GE Healthymagination Fund Joins Leading Investor OrbiMed in $20 Million Series B Financing Round for Ornim, Inc.
GE (NYSE: GE), together with OrbiMed Israel and Ornim, Inc., announced a $20 million investment in Ornim, Inc., a developer of the CerOx™ monitor that non-invasively monitors blood flow and oxygen saturation in brain and muscle tissue. OrbiMed is a leading investment firm dedicated to building world-class biopharmaceutical and medical technology companies. The investment in Ornim, Inc., is being made through OrbiMed Israel Partners Limited Partnership, OrbiMed's investment fund in Israel, which focuses on Israeli life science investments. GE’s investment is being made through the GE healthymagination Fund, an equity fund that makes investments in highly promising healthcare technology companies and is jointly managed by GE Capital and GE Healthcare, GE’s financial services and healthcare divisions, respectively. In addition to their financial investment, Ornim and GE Healthcare will be exploring development of potential strategic relationship as part of a broader collaboration.
GE Healthcare Recognized by Industrial Designers Society of America for Design Excellence
GE Healthcare (NYSE: GE) announced that it has been recognized by the Industrial Designers Society of America (IDSA) with three International Design Excellence Awards (IDEA) for Medical and Scientific Products. The IDEA program is a celebration of design excellence in products, sustainability, interaction design, packaging, strategy, research, and concepts. GE Healthcare received three IDEA awards, one for its latest Interventional X-ray system, the Discovery IGS 730, and two concepts related to Mammography & MR.
GE ultrasound equipment give equestrian stars another shot at gold
Organizers of the London 2012 Olympic and Paralympic Games have ensured that even the equine athletes receive excellent care. A purpose-built veterinary clinic in Greenwich has been kitted out with innovative equipment to treat horses from competing nations. The challenging cross-country phase at Greenwich Park for example, saw 15 riders fall during the Olympic eventing competition. While the injuries sustained in a cross country accident can be career ending, access to the very latest imaging technology can help vets facilitate a swift and accurate diagnosis and a more positive outcome. The clinic is equipped with the GE Ultrasound machine – the GELOGIQ e VET (for musculoskeletal and abdominal scanning). This machine was commissioned to help meet the need for pre-set equipment supported by BCF Technology.
GE Healthcare Announces First Orders for Revolutionary New Hybrid OR System
GE Healthcare (NYSE: GE) announced it has already received six orders for its Discovery IGS 730 since receiving FDA clearance in February 2012. Discovery IGS 730, is a revolutionary new laser guided system that has been designed to capture the advantages of both floor- and ceiling-mounted systems, without the limitations of either. The Discovery IGS 730 uses the same digital flat-panel detector technology as proven GE Innova interventional imaging systems. However, instead of being fixed in position, the imaging device is on mobile gantry that moves along user defined pathways, guided by laser. At the touch of a button, clinicians can move the system to the table for imaging various anatomies, and then move it aside and park it, allowing room to position physicians, nurses, technologists, anesthesiologists and other personnel optimally for surgery, with unobstructed access to the patient.