Medical-tech News

Second Israeli pill camera co mulls IPO

Thursday, September 2nd, 2010

by Shiri Habib-Valdhorn

Sources inform ”Globes” that CheckCap Ltd., which is developing a sonar-based pill imaging device for early colon cancer detection, is considering an IPO on the Tel Aviv Stock Exchange (TASE). Another company, Given Imaging Ltd., developer of the PillCam endoscopic camera, is one of Israel’s most successful biomedical companies. CheckCap wants to raise tens of millions of shekels at a company value of $100 million. The company does not rule out other ways of raising capital, including an IPO in the US, or a financing round from private investors and equity funds. The company has already met with Israeli and foreign underwriters. http://www.globes.co.il/serveen/globes/docview.asp?did=1000586222&fid=1725

Preventing pneumonia and saving billions

Tuesday, August 31st, 2010

by Karin Kloosterman

LunGuard’s first product is a peristaltic feeding tube that is capable of preventing reflux and is expected to significantly lower the occurrence of VAP (Ventilator Associated Pneumonia) in ventilated patients. To prevent reflux and infection, the feed rate is set at moderate, which is often slower than what a patient actually needs. And generally, no one monitors what’s happening during the four or five hours following feeding, Ofer Pintel,  LunGuard’s co-founder and CEO explains. “Our solution can give information about peristaltic motion and the sphincter at the entrance of the stomach. We know that secretions crawl up to the respiration tract. Our solution prevents reflux continuously, and it’s safe. We are not just blocking the esophagus, but use a unique motion and balloons and a special feeding technology.” http://www.israel21c.org/201008298227/health/preventing-pneumonia-and-saving-billions

GE to get its heart tech from Israel

Sunday, August 22nd, 2010

by Dana Blankenhorn

GE Healthcare signed a strategic partnership to bring cardiovascular Computed Tomography (CT) technology from start-up Arineta Ltd. of Israel to the hospital market. (Heart image from GE Healthcare.) CT has been around for four decades but is only now capable of imaging the heart quickly enough to provide freeze-frame images of the muscle in action. http://www.zdnet.com/blog/healthcare/ge-to-get-its-heart-tech-from-israel/3950

Blood test co RapiDx looks to raise $4.2m

Tuesday, August 10th, 2010

by Shiri Habib-Valdhorn

TechnoPlus Ventures Ltd.  portfolio company RapiDx Ltd. is preparing for clinical trials of its self-applied blood test development device ahead of a planned launch in the US and Europe in 2012. The Tel Aviv-based company is seeking to raise $4.2 million from venture capital funds and angel investors. The company has raised less than $1 million to date. RapiDx was founded byNili Tamir. The company developed a disposable device for quick blood tests for early detection of diseases and complications from AIDS to high cholesterol. The device is designed for ease-of-use without the need for professional intervention. http://www.globes.co.il/serveen/globes/docview.asp?did=1000580869&fid=1725