consistent results. An integrated drive camera enables real-time viewing on the built-in Touch UI display for easy maneuvering by the technologist. The scannerโ€™s unique telescopic gantry design allows the radiation source to move away from the patient during scanning, while the base and the front cover of the gantry remain stationary. The SOMATOM On.site system design โ€“ with the telescopic, self-shielded gantry and attachable front and back radiation shields โ€“ reduces scatter radiation compared to CT scanners without this design and provides radiation protection for neighboring patients and staff.

About Siemens Healthineers AG
Siemens Healthineers AG is shaping the future of Healthcare. As a leading medical technology company headquartered in Erlangen, Germany, Siemens Healthineers enables healthcare providers worldwide through its regional companies to increase value by empowering them on their journey towards expanding precision medicine, transforming care delivery, improving the patient experience, and digitalizing healthcare. Siemens Healthineers is continuously developing its product and service portfolio, with AI-supported applications and digital offerings that play an increasingly important role in the next generation of medical technology. These new applications will enhance the companyโ€™s foundation in in-vitro diagnostic, image-guided therapy, and in-vivo diagnostics. Siemens Healthineers also provides a range of services and solutions to enhance healthcare providersโ€™ ability to provide high-quality, efficient care to patients. In fiscal 2019, which ended on September 30, 2019, Siemens Healthineers, which has approximately 52,000 employees worldwide, generated revenue of โ‚ฌ14.5 billion and adjusted profit of โ‚ฌ2.5 billion.

InterSystems Launches TrakCare 2020 Enabling Rapid Response & Flexible Care

InterSystems Named a Leader in 2019 Gartner Magic Quadrant for Operational Database Management Systems

InterSystems, a creative data technology provider dedicated to helping customers solve the most critical scalability, interoperability, and speed problems, has announced the availability of the latest version of its TrakCareยฎ Electronic Medical Record System; T2020.

The new version of TrakCareยฎ was released on schedule during the pandemic, driven by InterSystemsโ€™ commitment to delivering solutions that address the rapidly evolving needs of healthcare organisations. The timing of the release enabled InterSystems to integrate COVID functionality into the new version, underpinned by the knowledge and expertise the company has gained learning from the challenges and requirements of its customers around the world. InterSystems has also made several COVID-19 enhancements available for free to users of earlier versions.

T2020 delivers an enhanced user experience, informed by clinical users from around the world to get right to the heart of improved clinician workflows. The intuitive and responsive mobile interface that scales across different devices, has been developed to reflect the platforms people already use in their personal lives, driving user adoption, reducing training time and accelerating processes to save clinicians time.

The new version of TrakCare also introduces Encounter Record, centralising all patient records and related documentation into a single, unified workspace that surfaces the information needed at the right time. T2020 also provides nurse clinicians with intuitive and structured frameworks for determining a patientโ€™s problem, deciding an action plan, and monitoring for outcomes to improve the delivery of care with a holistic approach.

โ€œOur vision is to not only deliver high quality care but also to understand the outcomes for our patients and be able to act on that knowledge for continuous improvement,โ€ said Sarah Gardner, General Manager, Improvement, Quality, and Safety for MercyAscot, one of New Zealandโ€™s largest private surgical facilities. โ€œTrakCare gives us the foundation that allows us to deliver innovative care across our patient journey.โ€

The demands of COVID have underscored the need for rapid deployment, and the latest version of TrakCare has incorporated functionality to empower organisations to be more agile. Throughout the pandemic testing of high volumes of populations heightened the need to accelerate and streamline the approval process of results in labs. In response, InterSystems has added pre-configurations and new analyser interfaces to T2020, enabling lab clinicians to focus on the smaller percentage of testing that requires human intervention.

Whatโ€™s more, as COVID-19 spread, InterSystems recognised the opportunity to facilitate the shift to remote and decentralised care in the long term. Now integrating with Skype, Microsoft Teams, Google Meet, Attend Anywhere and other telecommunication platforms, T2020 helps to address the challenge of patients unable to attend consultations in person, by delivering telehealth capabilities alongside the ability to surface unified, healthy data at the point of delivery.

The 2020 version of TrakCare also introduces Remote Workbench, a new streamlined workflow for long distance rural care, remote care centres and remote patient retrieval. The offering supports clinicians in identifying when rural patients require testing, vaccinations, and even medical evacuation in the case of an emergency.

โ€œAt InterSystems, we continually work with clinical users from around the world to get to the crux of their challenges and translate those insights into our solutions and products,โ€ said Don Woodlock, head of healthcare solutions for InterSystems. โ€œThis latest version of TrakCare empowers healthcare organisations to be more agile with rapid response and flexible care capabilities that address evolving healthcare needs in every corner of the globe.โ€

Based on the InterSystems IRIS for Healthโ„ข data platform, T2020 boasts impressive interoperability with HL7 SMART on FHIR to ensure optimal security and reliability. The latest version is easily adoptable thanks to its lightweight footprint, and continually enhanced with the release of new features. Leveraging IRIS for Health, InterSystems minimises customer downtime during version upgrades, empowering customers to adopt and embrace new functionality faster than ever before.

About InterSystems

InterSystems is the leading global provider of creative data technology. Its cloud-first data platforms solve scalability, interoperability, and speed problems that enable digital transformation through the use of healthy data. InterSystems also develops and supports unique managed services for a hospital EMR, a unified care record for communities and nations, and a laboratory information management system. For over 40 years, InterSystems has provided excellence via 24×7 support to customers and partners in more than 80 countries. Founded in 1978, InterSystems is privately held and headquartered in Cambridge, Massachusetts with 25 offices worldwide.

Siemens Healthineers obtains first FDA EUA authorization for Semi-Quantitative SARS-CoV-2 IgG Antibody Test

Siemens Healthineers obtains first FDA EUA authorization for Semi-Quantitative SARS-CoV-2 IgG Antibody Test

Siemens Healthineers announced that it received FDA Emergency Use Authorization (EUA) for the SARS-CoV-2 IgG (COV2G) antibody test. This is the first antibody test authorized with a semi-quantitative detection claim and the fifth antibody test from the company to receive EUA that offers sensitivity and specificity of greater than 99 percent. The COV2G antibody test offers both a positive or negative result for IgG antibodies and reports a numerical result expressed as index value. The test also attained the CE-mark and is now broadly available globally.

A positive or negative result for IgG antibodies provides insight into an individualโ€™s prior exposure to SARS-CoV-2 virus. Importantly, a semi-quantitative result enables clinicians to gauge the level of IgG antibodies in a patientโ€™s blood sample. With this numerical value, clinicians can establish a baseline and be better equipped to assess changes of an individualโ€™s immune response to the SARS-CoV-2 virus. Comparison of numerical results will help determine how SARS-CoV-2 antibodies develop in an individual and persist over time. A semi-quantitative result is necessary to accurately establish the level of IgG that may be protective, and Siemens Healthineerโ€™s COV2G assay is well positioned to support this global pursuit.

When an individual is infected with the SARS-CoV-2 virus, unique antibodies will develop at different stages of the infection. Whereas the Siemens Healthineers SARS-CoV-2 Total antibody test detects antibodies to IgM and IgG that are present both early and later during the immune response, the COV2G antibody test specifically detects IgG antibodies that persist, and are the basis for an individualโ€™s longer term immune response. The combination of these tests provides a complete picture of a patientโ€™s serological status for the most accurate results throughout his or her contiuum of care.

โ€œOur high-quality antibody test helps clinicians assess the level of a personโ€˜s immune response, which is an important tool to have at this stage of the pandemic,โ€ said Deepak Nath, PhD, President of Laboratory Diagnostics for Siemens Healthineers. โ€œSiemens Healthineers offers a robust portfolio of reliable tests to help support patient care and fight COVID-19.โ€

Highly accurate antibody test results support key decision-making for individuals and communities. Antibody tests have multiple uses:

  • As an adjunct to PCR tests to aid in clinical assessment
  • To help determine prior exposure to the virus, by detecting antibodies that may neutralize the virus
  • To potentially identify donors of convalescent plasma
  • For epidemiological purposes including establishing prevalence of disease in populations
  • To potentially help verify effectiveness of vaccines as they become available

Antibody tests from Siemens Healthineers are well-positioned to aid vaccine development efforts. The COV2G antibody test, and all SARS-CoV-2 antibody tests from Siemens Healthineers, detect antibodies to S1RBD. Multiple potential vaccines in development for SARS-CoV-2 include the spike protein, specifically S1RBDโ€”a key protein on the surface of the SARS-CoV-2 virusโ€”within their focus.

Among the considerations for accelerated vaccine approval, according to most recent FDA Guidance issued on June 30, 2020, validated serology testing in clinical trials may play a pivotal role in assessing surrogate endpoints such as immune response to a vaccine. This requires additional understanding of SARS-CoV-2 immunology and, specifically, vaccine immune responses that might be reasonably likely to predict protection against COVID-19 and post-marketing studies to affirm predicted efficacy. The COV2G test meets or exceeds FDA requirements.

The COV2G antibody test is available on an expansive installed base of analyzers installed in the U.S. and in countries that accept the CE mark worldwide. This includes the Atellicaยฎ Solution and ADVIA Centaurยฎ XP and XPT families of analyzers. Comparable tests for Siemens Healthineers Dimension Vistaยฎ and Dimensionยฎ EXLโ„ข systems also are being pursued.

Siemens Healthineers has distinguished itself during the pandemic as a provider of quality antibody tests. For example, in a recent head-to-head of four commercial antibody tests conducted by Public Health England, in partnership with the University of Oxford, Siemens Healthineersโ€™ COV2T assay was the only test that met both sensitivity and specificity targets.

Lahey Hospital & Medical Center Launches NavvTrack Indoor Navigation & Location Services Platform

Lahey Hospital  Unveils New Endoscopy Center

Navv Systems, Inc. (NSI) announces that Lahey Hospital & Medical Center(LHMC), located in Burlington, Massachusetts, will launch its enterprise indoor navigation & location services platform called NavvTrackยฎ.

NavvTrackcombines a GPS-grade digital twin of the entire hospital, Appleโ€™s Indoor Positioning, and the existing WiFi network to allow dispatchers to communicate with and optimize transports and escort services within the facility. The platform makes all team members location aware โ€“creating a safer and more efficient work environment.

Byreducing wait times for individual transports, the platformcan improve the patient experience and remove friction from the workflows. โ€œOur initial use-case is tracking throughput and capacity restraints for radiology transport,โ€ Dr. Christoph Wald, chairman of the radiology department, says of NavvTrack. โ€œI expect that we will quickly role the platform out to all transportation & escort teams, environmental services, including housekeeping, as well as supply-chain and central pharmacy. Basically, anyone carrying an issued iPhone at Laheyโ€.By utilizing the existing WiFi network and issued iPhones at LHMC, the solution is essentially hardware-freeand quick to deploy. โ€œFrom the time we had an agreement to the time the solution was live, it was weeks, not monthsโ€, says Dr. Daniel Siegal, CEO of NSI.

About Navv Systems, Inc.
Navv Systems, Inc. (NSI) is aDetroit-based enterprise software and solutions company that uses Indoor Positioning technology (IPS) to provide indoor traffic control for hospitals&health systems, warehouses, manufacturing, transportation, and other large, complex organizations.

Medtronic Expands Leadership in Treating Bladder and Bowel Control Conditions with Two New FDA-Approved Products

industry_reports - 10745-medtronic-financial-report.jpg

Medtronic plc, the global leader in medical technology, announced it has received approval from the United States FDA for its InterStimโ„ข Micro neurostimulator and InterStimโ„ข SureScanโ„ข MRI leads. InterStim Micro โ€” the marketโ€™s smallest rechargeable device to deliver sacral neuromodulation (SNM) therapy โ€” is used for treating overactive bladder (OAB), fecal incontinence (FI) and non-obstructive urinary retention. The InterStim SureScan MRI leads are used with InterStim Micro and with the recharge-free InterStim II, and allow full-body 1.5 and 3 Tesla MRI-conditional scans.1 The two new products make Medtronic the only company to offer patients and physicians a choice in SNM systems to match their preferences, lifestyle and treatment goals. Product is available for order immediately and will be delivered for patient procedures within days.

โ€œIโ€™m excited about the new InterStim technology because it will allow so many more patients to be able to pursue SNM therapy and get back to living life their way,โ€ said Dr. Steve Siegel, urologist at the Centers for Female Urology and Continence Care at Minnesota Urology. โ€œThe new technology by Medtronic allows me and my patients a choice between a rechargeable or a recharge-free system to best suit their lifestyle, and assures them they can have an MRI. Medtronic has left no box unchecked.โ€

The new InterStim Micro:

  • Is 50% smaller than the marketโ€™s other rechargeable SNM device, making it the worldโ€™s smallest.
  • Allows patients to choose how and when they want to charge their device โ€” from a quick charge once a week, or as infrequent as once per month, depending on the patientโ€™s preference or device settings.
  • Features SureScan MRI technology, which does not require impedance checks prior to an MRI scan, providing more efficiency in patient care versus the other SNM system on the market.
  • Can recharge from zero to 100% in less than an hour, making it the fastest battery available.
  • Reduces the need for battery replacement surgeries due to its life of 15 years.

SureScanโ„ข MRI technology is a known and trusted brand by MRI technicians. Built on more than 19 years of full-body MRI research, 10 million simulated patient scans, and more than 1.2 million unique scanning scenarios, Medtronic SureScanโ„ข MRI systems prioritize patient safety.1

โ€œThe new InterStim portfolio brings the best choice in SNM therapy, offering MRI conditional recharge and recharge-free options for patients who have tried other therapies with little or no results,โ€ said Brooke Story, vice president and general manager of the Pelvic Health & Gastric Therapies business, which is part of the Restorative Therapies Group at Medtronic. โ€œWe have the only five-year data for four indications to demonstrate the safety and efficacy of InterStim systems and 25 yearsโ€™ experience in sacral neuromodulation therapy. Weโ€™re committed to partnering with physicians to bring life-enhancing technologies to patients.โ€

Medtronic has seen rapid adoption of the new InterStim portfolio in Europe since receiving CE mark in January 2020.

More than 37 million adults in the United States โ€” almost one in six โ€” suffer from overactive bladder (OAB),2,3 and nearly 18 million Americans โ€” about one in 12 โ€” have bowel incontinence.4,5 Many sufferers limit their lives socially, professionally, and personally.6 However, as many as 45% who suffer from symptoms do not seek treatment and as many as seven in 10 stop using medications within six months due to intolerable side effects or unsatisfying results

About Sacral Neuromodulation
Sacral neuromodulation (SNM) uses a small device to send electrical impulses to the sacral nerves located in the lower back to improve bladder and bowel control. Unlike oral medications that target the muscular component of bladder control, SNM offers control of symptoms through direct modulation of the nerve activity, normalizing the communication between the bladder and the brain.10,11

About Medtronic
Medtronic plc, headquartered in Dublin, Ireland, is among the world’s largest medical technology, services and solutions companies โ€“ alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

Cleveland Medical Center adopts GE Healthcares AI solution

The worlds first RIM's medical platform is being created in Poland

The Optima XR240amx mobile x-ray unit features a Thoracic Care Suite which is powered by AI algorithms from Lunit INSIGHT CXR, which flags if a patient has a collapsed lung or other abnormalities. Specialists are then notified for immediate reading, putting patients on a rapid path to treatment.

GE Healthcare selected UH to evaluate the mobile x-ray system in November 2019, and completed the evaluation phase the following month. The hospital is now using the technology in daily clinical practice, identifying 7 to 15 collapsed lungs per day.

โ€œUH evaluated the equipment in the clinical setting, reporting back (to us) before the company made the system available commercially,โ€ said Katelyn Nye, general manager of global mobile radiology and artificial intelligence at GE Healthcare. โ€œToday there are a multitude of AI algorithms being developed, but very few solutions seamlessly integrate into actual clinical workflow.”

GE Healthcare picked UH as the first national pilot site because of an extensive research relationship, its advanced radiology and IT teams, and its center of excellence for cardiothoracic care, according to Nye.

โ€œEmploying this equipment means better care for our patients,โ€ said Dr. Amit Gupta, modality director, diagnostic radiography and principal investigator on the project. โ€œItโ€™s now not just the humans working for them โ€” now the machines are assisting in the patientโ€™s welfare. This improves workflow as well as patient care.โ€

When they were piloting the technology, UH and GE did not anticipate the increased importance the AI-enhanced chest x-ray would take on in the pandemic context several months later. Complications of Covid-19 include pneumonia and acute respiratory distress, further pressuring radiologists to quickly read imaging exams. The AI-powered analysis allows taxed clinicians to more quickly diagnose and treat Covid-19 patients with respiratory complications.

Kieran Murphy, president & CEO of GE Healthcare, added, โ€œThe pandemic has proven that data, analytics, AI, and connectivity will only become more central to delivering care.โ€

Headquartered in Chicago, GE Healthcare is one of the leading manufacturers of medical diagnostics equipment and technology. Its management consulting arm GE Healthcare Partners supports healthcare organizations in North America, and was named the #1 Best Consulting Firm for Innovation in Vaultโ€™s 2020 rankings.

The company earlier this year launched Mural Virtual Care Solution, which allows hospitals to remotely monitor numerous ventilated patients simultaneously, and enables the identification of patients at risk of deterioration.

Lemonaid Health Raises $33M to Expand On-Demand Consumer Telehealth Platform

Lemonaid Health Raises $33M to Expand On-Demand Consumer Telehealth Platform

Lemonaid Health, a convenient, affordable, on-demand platform for telehealth, has raised a $33 million Series B round of funding, bringing total financing to $55 million. The oversubscribed round was led by Olive Tree Ventures with participation from Artis Ventures, Correlation Ventures, Hikma Ventures, Sierra Ventures and others.

COVID-19 Driving Telehealth Adoption

The coronavirus pandemic has accelerated the integration of telehealth and transformed the way consumers interact with their healthcare providers. Providers are seeing 50 to 175 times the number of patients via telehealth platforms than they were before the outbreak, according to a McKinsey COVID-19 Consumer Survey.

Online Doctorโ€™s Office & Medicine Delivery

Founded in 2013 by Co-Founders Ian Van Every and Paul Johnson, Lemonaid Health offers patients direct access to the care they need, from consultation through treatment nationally across the U.S. The company leverages evidence-based guidelines and the most up-to-date clinical protocols to provide quality care for less than typical co-pays. In just a few minutes, patients are able to interact with a U.S.-licensed doctor or nurse practitioner for conditions like anxiety and depression, urinary tract infections (UTIs), birth control, hair loss, hypothyroidism, erectile dysfunction, genital herpes and sinus infections. Patients are also offered free and fast delivery of prescription medications through the platform to speed treatment.

For $25 per visit, patients can request prescriptions by filling out a questionnaire and attaching a picture for the doctor to write out the prescription, and then have it automatically sent to a locally preferred pharmacy within a 2-hour turnaround time. The visit cost is much cheaper than a co-pay, and an email summary of the care provided is sent for the patientโ€™s primary care doctor.

Expansion Plans

Lemonaid Health has seen a surge in demand for its services and interest from prospective partners during the COVID-19 pandemic. Although initially a direct-to-consumer provider, the company is starting to work with partners within the existing healthcare system to further expand reach.

With the investment, Lemonaid Health will expand its team of medical professionals and increase the number of services being offered to patients, including treatment for asthma, hypertension, Type 2 diabetes and more mental health services.

โ€œThe U.S. healthcare system has struggled to deliver the services patients need in a way that is convenient and effective. The challenges of providing routine care has been exacerbated recently as the majority of health resources have been focused on responding to the coronavirus pandemic,โ€ said Paul Johnson, co-founder and CEO of Lemonaid Health. โ€œWe founded Lemonaid Health with a vision to increase access to affordable, high-quality healthcare. As more consumers have turned to telehealth in the last six months, weโ€™ve seen significant growth in demand for our online services. With the additional financing, we will be able to help even more patients get the care they deserve and expand our services in partnership with other healthcare providers.โ€

C Spire partners with Delta Regional Medical Center on remote patient monitoring

C Spire partners with Delta Regional Medical Center on remote patient monitoring

C Spire is teaming up with the Delta Regional Medical Center to debut a remote patient monitoring program in Mississippi for a broad array of chronic medical conditions that will help manage health care costs for hospitals in rural areas and improve the quality of life for patients.

The company is providing Delta Regional Medical Center with a cutting-edge, white-label platform from Vivify Health that enhances existing electronic health records (EHR) and work efficiency while delivering proven results with over 97 percent patient satisfaction, up to a 65 percent reduction in readmission and double-digit returns on investment.

C Spire Remote Patient Monitoring helps hospitals and doctors monitor patients from smartphones โ€“ giving individual patients more freedom to live independent lives and reducing emergency room visits and readmissions. Video chat, audio calls and secure text can be used when an appointment or other intervention is needed.

Major health care operations across the U.S. are implementing remote patient monitoring for chronic and high-risk patients as part of a voluntary transition from a traditional “fee for service” model to a value-based accountable care organization (ACO) approach where hospitals and clinics focus on preventative care to avoid hospitalization.

“This life-saving technology is engaging and easy to use and teaches patients the information and habits they need to get on the road to a better life,” said Wade Smith, Senior Vice President of Business and New Products for Consumer Technology at C Spire. “Our mission is to help hospitals and doctors transform chronic care through technology.”

Mississippi has some of the highest rates of obesity, diabetes and heart disease in the U.S. and has ranked near the bottom in most of these critical chronic health condition categories for decades, according to 2018 data from the state Department of Health, the federal Centers for Disease Control and Prevention and the Kaiser Family Foundation.

“We’re excited about being the first hospital to work with C Spire and Vivify to implement this hospital and patient-friendly platform in Mississippi,” said Scott Christensen, Chief Executive Officer for Delta Regional Medical Center. Through proactive, daily digital monitoring, we’re confident we can reduce fluctuating episodic care while primary care physicians stay advised and in control of patients’ wellbeing.

Smith said the platform allows hospitals and doctors to follow patient biometrics, medication adherence, diet and other health choices. With 12 percent of the state’s residents without health insurance and 22.6 percent living in rural poverty, RPM will help “deliver more efficient services, stretch limited health care dollars and help keep patients away from waiting rooms and emergency care,” he said.

C Spire plans to conduct an Aug. 18 webinar with the Mississippi Hospital Association to provide the state’s 63 hospitals and medical centers with more details about how remote patient monitoring can help prevent life-threatening, costly health problems and keep high-risk patients isolated and safe.

About C Spire
C Spire is a privately held telecommunications and technology company driven to deliver the best experiences in wireless, fiber internet, and business IT solutions such as internet, VoIP, cloud and managed services. Read more news releases and announcements at cspire.com/news. For more information, visit cspire.com or find us on Facebook, Twitter or Instagram.

About Delta Regional Medical Center
Delta Regional Medical Center (DRMC) is a full service hospital dedicated to serving the Delta since 1953 with the mission of providing high quality medical services to the citizens and communities in the Tri-state Delta Region and to be a leader in providing needed support services to healthcare providers and patients to improve the health of the communities served. Our priority is to consistently provide the best and safest care to our patients and to ensure a sustainable presence in our community.

Digital Therapeutics Company DarioHealth Raises $28M to Expand Market Share

Digital Therapeutics Company DarioHealth Raises $28M to Expand Market Share

DarioHealth Corp., a pioneer in the global digital therapeutics market, announced that it closed a private placement transaction with accredited investors, including healthcare funds and institutions from the U.S. and Israel. The company received aggregate gross proceeds of approximately $28.6 million, before deducting placement agent fees and other offering expenses.

Digital Chronic Care Solution

Founded in 2011, DarioHealthโ€™s digital therapeutics platform delivers evidence-based interventions that are driven by data, high-quality software and coaching, we empower individuals to make healthy adjustments to their daily lifestyle choices to improve their overall health. DarioHealthโ€™s cross-functional team operates at the intersection of life sciences, behavioral science and software technology to deliver highly engaging therapeutic interventions.

Funding Plans

Capital from this financing combined with existing balance sheet cash positions the company in its best financial state since its founding. It is expected that these resources will be used to fund Darioโ€™s long term strategic operating plan, as it expands its focus from the direct-to-consumer channel to what it believes is the larger, more lucrative business-to-business-to-consumer channel, which is characterized by lower customer acquisition costs, higher margins, and recurring revenues. In that regard, the primary use of proceeds will be to further fund the build-out of the companyโ€™s commercial infrastructure to assist it in securing contracts with health plans, self-insured employers and providers, and to penetrate their vast member, employee, and patient populations.

The companyโ€™s largest existing shareholder, Nantahala Capital Management, LLC (on behalf of client funds and accounts), was joined by new investors including funds managed by Manchester Management Company LLC, Soleus Capital Management L.P. as well as leading Israeli institutional investors such as Phoenix insurance, Mor provident fund, Psagot investment house.

The company sold 2,969,266 shares of common stock and, to certain investors in lieu thereof, pre-funded warrants to purchase 824,689 shares of common stock at an exercise price of $0.0001 per share. The purchase price per share was equal to $7.47, or the โ€œMinimum Price,โ€ pursuant to Nasdaq Rule 5635(d) as of July 28, 2020, and the purchase price of each pre-funded warrant was $7.4699. The company also sold 31,486 shares of common stock at a price per share equal to $7.94, or the โ€œMinimum Price,โ€ pursuant to Nasdaq Rule 5635(d) as of July 30, 2020, The transaction closed on July 31, 2020.

โ€œWe are pleased to have the confidence of our largest shareholder and several new highly regarded healthcare investors as we expand our commercial to manage existing and anticipated near-term agreements with health care payers,โ€ said Erez Raphael, chief executive officer of Dario. โ€œThe adoption rate of digital therapeutics has been accelerated by the current pandemic. Darioโ€™s efficacious, value-oriented solution is well-positioned to compete in this largely untapped U.S. market.โ€

Quest Diagnostics Launches Automated Next Generation Sequencing (NGS) Engine To Power AncestryHealth

 Quest Diagnostics Launches Automated Next Generation Sequencing (NGS) Engine To Power AncestryHealth

A new innovation in advanced genetic sequencing automation from Quest Diagnostics will now enable individuals to access highly accurate genetic testing providing insights into inherited diseases including cancers of the breast, colon and other conditions through AncestryHealthยฎ.

Quest developed a faster and cheaper way to perform next generation sequencing (NGS) to power AncestryHealth, a new consumer genetics offering launched by Ancestryยฎ on August 3. AncestryHealth provides genetic screening of risks for an expanded set of health conditions such as heart disease, breast cancer, colon cancer and blood disorders. AncestryHealth powered by NGS looks at more regions in a person’s genome than microarray-based testing technology.

This improvement in automating next generation sequencing will enable genetic screening faster and at much lower cost, and could have profound implications for healthcare in the future, truly empowering better health through actionable insights for millions of people who want to know more about their health risks,” said Steve Rusckowski, Chairman, Chief Executive and President, Quest Diagnostics. “The improvements our scientists have made in quality and productivity represent a step change for genetic testing. It wasn’t long ago that genetic sequencing took months and cost thousands of dollars. Quest’s proprietary innovation enables sequencing insights in a fraction of the time at a fraction of the cost.”

The new technology platform, developed at Quest’s Advanced Diagnostics Research and Development centers in San Juan Capistrano, Calif., and Marlborough, Mass., combines advancements at every stage of the process including sample miniaturization, lab automation, and state-of-the-art sequencing and bioinformatics pipelines. The launch marks a dramatic shift in consumer-initiated genetic testing, which, for the last decade, has largely been based on microarray technology. Because NGS technology can access orders of magnitude more of the genome, including challenging-to-sequence variants, the NGS technology that powers AncestryHealth does a better job of determining if someone is at greater risk for some of the most common inherited health conditions.

“When it comes to your health and your family’s health, the more you know the better,” said Ron Park, MD, EVP of Health and DNA at Ancestry. “Through Ancestry’s collaboration with Quest Diagnostics, we are able to expand access to valuable genetic health screening information at a time when health is top of mind for everyone.”

Quest is providing the technology for use in AncestryHealth and AncestryDNAยฎ offerings under an exclusive agreement. Additional details of the agreement were not disclosed. Quest has supported AncestryDNA since 2017 using microarray technology at its Advanced Diagnostics Center of Excellence in Marlborough, Massachusetts.

AncestryHealth powered by NGS can achieve about 80-90 percent detection of inherited risk for specific health conditions.1 For breast and ovarian cancer, for example, this means the NGS technology powering AncestryHealth has a risk detection rate four times higher than most microarray-based tests.

About AncestryHealth
In 2019, Ancestry launched AncestryHealthยฎ to empower people to take proactive steps โ€“ in collaboration with their healthcare provider โ€“ to address potential health risks identified in their genes and family health history. The tests offered by AncestryHealthยฎ are physician-ordered and are not diagnostic. The tests are not reviewed or approved by the FDA and are not available in NY, NJ or RI.

About COVID-19 Testing at Quest Diagnostics
Quest Diagnostics is?at the forefront of the response to the COVID-19 pandemic, working to broaden access to laboratory insights to help us all lead healthier lives. We provide?both?molecular diagnostic and antibody?serology?tests to?aid in?the diagnosis of COVID-19 and?immune response.?Our?COVID-19 test services?are based on?tests?that?have received FDA emergency use authorization?and which?also?meet our high standards for quality.?We are providing these test services under the Public Readiness and Emergency Preparedness Act. We provide?data on?COVID-19?testing?to various federal and state public health authorities, including the Centers for Disease Control and Prevention, and participate in studies with government and private institutions,?aiding?COVID-19?public health?response?and research.?Through?our team of?dedicated?phlebotomists, air fleet team, couriers and?laboratory professionals, Quest Diagnostics?works hard every day to help patients and communities across the United States access quality?COVID-19 testing.???

About Quest Diagnostics
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world’s largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve health care management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our 47,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives.

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