US technology company Keysight Technologies has taken a strategic stake worth $15.28 million in medical imaging company EMVision. In a statement on Thursday, EMVision said the investment represented a significant milestone, and would accelerate commercialisation of the portable brain scanner emu, its first product. Keysight will be issued 7,454,231 new ordinary shares at $2.05 per…
Cochlear upgrades profit outlook on strong implant sales Hearing implant manufacturer Cochlear has upgraded earnings guidance following better than expected growth in revenue from bionic ear implant sales. The company told investors underlying net profit for FY24 was now expected to be between $385-400 million, a 26 to 31 percent increase on FY23. The upgrade…
CSIRO has invited start-ups and SMEs working in digital health and medical technologies to apply for its upcoming Innovate to Grow program, which is held online, runs for ten weeks, and is free to successful applicants.. According to a statement from the organisation on Monday, the program is designed to assist companies operating in critical…
Today we publish the first of many profiles to run as part of @AuManufacturing’s Australia’s 50 most innovative manufacturers campaign. Brent Balinski speaks to EMVision CEO Scott Kirkland about a homegrown answer to the second-biggest killer in the world. With about a quarter of all people worldwide having suffered a stroke, it’s a super-prevalent, potentially…
Medical imaging manufacturer EMVision Medical Devices is further developing its innovative portable brain scanner. The company’s first generation scanner, which uses microwave imaging techniques to detect strokes at the point of care, is undergoing clinical testing. Now the Brisbane company has assembled an advanced 28-antenna prototype of its 2nd generation ultra-light weight helmet scanner (pictured)…
BlueScope’s weak US sales hit profit Steelmaker BlueScope has cut expectations for 1H VY24 EBIT to be in the range of $620 to $670 million, down from previous guidance of $700 to $770 million. The main driver of the change is the company’s US North Star operation, which is now expected to be half the…
Brain imaging technology company EMVision Medical Devices has announced promising clinical trial results from a patient study of its haemorrhagic stroke detection algorithm. The algorithm, dubbed ‘blood or not’, is a critical part of the microwave imaging system the company is developing under a grant from the Australian Stroke Alliance, to be fitted to point…
Infection control and dental manufacturer Dentalife has tripled in size over three years and is using collaboration as the catalyst to scaleup even further. Here Brett Henderson profiles the company, and how collaboration in business works. Dentalife is a 25-year-old family business under second generation management that manufactures infection control products and dental materials in…
Melbourne-headquartered medical technology developer and manufacturer Neo-Bionica has announced the appointment of US-based Uli Gommel (pictured) as its new Chief Technology Officer. According to a statement from the company on Tuesday, Gommel will spearhead its mission to revolutionise the delivery to market of novel neuro-technologies and smart medtech devices. Neo-Bionica was established in 2021 –…
Carbon fibre nanotube X-ray equipment manufacturer Micro-X has sold $1.5 million worth of its Rover Mobile units to the federal government. Micro-X will supply the machines, which add to a growing list of sales for the Rover, from existing inventory following final modification work. The Adelaide company did not say what use the government would…
