FDA Plans New Medical-Device Approval Processes

Thomas M. Burton
WASHINGTON—The Food and Drug Administration plans new medical-device approval processes to speed products’ entry to the U.S. market, mirroring the desires of industry and President Donald Trump to clear barriers to new business. FDA commissioner Scott Gottlieb, who has long espoused speedier steps to promote innovation, in an interview called for “progressive,” or stepped, approvals of certain devices that would allow them to go to market with initial approvals, with further evidence to assess performance coming later. That would entail more risk to patients initially than current procedures where clinical trials or other evidence come before market launch. (more…)   

The Blockchain Revolution Has Made its Way to Healthcare

Bernard Marr
The blockchain revolution has made its way to the healthcare industry, and it’s only the beginning of what’s possible. Healthcare Rallies for Blockchain, a study from IBM, found that 16% of surveyed healthcare executives had solid plans to implement a commercial blockchain solution this year, while 56% expected to by 2020. Healthcare companies, tech innovators and the rest of the healthcare industry are grappling with what’s possible now and what blockchain could solve in the future.
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eSight Visit: iGan Analyst tests virtual reality glasses on family member with Stargardt Disease

Anand Ganeshalingam
It was a cold bright day in November, and the clocks were striking ten. A crowd was bustling through Toronto’s union station, and my uncle, standing next to me, counted the chimes quietly on his fingers. He has Stargardt Disease and can’t see the clock across the room, so he counts the chimes to tell the time. We were on our way to meet with eSight eye-wear, located conveniently close to union station, at Front and University.
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Why Immigrants Make Great Entrepreneurs

 

The Unseen Perils of Crowdfunding for Investors

Louise Lee
Letting small investors buy shares in startups sounds like a great way for budding companies to raise cash. But it could be dangerous for the people putting up the money. In a paper published in the journal Business Horizons, Melissa S. Baucus, formerly of the University of Otago in New Zealand, and Cheryl R. Mitteness of Northeastern University say it’s easy for swindlers to circumvent safeguards in the Jumpstart Our Business Startups Act, the 2012 federal law allowing startups to raise up to $1 million annually from retail investors.
“There’s too much opportunity” for Ponzi schemes and other shady projects, says Dr. Baucus, now at Texas State University.
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Quandl is investors’ secret weapon to beating the market

Claire Brownell
Hedge funds are willing to pay handsomely for Quandl’s alternative data because it helps them achieve alpha, or market-beating returns, that are harder and harder to come by as information becomes easier to find and analyze. (more…)  

Thomson Reuters pledges $100-million to growing Toronto technology hub

James Bradshaw
“Thomson Reuters Corp. plans to invest $100-million (U.S.) to help build a permanent home for its growing Toronto technology hub. The news and information company has snapped up naming rights and all of the commercial office space in a major redevelopment of the former Southam Press Building. Sitting at the corner of Duncan Street and Adelaide Street West, the original brick structure with a history steeped in journalism was built in 1908.”
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As the world rushes to protect data, Toronto emerges as a cybersecurity hub

Marjo Johne
“In dozens of sports arenas across the United States, athletes unlock doors to secured areas with a biometric app on their mobile phones that recognizes their fingerprints, faces, eyes or voices. The technology is part of a made-in-Canada product by BioConnect, a Toronto startup whose core offering is an intelligent platform that translates data from different biometric products into a single language.”
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The Unseen Perils of Crowdfunding for Investors

Louise Lee
“Letting small investors buy shares in startups sounds like a great way for budding companies to raise cash. But it could be dangerous for the people putting up the money. … … “There’s too much opportunity” for Ponzi schemes and other shady projects, says Dr. Baucus, now at Texas State University. ”
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Why Immigrants Make Great Entrepreneurs

Adrian Furnham
“Outsiders face a tough struggle fitting into a new culture. They must figure out how to deal with, and overcome, frustration, loneliness and a steep learning curve. And that’s why immigrants make such great entrepreneurs—they’re once again outsiders facing many of the same kinds of obstacles. Been there, done that.”
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