The Radiology Rundown - July 24
Billy Williams
Group Business Manager | Metric Bio | Radiology & HealthTech AI | Exec Search
Welcome to your monthly rundown of Radiology news and updates. July has been yet another incredibly busy month in the world of radiology and medical imaging, so be sure to read on for the headlines.
EU AI Act Published
One of the biggest stories in Europe in July was the ‘EU AI Act' being published. This landmark regulation will impact all Radiology AI companies in their development, impacting everything from regulatory compliance to ethical considerations. This act comes into force on August 1st 2024, with provisions gradually following over the next 3 years.
July's FDA Approvals
On the topic of regulatory compliance, there have been several FDA approvals/clearances announced in July:
Subtle Medical received approval for their AI-powered synthetic imaging software – ‘SubtleSYNTH’.
Hyperfine | AI-Powered Portable MRI announced clearance for their 9th general AI-powered ‘Swoop’ MRI system.
Milvue announced FDA clearance for their ‘Smartchest’ chest X-Ray solution.
Funding Updates
It’s been a great month for Subtle Medical as they announced $30m Series B funding to accelerate their global expansion and the launch of new AI-products.
deepc also raised a $13m Series A extension, taking their total funding to $30m.
The general feeling around investment in Radiology and MedTech as a whole, is the best I've seen in several years.
We're not looking at 2021 levels just yet, but steps in the right direction for sure.
Partnerships & Acquisitions
It’s also been a busy few weeks for partnerships and acquisitions.
Flywheel.io announced their partnership with Mint Medical , combining their platforms to enhance data management and analysis across more sites and trials.
Annalise.ai confirmed a partnership with Raya Diagnostics , with them becoming the first teleradiology provider in the DACH region to integrate their solution.
Just last week GLEAMER announced their partnership with 西门子医疗 , now offering their ‘Boneview’ AI solution as part of the 西门子 Digital Marketplace.
And it wouldn’t be an update on collaborations, if deepc hadn’t added another AI partner to their ‘deepcOS’ platform. This time that partner was Paris based PAIRE in the nuclear medicine space.
Roles of the Month
The recruitment market in Radiology and Medical Imaging is also the busiest it’s been for a long while, some of the positions I’m currently hiring for:
Meet your Metric Bio Partner
I'm Billy, I've recruited to the global Radiology & Medical Imaging market since 2017, partnering with some of the worlds most renowned OEM’s and the hottest upcoming start-ups.
If you’re looking for your next role in medical imaging or are looking to hire leading talent in the radiology world then reach out and let’s connect today.
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