MedCity News January 10, 2024
From its heady unicorn days to being newly public to its current financial struggles, the portable ultrasound-on-a-chip company has seen it all. Now, its latest CEO has his work cut out for him. A return to revenue growth is what Joseph DeVivo is promising this year.
Back in the day, Butterfly Network, the maker of the handheld ultrasound device Butterfly IQ, was hailed for its vision to disrupt the world of expensive ultrasound and democratize medical imaging. Whole-body ultrasound powered by semiconductor chips and performed at the point of care as envisioned by the company was going to revolutionize everything from the annual physical to urgent care interactions and even how hospitals conducted ultrasounds.
On the back of this vision,...
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