ImpediMed, Mayo Clinic ink dev deal

Australian medtech developer ImpediMed said last week it inked a 3-year joint development deal with the Mayo Clinic. ImpediMed develops and distributes medical devices which use bioimpedance spectroscopy to provide non-invasive monitoring of fluid status in patients. ImpediMed said it will work with the Mayo Clinic to develop new body composition and fluid status monitoring tech for additional disease indications for its bioimpedance spectroscopy technology. “There are multiple clinical areas where fluid management is critical. We welcome the opportunity to work with Mayo Clinic, which is known globally as a leader in technology-driven healthcare improvements. Our goal is to uncover new solutions to increase the quality of life for patients. In order to achieve this, we must develop solutions that are both clinically relevant and cost efficient,” CEO Rick Carreon said in a press release. Through the deal, both groups will jointly develop new product solutions for patients with chronic diseases, while also focusing on improving the quality, outcomes and costs of patient care, ImpediMed said. “We are pleased to continue to build our relationship with ImpediMed. By working together we hope to continue to improve care and reduce costs, across additional episodes of care,” Mayo Clinic Ventures vice chair Andy Danielsen said in prepared remarks. In March, ImpediMed said it closed a $56.6 million (AUD $75.1 million) private placement financing round. Funds...
Source: Mass Device - Category: Medical Equipment Authors: Tags: Diagnostics Research & Development ImpediMed Mayo Clinic Source Type: news