VANCOUVER, BC and CARLSBAD, CA – March 8, 2021 – Canary Medical today announced that it has been named by Fierce Medtech as one of 2020’s Fierce 15, designating it as one of the most promising private companies in the industry. Read the full release here.
Horizon Technology Finance and Silicon Valley Bank Provide $20 Million Venture Loan Facility for Canary Medical
View the entire article here. NEWS PROVIDED BY Horizon Technology Finance CorporationJan 04, 2021, 16:15 ET FARMINGTON, Conn., Jan. 4, 2021 /PRNewswire/ — Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, along with lending partner, Silicon Valley Bank (“SVB”), a provider of financial solutions for growth-oriented companies, announced today that on December 31, 2020 they provided a $20 million venture loan facility to Canary Medical, Inc. (“Canary Medical”), a medical data company improving healthcare outcomes with its proprietary smart medical devices. View the entire article here.
Zimmer Biomet and Canary Medical Inc. to launch smart knee implant in 2021. View the entire article here. Excerpt: Two Wall Street analysts, Mike Matson, CFA, and David Saxon, CFA, from Needham & Company, LLC have selected Zimmer Biomet Holdings, Inc. as their top pick for 2021. … Matson and Saxon selection of Zimmer Biomet as a top pick for 2021 comes on the heels of a very interesting announcement by ZBH regarding its latest technology move—specifically ZBH’s acquisition of a novel smart implant technology which Matson and Saxon think could become a “significant growth driver.” That technology comes from Zimmer Biomet’s arrangement with Canary Medical Inc. and the plan in 2021 is to launch a remarkable smart knee implant to collect and analyst real-time knee data and communicate that to the patient’s care team via the cloud. This cutting edge technology, says ZBH, will be incorporated into a Persona-IQ
From Korn Ferry Insights Article Summary The use of remote patient monitoring devices accelerated rapidly when COVID-19 hit. To maintain the growth, however, healthcare systems and device manufacturers will have to overcome a host of issues… View the full article here and download (PDF)
From MedTech Strategist – July 8, 2020 Article Summary Since March, years of Darwinian-style stepwise medical evolution have collapsed into four months of disruptive change in medical practice because of the needs created by the global coronavirus pandemic. Remote patient monitoring is benefitting from the shift, with two barriers being removed in one fell swoop: reimbursement, and the re-education of physicians. Start-ups Canary Medical and Intelligent Implants are seeing brighter prospects for their smart orthopedic implants. Download the full article here (PDF)
2020 LifeSciences BC Annual Award Winners Announced VANCOUVER, BC – March 2, 2020 – LifeSciences BC is pleased to announce the recipients of the 22nd Annual LifeSciences BC Awards, presented by FARRIS. These awards are presented annually to recognize talented individuals and organizations that represent the life sciences ecosystem in B.C. which includes academia, health institutions, research & development, SMEs, government and industry. This year’s award winners represent the full spectrum from discovery to commercialization, underscoring the depth of knowledge that significantly contributes to the B.C. bioeconomy, while improving the lives of patients here and around the world. “We are honoured to participate in the recognition of BC’s most noteworthy people and organizations in the life sciences space,” said Dr. Pascal Spothelfer, President and CEO, Genome British Columbia. “The mix of talent and drive in this year’s group of recipients is remarkable and we look forward to their continued accomplishments
The global orthopedic implants market valued at $47 billion in 2016 is expected to grow to $75 billion by 2023. To get a piece of that action, lead investors at Vancouver, B.C.-based Quark Venture Inc. are investing $10 million in Chirp data analytics software developed by Vancouver-based Canary Medical Inc. That investment, Canary Medical CEO Bill Hunter told BioWorld MedTech will provide real-time feedback on the performance of orthopedic medical implants.
New medical device platform takes flight: Global Health Sciences Fund invests in Canary Medical’s proprietary, “smart” implant technology designed to improve outcomes in post-surgical patients
The Canary Health Implantable Reporting Processor (CHIRP) uses innovative sensor and novel communication technology in medical devices to enable remote patient monitoring. “Smart” medical devices will self-report on everything from patient activity to recovery and even treatment failure, without the need for physician intervention or a dependence upon patient compliance.
BioScience Managers commits AUS$10M to new joint venture with Canary Medical to serve as a platform to collect and monetize data from implantable and wearable medical devices.