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July 23, 2019updated 23 Dec 2019 10:22am

Medtronic to offer Viz.ai’s AI stroke detection software in US

Irish medical technology firm Medtronic has agreed to distribute artificial intelligence (AI)-based stroke care solutions provider Viz.ai’s new technology across US centres.

Irish medical technology firm Medtronic has agreed to distribute artificial intelligence (AI)-based stroke care solutions provider Viz.ai ’s new technology across US centres.

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Viz.ai ’s software, which holds US F ood and Drug Administration (F DA) clearance, has been designed to detect suspected large vessel occlusion (LVO) strokes.

It can be linked to hospital computed tomography (CT) scanners and uses advanced deep learning to automatically notify specialists about a suspected LVO stroke.

Within minutes, the software sends radiological images directly to stroke specialists’ smartphones.

The technology is expected to optimise stroke care and decrease time-to-treatment for better patient outcomes.

Under the terms of the deal, Medtronic will distribute Viz.ai ’s LVO detection and triage software services that have marketing authorisation in the US.

Viz.ai technology is available in more than 200 hospitals and aims to expand to all stroke centres.

Viz.ai co-founder and CEO Dr Chris Mansi said: “As the largest medical device company in the world, Medtronic is an ideal partner to help physicians access Viz.ai ’s cutting-edge technology to ensure as many patients get the care they need as quickly as possible.”

Of all patients who suffer from an LVO in the US, only 15% are estimated to undergo a mechanical thrombectomy procedure that removes blood clots, noted Medtronic.

In a study conducted at two sites, Viz LVO demonstrated the ability to alert the stroke specialist earlier than standard in 95.5% of true positive cases. The software was able to save an average of 52 minutes.

Medtronic Neurovascular business vice-president and general manager Stacey Pugh said: “We are excited about this partnership because Viz.ai ’s technology has the potential to significantly reduce the time it takes for patients suspected of LVO stroke to receive the care they need.

Viz.ai ’s software coupled with our network is going to increase access to needed therapies. It greatly complements our existing portfolio.”

Currently, the Irish company provides the Solitaire Platinum revascularisation stent designed to retrieve clots from occluded blood vessels in the brain of patients having an acute ischemic stroke (AIS) due to an LVO.

 

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Free Report
img

What is driving M&A activity in the MedTech space?

The COVID-19 pandemic has left an indelible mark on the MedTech landscape. Changes in how healthcare is delivered, and new treatment modalities, are creating opportunities and challenges for both new and traditional players. As companies sought out opportunities during the pandemic-driven downturn, the number and value of mergers and acquisition deals in the MedTech space increased. Companies worked to reposition themselves in the newly aligned healthcare world, but with further economic turmoil expected: will these trends be repeated? And what tech areas should firms be looking to expand their capabilities into? GlobalData’s report, “Themes driving M&A activity in the Medical Devices Sector, Q1 2022,” draws upon GlobalData’s extensive MedTech deals databases, highlighting major trends and hot themes in M&A activity. This report will assist you in:
  • Understanding value and volume trends in M&A from Q1 2018 to Q1 2022
  • Understanding regional trends in M&A activity
  • Understanding which medical device sectors are leading M&A activity, and which are lagging
  • Understanding the leading tech trends in Q1 2022 M&A activity
  • Knowing the key deals that occurred during Q1 2022
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

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