Markets

Cochlear shares are diving despite a jump in profit

Bionic ear maker Cochlear reported a 10% rise in net profit of $245.8 million. Cochlear implant units were up 8% to 35,260. 2019 net profit guidance of $265 million to $275 million, an 8% to 12% increase. Shares in Cochlear fell despite a 10% rise in full year net profit […]
Cochlear shares are diving despite a jump in profit
Tech

Australian Parkinson’s disease researcher Global Kinetics just scored $7.75 million in venture capital

A $7.75 million investment by Brandon Capital is part of $45 million in capital raised by Melbourne’s Global Kinetics Corporation. Global Kinetics’ wrist-worn device, KinetiGraph, measures the symptoms of Parkinson’s. This enables doctors to more finely tune treatment. Venture capital firm Brandon Capital today announced a $7.75 million investment into […]
Australian Parkinson’s disease researcher Global Kinetics just scored $7.75 million in venture capital
News

DIGITAL HEALTH BRIEFING: Blood test could be used to detect 8 types of cancers — FDA aims to attract cutting-edge medtech to the US — Sharp Healthcare partners with Apple’s CareKit

Welcome to Digital Health Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by BI Intelligence. Sign up and receive Digital Health Briefing free to your inbox. Have feedback? We’d like to hear from you. Write me […]
DIGITAL HEALTH BRIEFING: Blood test could be used to detect 8 types of cancers  —  FDA aims to attract cutting-edge medtech to the US  —  Sharp Healthcare partners with Apple’s CareKit
Markets

Cochlear shares are on a tear

Shares in Cochlear jumped after the bionic ear company announced an 18% rise in full year profit to $223.6 million. A short time ago, the shares were 7% higher at $152.80. Sales revenue was up by 7% to $1.24 billion. Cochlear declared a fully franked final dividend of $1.40 a […]
Cochlear shares are on a tear
Markets

Cochlear is switching to artificial intelligence for its implants

Australia’s pioneering bionic ear company, Cochlear, plans to use artificial intelligence to more accurately calibrate its devices. Cochlear today announced an exclusive licensing and development agreement with Otoconsult for its artificial intelligence fitting assistant FOX (Fitting to Outcomes eXpert). The company says the technology is expected to enable a faster […]
Cochlear is switching to artificial intelligence for its implants
Markets

Shares in medical cannabis company Creso Pharma are soaring

Creso Pharma shares jumped when the medical cannabis company debuted on the ASX. The shares are up by a quarter since listing on Thursday at 25 cents. A short time ago, they were at 31.5 cents. The company joined fellow medical marijuana companies, MGC Pharmaceuticals and Zelda Therapeutics, on the […]
Shares in medical cannabis company Creso Pharma are soaring
Markets

Sleep device company ResMed shares are falling with profits

ResMed posted a 3% fall in net income to $US88.458 million ($A115 million) for the third quarter as the medical equipment maker expands. A short time ago, its shares were down 4.6% to $7.51. Revenue increased 7% to $US453.9 million ($A594 million) in the three month to March. “We continue […]
Sleep device company ResMed shares are falling with profits