Medical devices

Knapp gift locks Feinstein bioelectronics on diabetes

By GREGORY ZELLER // A new research program will focus the Feinstein Institute for Medical Research’s considerable bioelectronic resources on a main antagonist of American health: diabetes. The research and development division of the Northwell Health system has received a $1 million gift from the Knapp Family Foundation, enough to kick off a four-year effort to explore bioelectronic medicine-based treatments for the chronic disease, which affects more than 29 million Americans – just under 10…

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IPS has designs on $155 billion medical market

BY GREGORY ZELLER // Hauppauge maker Intelligent Product Solutions is making its way into a projected $155 billion industry. Just two months after cutting the ribbon on a satellite office in the heart of Minnesota’s busy digital-medicine R&D ecosystem, IPS has launched a new consulting practice focused exclusively on medical product design. Led by Vice President Tim O’Brien, a 25-year medical-product veteran hired in 2016 to head up the Minnesota office, the Minneapolis-based Medical Product…


Northwell adds corneal crosslinking, Ned approves

By GREGORY ZELLER // The FDA has seen the light. So has Northwell Health. Now Ned Daily can, too. Daily, a Long Island-based photographer/videographer, was slowly losing his vision to keratoconus, a common eye disease that damages the cornea. And he was on the table when doctors at Northwell Health’s Ocular Surface Center recently performed a cutting-edge corneal crosslinking treatment – making Northwell the first New York health system to offer the procedure, which the…


Nerves of steel: Sanguistat stimulator steps up

By GREGORY ZELLER // The world’s leading cause of maternal deaths is the target of new clinical trials for a trailblazing bioelectronic medical device. The Neural Tourniquet, an electronic nerve-stimulation technology licensed to Sanguistat Inc. by the Feinstein Institute for Medical Research, is seeing action against postpartum hemorrhage in new clinical trials underway at Feinstein, the research arm of the Northwell Health system. Sanguistat, a 2016 clinical-stage medical device spinoff founded by Feinstein Vice President…


Northwell hospitals target pulmonary embolisms

Southside Hospital is now busting up blood clots with new tech that promises to shorten treatment time and reduce potential complications. Joining several sister hospitals throughout the Northwell Health system, the Bay Shore facility is now packing the EkoSonic Endovascular System, flagship product of the Washington State-based Ekos Corp. and the only FDA-approved endovascular device – denoting surgical procedures that insert catheters through the skin to treat blood disorders – targeting pulmonary embolisms. Those lung-based…


Canon USA pumps $40M into Mass.-based biotech

By GREGORY ZELLER // Melville-based imaging giant Canon USA has reaffirmed its commitment to the healthcare sector, to the tune of $40 million. That’s how much the global imaging-solutions provider has dropped on T2 Biosystems, a Massachusetts firm specializing in innovative diagnostics. Canon USA announced Thursday that is has purchased enough stock – at $6.56 per share – to take roughly 20 percent ownership of T2 Biosystems. Maryland-based Canon U.S. Life Sciences Inc., a wholly…


Economic development with surgical precision

By GREGORY ZELLER // With design in its DNA, MIDI Medical Product Development has a long commercialization history. With its new Innovation Center, the veteran Smithtown maker is focused squarely on Long Island’s future. Two months after cutting the ribbon on its new 6,500-square-foot headquarters and Innovation Center – a buzzing design and manufacturing hub staffed by 30 MIDI engineers, software developers, industrial designers and user-interface experts – the 44-year-old company is expanding its own…