This Week’s Headlines
Bionic Vision Secures Funding for “Bionic Eye” Development
Posted 4/5/2017
Bionic Vision has announced plans to move forward with development and commercialization of an implant which would enable partial treatment of retinitis pigmentosa, a genetic disease which breaks down rods overtime. The device will be comprised of an implant behind the retina to stimulate existing cells and an external camera and visual processing unit which transmits images to the implant. The “bionic eye” device is scheduled to begin clinical trials in Australia within the next few months. Read the full article here.
The European Union Announces New Medical Device Rules
Posted 4/5/2017
The EU has announced new regulations for medical devices to ensure safety and quality in European devices. The new rules will introduce an EU database listing all European devices and their progress in lifecycle development, device cards for patients to easily receive information regarding devices, and financial mechanisms which ensure that patients are fairly reimbursed in the event of defective products. Officials claim that the new rules are based off regulations introduced in 2012, and will focus on increasing patient safety and treatment quality. Read the full press release here.
Agenus Begins Advanced Cancer Vaccine Clinical Trials
Posted 4/5/2017
Agenus has commenced the first clinical trial of its latest advanced cancer treatment, AutoSynVax (ASV). Throughout the trial the neoantigen vaccine will be combined with QS-21 Stimulon. The treatment has presented evidence that it mediates tumor control and lasting immune memory in murine models of care. This success may be continued with checkpoint modifiers throughout clinical trial phases. Read the full press release here.
Medical Device and Diagnostic Industries to Experience Major Growth
Posted 4/5/2017
The medical device and diagnostic industries may experience a sharp growth between 2017 and 2025. Due to advancements in technology, reduced treatment cost, and recover time have aided the industry to expand treatment coverage and increase patient access. In addition to increasing access, strict global regulation has improved industry competition among device cost and quality. Though North America is currently the largest medical device market, Asia Pacific may soon become a strong competitor as it experiences notable economic growth. Read the full article here.
Teva Pharmaceuticals Releases Drug Metabolizing Innovation
Posted 4/5/2017
Teva Pharmaceuticals has announced an innovation in the way of drug metabolizing. To prolong therapy digestion and ensure drug abilities, Teva has begun replacing various hydrogen atoms within a drug with isotope deuterium. This heavier element, when introduced to a drug’s composition, allows the drug to remain unchanged for longer within the human body, increasing chances of therapy success. The isotope, commonly referred to a “heavier hydrogen,” increases the drug’s atomic weight which makes acidic breakdown more difficult. This has been primarily used in Teva’s Huntington disease therapy. Read the full article here.