20 October 2023
20 October 2023
The lawsuit alleges that Nanowatt used Europlasma’s technical drawing without authorisation to duplicate the plasma coating machines.
At the ongoing Med-Tech World 2023 conference in Valletta, Malta, panellists say data integration and digital foundations are key for AI medical imaging growth.
Investment bank Stout guided the acquisition.
This new clearance expands the devices’ remit as it has been available in the US since 2021 for percutaneous needle interventions.
The companies will contribute their expertise in ultrasound medical technology and metabolic disease treatment and management.
In addition, Nanavaty will serve as president at nference, Ventures and will also continue to work as a board member of Rani Therapeutics.
The company plans to obtain approval for its DeepView AI - Burn software to launch the complete DeepView SnapShot system.
The system uses RDI technology to increase the visibility of deep blood vessels and bleeding points.
The Excellence Awards celebrate the greatest achievements and innovations in the industry while providing a platform to recognize the people and companies driving change – get entry details now.
The medical devices industry is highly regulated and therefore can be slow to adopt new technologies to modernize. However, it is realizing the benefits that AI can bring, and AI is now being used in different areas across the entire value chain. Common use cases include data management, remote surgery, diagnostic and procedural AI assistants, and clinical trial design. GlobalData estimates that the AI in medical devices market is expected to grow at a CAGR of >29% by 2027.
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