United InnoMed targets Hong Kong for heart device trials after new funding
Shanghai-based medical device start-up United InnoMed plans to collaborate with medical institutions in Hong Kong on clinical studies with the aim of commercialising an
artificial intelligence -driven device for treating and managing patients with heart failure.
Advertisement
Targeting chronic heart failure patients, the device would be a 'two-in-one' instrument serving both therapeutic and diagnostic functions, according to founder and CEO Wang Li. The firm hopes to cut the risks and costs of implanting two separate devices for such cases under most existing situations, he added.
'Many Chinese heart failure patients are willing to have a therapeutic device implanted, but most would be [opposed] to having another device lodged for real-time monitoring,' he said in an interview last week. 'Our two-in-one concept is similar to smartphones. Before they were developed, we needed a camera, a phone and a laptop to do what can be done in one device today.'
So far, only two implantable monitoring devices have been approved by the US Food and Drug Administration for monitoring pulmonary pressure daily from home, he added.
CEO Wang Li previously collaborated with Grantham Hospital in Wong Chuk Hang on medical research while working for Medtronic. Photo: Xiaomei Chen
Hong Kong could be one of the trial sites as part of the firm's international development effort, Wang said.
Advertisement
'Coming to Hong Kong to collaborate with hospitals on clinical studies for our products would be an obvious choice,' he said. 'My previous experience working with clinicians in Hong Kong was excellent, I was impressed with the data quality and high work standards.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
an hour ago
- South China Morning Post
Tech war: Huawei founder Ren says state-of-the-art chip performance can be achieved
Ren Zhengfei, the founder of Chinese technology giant Huawei Technologies , said the company's Ascend chips are still lagging behind those from the US 'by a generation', but state-of-the-art performance can still be achieved by using other tactics. Advertisement In a front page interview published on Tuesday with People's Daily, the mouthpiece of the Communist Party, Ren said by using methods like 'stacking and clustering, the computing results are comparable' to the most advanced programmes in the world. Huawei has patented some techniques to package chiplets on top of each other to make processors smaller. It was the first time that Ren spoke about the effects of US sanctions since the launch of ChatGPT in 2022. His comments echoed a view that Washington has failed to arrest China's technological advances, particularly in the field of artificial intelligence (AI). People visit Huawei's Ascend AI booth during the World Artificial Intelligence Conference in Shanghai on July 4, 2024. Photo: AP He said China has many advantages in developing AI, including 'hundreds of millions of young people' in addition to 'sufficient electricity and a developed information network'. 'China's power generation and power grid transmission are very good, and the communication network is the most developed in the world,' Ren said. 'In terms of software, there will be hundreds of open source software [programmes] in the future to meet the needs of the entire society,' he said. Advertisement The interview was published at a time when Washington is ramping up its restrictions on China and Huawei Technologies is in the eye of the storm. In May, the US Department of Commerce published new guidance saying the use of Ascend chips 'anywhere in the world' could be interpreted as a violation of American export controls.
RTHK
2 hours ago
- RTHK
US stocks end mostly up as markets eye trade talks
US stocks end mostly up as markets eye trade talks US stocks barely moved, with the Dow down 0.15 percent, the S&P 500 up 0.08 percent, and the Nasdaq up 0.30 percent. File photo: AFP Wall Street stocks edged higher on Monday as US and Chinese representatives held high-stakes trade talks and markets looked ahead to key economic data. Trade representatives for the world's two biggest economies plan a second day of talks on Tuesday following an opening round on Monday. Although there were no breakthroughs, the market has welcomed the negotiations. "There's hopes that they're inching closer to some sort of a deal," said Peter Cardillo of Spartan Capital Securities. The Dow Jones Industrial Average finished flat at 42,761. The broad-based S&P 500 climbed 0.1 percent to 6,005, while the tech-rich Nasdaq Composite Index added 0.3 percent at 19,591. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are leading the US delegation, while China's team included Commerce Minister Wang Wentao and China International Trade Representative Li Chenggang. Among individual companies, Apple fell 1.2 percent after company executives emphasised its artificial intelligence efforts at the tech giant's annual developers conference, including allowing app makers to directly access a device's AI capabilities. Apple has lagged some rivals in introducing AI-advancing updates to its Siri voice assistant and other programs. Warner Brothers Discovery finished down 3 percent after unveiling a plan to split itself into two companies to better position for the streaming era. The entertainment giant will break itself into two publicly traded companies: one covering "Streaming & Studios" and the other "Global Networks." The shift, designed to enable each venture to "maximize its potential," is expected to be completed by mid-2026, the company said. This week's agenda includes releases on consumer and producer prices, and key benchmarks on inflation. (AFP)
RTHK
4 hours ago
- RTHK
US stocks end mostly up as markets eye trade talks
US stocks end mostly up as markets eye trade talks US stocks barely moved, with the Dow down 0.15 percent, the S&P 500 up 0.08 percent, and the Nasdaq up 0.30 percent. File photo: AFP Wall Street stocks edged higher on Monday as US and Chinese representatives held high-stakes trade talks and markets looked ahead to key economic data. Trade representatives for the world's two biggest economies plan a second day of talks on Tuesday following an opening round on Monday. Although there were no breakthroughs, the market has welcomed the negotiations. "There's hopes that they're inching closer to some sort of a deal," said Peter Cardillo of Spartan Capital Securities. The Dow Jones Industrial Average finished flat at 42,761. The broad-based S&P 500 climbed 0.1 percent to 6,005, while the tech-rich Nasdaq Composite Index added 0.3 percent at 19,591. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are leading the US delegation, while China's team included Commerce Minister Wang Wentao and China International Trade Representative Li Chenggang. Among individual companies, Apple fell 1.2 percent after company executives emphasised its artificial intelligence efforts at the tech giant's annual developers conference, including allowing app makers to directly access a device's AI capabilities. Apple has lagged some rivals in introducing AI-advancing updates to its Siri voice assistant and other programs. Warner Brothers Discovery finished down 3 percent after unveiling a plan to split itself into two companies to better position for the streaming era. The entertainment giant will break itself into two publicly traded companies: one covering "Streaming & Studios" and the other "Global Networks." The shift, designed to enable each venture to "maximize its potential," is expected to be completed by mid-2026, the company said. This week's agenda includes releases on consumer and producer prices, and key benchmarks on inflation. (AFP)
