Ametek to buy Paragon Medical for $1.9bn
The transaction is subject to customary closing conditions, including necessary regulatory approvals.
01 November 2023
01 November 2023
The transaction is subject to customary closing conditions, including necessary regulatory approvals.
As per WHO, about one in ten medical products in low-income and middle-income countries is substandard or falsified.
The recall, which is a correction rather than a product removal, involves 3,136 devices distributed in the US over an eleven-year period.
As 5G technology becomes more widely available, remote-controlled robotic surgery will become a reality.
The medical device helps administer low, metered and consistent doses of medicinal cannabis through inhalation.
The regulatory sandbox is intended at providing a safe space for AI tool developers in healthcare to trial products in view of regulators before implemented.
The platform consists of an intraocular lens with drug-eluting pads and is designed so that patients need not self-administer eye drops post-surgery.
The system is approved for navigation of the SOLACE implants and instrumentation using the Medtronic StealthStation system.
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The healthcare, pharma, and medical devices industries are often risk-averse compared to other sectors when adopting new technologies. However, mainly due to COVID-19, these sectors have witnessed an acceleration in digital transformation. AI can revolutionize the drug discovery process and significantly reduce the time and cost to get a drug to market, particularly in areas of unmet need. There is also huge potential for AI in medical diagnostics. However, using healthcare data for AI development raises data privacy concerns, thereby limiting its adoption.
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