FDA Approves GE, Volcano Product
General Electric's (GE) health care unit and the ultrasound company Volcano (VOLC) said Thursday that they received Food and Drug Administration clearance to use a new technique in GE's Innova line of medical-imaging systems.
GE shares edged higher, and Volcano shares rose nearly 2% on the news.
The decision allows GE Healthcare to integrate Volcano's intravascular ultrasound imaging capabilities with its Innova all-digital X-ray catheterization lab imaging system. The system is designed to give doctors a clearer view of certain heart functions than had previously been possible.
The new product, Innova IVUS, will also be smaller, lighter and less noisy than traditional platforms. It should shorten procedure times, improve the identification of artery diseases and assist in procedures including stent placement and assessment."This technological development heralds a new beginning for advanced, real-time imaging in the cardiac catheterization laboratory," Laura King, global vice president and general manager of GE Healthcare's interventional, cardiology and surgery unit, said in a statement. Separately, GE Healthcare Financial Services and Capital Senior Living (CSU) formed a new joint venture that has completed a $38.2 million acquisition of three senior housing communities in the metropolitan Indianapolis area.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV