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POSTED ON 10-04-2023

The Latest in Medical News: April 10, 2023


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NIHR spends £11 million on dementia detection and diagnosis.


The NIHR has committed about £11 million in funding to the creation of innovative digital methods for early dementia diagnosis and detection. Also, the funds will aid in identifying those who are most at risk of contracting the illness, which affects almost 1 million people in the UK.


The NIHR's Invention for Innovation grant program (i4i), which financed six projects from interdisciplinary research groups to assess innovative approaches to the problem, released a funding request for dementia-specific research that provided financing for the new research.


Research to identify the earliest indications of dementia utilizing a wide array of cutting-edge tests, such as those for spatial awareness, picture recognition, hearing, and sleep disorders, is one of the funded projects.


Insulet to enter S&P 500 following Silicon Valley Bank's removal


Starting on Wednesday, the American manufacturer of tubeless insulin pumps Insulet will replace SVB Financial Group in the S&P 500. SVB is the parent company of Silicon Valley Bank, which was shut down and placed under receivership by authorities on Friday.



Insulet, situated in Acton, Massachusetts, has a market value of $20.86 billion. In early Monday trade, the company's shares increased 7%, or $19.67, to $300.03. For the last five days, the shares have increased by more than 3%.



Icahn's proxy fight results in a 17% increase in Illumina shares.


The San Diego-based DNA-sequencing company's stock increased by almost 17% on Monday after activist investor Carl Icahn announced his intention to nominate three board members who can "extricate" the business from a battle with authorities over its 2021 acquisition of liquid biopsy firm Grail in a letter to the company's shareholders.


Icahn said that Illumina's market capitalization has lost $50 billion as a result of its "reckless" decision to ignore regulators' recommendations and not finish the Grail purchase till August 2021.


MedTech Europe applauds the European Commission's proposal on MDR and IVDR.


The acceptance of the European Commission's proposal to change the transitional clauses of the EU Medical Devices Regulation (MDR) and the In Vitro Diagnostic Medical Devices Regulation has been praised by MedTech Europe (IVDR).


The change would lessen the immediate danger that after May 2024, all medical devices that are now on the EU market will no longer be accessible.


"The revision of the Medical Devices Regulations' transitory provisions is a crucial step forward to assist guarantee that more medical devices stay accessible to patients and healthcare systems throughout Europe," stated Oliver Bisazza, CEO of MedTech Europe.


Olympus accepts a $370 million gastrointestinal stent acquisition


Olympus has agreed to pay $255.5 million upfront for the right to purchase the Korean company Taewoong Medical, which makes gastrointestinal metallic stents.

The agreement, which may result in milestone payments of up to $114.5 million, will help Olympus achieve its goals of expanding its product line and entering the gastrointestinal sector.


Sales of metallic stents for the treatment of the biliary system, oesophagus, colon, and duodenum brought in 6.79 billion JPY ($50 million) for Taewoong in 2021.


Medicare to extend CGM coverage to more people with Type 2 diabetes


A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients.

The policy move was a "pleasant surprise" because it arrived with broader wording and was also sooner than anticipated. It may quadruple the market for gadgets. In a research report, J.P. Morgan analyst Robbie Marcus wrote.

Abbott Laboratories and Dexcom had anticipated coverage to begin in the middle of the year.


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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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A revised policy released by the Centers for Medicare and Medicaid Services states that starting in April, Medicare will pay for continuous glucose monitors for a larger range of patients......

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