Imaging firm cutting one-third of workforce; US Radiology Specialists' partnership, plus more vendor news

Imaging vendor Biodex Medical Systems is laying off one-third of its employees, according to a recent filing with its home state.

The Shirley, New York-based company—which makes radiology products including MRI stretchers and ultrasound tables—plans to begin cutting staff on Aug. 6. Layoffs will take place over a two-week period, touching 41 of Biodex’s 127 employees, Newsday reported June 4.

Back in September, Mirion Technologies Inc. acquired the New York firm for an undisclosed amount. Biodex also provides radiation detection tools, nuclear medicine dose calibrators and patient shielding products. Company officials did not respond to Newsday’s requests for comment.

Butterfly building new offices

Butterfly Network is building corporate offices in Burlington, Massachusetts, the publicly traded ultrasound maker announced on Monday.

The new headquarters will include capacity for 275 employees allowing room to expand even further. Butterfly leaders said the center will serve as its flagship space for fostering growth and innovation. Construction is slated to wrap-up in the first quarter of 2022.

Hyperfine names new CEO

Hyperfine Inc., creators of what it says is the world’s first portable MRI machine, named industry veteran Dave Scott as its new president and CEO on Tuesday.

His more than 25-year career includes stints with startups and Fortune 500 firms in industries such as surgical robotics, medical imaging and diagnostics. Prior to joining Guilford, Connecticut-based Hyperfine, Scott led research and development teams with Apple’s confidential Special Projects Group. He also filled the role of chief operating officer and EVP at Verb Surgical, a Google-Johnson & Johnson joint venture.

“I have no doubt that his visionary way of thinking and doing will help us achieve our giant vision for the future of Hyperfine,” Founder Jonathan Rothberg, PhD, said in a statement.

U.S. Radiology Specialists inks deal

Growing private equity-backed U.S. Radiology Specialists is expanding its partnership with software vendor Royal Health, the two announced June 3.

The Raleigh, North Carolina-based imaging firm and its referrers plan to utilize Royal’s suite of patient self-service solutions. The deployment will cover touchpoints including scheduling, registration, and accessing imaging results.

Private practice Charlotte Radiology formed USRS in 2018 alongside New York-based investment group Welsh, Carson, Anderson & Stowe. The group operates more than 145 outpatient imaging centers across 14 states, conducting 6 million studies annually.

LA company raises $12.8M

ImaginAb Inc. recently raised $12.8 million in new financing, the Los Angeles-based biotechnology company announced June 3.

Led by Adage Capital and the Cycad Group, ImaginAb will use the funds to fuel development of its PET imaging agent. Clinical trials are ongoing at more than 20 hospitals in North America, Europe and Australia.

The immuno-PET agent binds to the CD8 receptor on human T cells and is used for quantitative, noninvasive imaging to help diagnose the immune status of a patient.

Rapid fire

Here are a few more vendor-related news items of note, in rapid fashion:

  • In other funding news, Latin American telemammography network Mamotest recently raised $1.6 million.
  • Royal Philips and precision radiation firm Elekta have signed a deal to deepen their strategic partnership, the two said Monday.
  • Bayer has entered into an agreement to acquire Noria Therapeutics and PSMA Therapeutics.
  • Sectra and technology firm iCad Inc. have signed a worldwide distribution deal, with the Swedish cybersecurity and imaging IT firm distributing iCad’s AI solutions via its marketplace.
  • And finally, the U.S. Food and Drug Administration recently cleared Avicenna.AI’s solutions for triaging deadly vascular conditions.

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