The medical industry is rapidly advancing, with inventions that are transforming how healthcare services are being administered. There are also innovations, such as such Clockspot, online time clock providers at https://www.clockspot.com/, which have improved efficiency in the management of healthcare facilities.
Some innovative companies like Weiss-Aug make prototypes and parts for medical devices and work round-the-clock to revolutionize the medical industry through ground-breaking inventions. In this article, we outline five companies that have remained at the forefront when it comes to medical advancements.
- Foundation Medicine
Foundation Medicine is best known for FoundationOne, which is a genomic test that analyzes the DNA mutations in tumors. If you’re a doctor, this product can help you match specific medications to specific types of cancer. Likewise, it can help you direct patients to clinical trials that are in progress for experimental treatments.
This genome test can also assist pharmaceutical companies in developing more effective therapies. In 2014, Foundation Medicine, in conjunction with Third Rock Ventures and Google Ventures, raised about $106 in an IPO.
- Beijing Genomics Institute (BGI)
If you’re a scientist looking to participate in ambitious projects to unearth the mysteries of human, animal, and plant DNA, Beijing Genomic Institutes should be your go-to place. Based in Shenzhen China, BGI is known for creating DNA sequencing mass-market. In fact, there’s no institution that has invested in advanced genome-sequencing hardware and trained more analysts than BGI.
It’s one of the world’s most productive sequencer of human genomes. It’s known to apply innovative technology to significantly lower the cost of sequencing complete genomes. To put this into perspective, it managed to reduce the cost of genome sequencing from $3 billion in 2003 to just thousands of dollars in today.
In 2013, Beijing Genomics Institute acquired Complete Genomics for 118 million dollars. The company is based in California and is a frontrunner in the manufacture of genome–sequencing machines. This acquisition gave BGI more firepower.
- IceCure Medical
IceCure Medical is the company behind IceSense3, a device that is effective in destroying breast tumors. The US doctors have been using IceSense3 since 2011 to get rid of benign breast lumps.
The lump removal involves a 10-minute ultrasound-guided procedure, which penetrates the tumor and surrounds it with ice. This system is also being tested on small malignant breast tumors.
The good thing about IceSense3 treatment is that it can be done in the doctor’s office after which you can get up and go home. You don’t need any post-care or time to recover.
- NanoPass Technologies
NanoPass Technologies is the company behind Micronjet. Micronjet is an innovative, single-use needle for painless administration of vaccines, and uses semiconductor technology. It has been proven to deliver better immune response with less vaccine.
This efficiency is attributed to the fact that it doesn’t go beyond the skin level. The US Center for Disease Control (CDC) is using this product in a massive trial of polio vaccines for children in Southeast Asia.
- Setpoint Medical
Setpoint Medical is best known for its built-in pain-relief platform. Its technology encompasses a minute implant in the neck’s vagus nerve,located via a vascular ultrasound. When activated, the implant helps alleviate the inflammatory reflex, through a pathway discovered by one of the company’s founders.
Inflammatory Reflex is the physiological response that regulates inflammation. Inflammation is responsible for various chronic diseases like:
- Multiple Sclerosis
The medical industry has grown in leaps and bounds over the years, thanks to rapid medical advancements. This is just an overview of some companies that have greatly contributed to the advancements in the industry.