News We’re Watching: AngelMed Becomes Avertix, 3M Layoffs, FDA Warns On COVID Test Use
Executive Summary
This week, cardiac monitoring firm AngelMed announced its new name; Tempus nabbed FDA approval for its tumor profiling test; and iRhythm revealed that it’s been subpoenaed by the US Department of Justice.
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3M Plans To Spin Off Health Care Business By The End Of 2023
The company’s health businesses include product lines worth nearly $9bn in annual sales. The deal is designed to allow both the new health care company and the “new 3M” to focus resources more efficiently on their separate priorities.
Exec Chat: AngelMed Rolls Out Guardian Cardiac Monitor, Prepares To Go Public
Angel Medical Systems accomplished several major milestones in 2021, including FDA approval of the second-generation version of The Guardian implantable cardiac detection monitor and patient-warning system for acute coronary syndrome events. CEO Brad Snow talked to Medtech Insight about the company's plans to commercialize The Guardian in 2022.
Telehealth Advocates Disappointed, Reenergized To Get Coverage For Older Diabetes Patients
When the US Medicare agency didn’t include diabetes telehealth coverage for its patients in a recent decision, advocates say they weren’t surprised – and now they’re even more motivated to pass legislation to achieve their goals.