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Philips discontinues certain CPAP products after recalls; Globus Medical lays off workers
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Welcome to the MassDevice Fast Five medtech news podcast, the show that keeps you up-to-date on the latest breakthroughs in medical technology. Here’s what you need to know for today, January 30, 2024. Check out the show notes for links to the stories we discussed today at MassDevice.com/podcast. RenovoRX closed a $6.1 million private placement. Fast Five hosts Sean Whooley and Danielle Kirsh discuss what RenovoRX is developing and how it wants to spend the funds. Vicarious Surgical has picked a former Olympus executive as president. Find out who is taking on this role and some of their career history. ReWalk Robotics rebranded to 'Lifeward' as its portfolio continues to expand. Whooley shares the reason behind the rebrand and what executives are thinking. Globus Medical is laying off 157 employees at the former NuVasive headquarters. Hear more about the reason behind the layoffs and which departments are affected. Philips has discontinued certain CPAP product lines after the ongoing recall saga. The Fast Five hosts talk about the consent decree and how the company came to this decision. BONUS: Read the top IVD and diabetes stories of 2023.
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