Check-Cap Prepares for Mass Production of X-ray Pill

CHECK-CAP-CAPSULE

Check-Cap and GE Healthcare have received a $1 million grant from the Israel-US Bi-national Industrial Research and Development Foundation (BIRD) to develop high-volume manufacturing process for the C-Scan system’s X-ray source and capsule assembly. The award of the grant is conditioned on submission of an application for CE Marking of the C-Scan system. Bill Densel, CEO of Check-Cap, said the grant aim is to develop a high volume manufacturing and distribution process of C-Scan to the US market. “We are on track to submit C-Scan for CE Marking this summer.”

Check-Cap is a clinical-stage medical diagnostics company developing the first capsule-based system for preparation-free colorectal cancer screening. Utilizing innovative ultra-low dose X-ray and wireless communication technologies, the capsule generates information on the contours of the inside of the colon as it passes naturally.  This information is used to create a 3D map of the colon, which allows physicians to look for polyps and other abnormalities.

Patients Avoid Standard Screening

Colorectal cancer is the second leading cause of cancer death in the US. According to the American Cancer Society, it caused approximately 50,000 deaths in 2017.  Despite compelling evidence that screening can detect colorectal cancer and precancerous polyps, nearly one-third of the recommended adult population has never been screened. The C-Scan system is designed to eliminate many unattractive requirements, such as bowel preparation, fasting, and sedation, and thus to improve the patient experience with screening.

Check-cap is currently traded at NASDAQ for market cap of 28$ million. During the first Six Months of 2017 the company spent $3.9 million in research and development. The move to production comes following a technical milestone: Check-Cap and GE Healthcare have successfully achieved last May: The X-ray source was produced at GE Healthcare using a customized manufacturing method and passed all  tests required to ensure compliance with C-Scan system specifications.

CEVA Reported a Staggering 20% Revenues Growth

CEVA announced last week a 20% increase in the second quarter of 2017 compared to Q2 2016. Total revenue for the second quarter of 2017 was $20.6 million, compared to $17.1 million reported for the second quarter of 2016. The licensing and related revenue were $10.4 million, an increase of 38% compared to $7.5 million reported for the same quarter a year ago. Royalty revenue for the second quarter of 2017 was $10.2 million, an increase of 6% when compared to $9.6 million reported for the second quarter of 2016.

Gideon Wertheizer, Chief Executive Officer of CEVA, stated: “Our licensing business is thriving, with key industry players committing to our IP portfolio and roadmap. On royalties, we have consistent growth in shipments of our non-baseband products, including the initial shipments of CEVA-powered vision processors in smartphones and cellular processors in base stations.”

Thirteen New Agreements

During the quarter, CEVA completed seven agreements for CEVA DSP cores, platforms and software, five for CEVA connectivity IPs and one portfolio license agreement. Eleven of the licensing agreements signed during the quarter were for non-handset baseband applications and one for a handset baseband application. Four agreements were with first-time customers. Target markets include smartphones, automotive ADAS, drones, surveillance cameras, wearables, industrial IoT and a variety of Bluetooth and Wi-Fi connected consumer and medical products. Geographically, six of the deals signed were in China, three were in the U.S., one was in Europe and three were in the APAC region.

ceva q2 2017

The company’s Q2 net income increased 44% to $3.9 million, compared to $2.7 million for the same period in 2016. Yaniv Arieli, Chief Financial Officer of CEVA, said that CEVA has signed a multi-year portfolio agreement with a major customer, and reached a cash balance totaling $170 million, with no debt. CEVA from Herzliya, Israel provides licenses of signal processing IP for  vision, audio, communications and connectivity systems. The company is traded in NASDAQ. Its market value is approximately $925 million.

Renesas R-Car Starter Kit Adopted by Linux Foundation

Renesas R-Car Starter Kit

By: Hila Lifshitz

Renesas Electronics Corporation announced that its R-Car Starter Kit will be adopted by Automotive Grade Linux (AGL) as one of its standard reference platforms for software development. AGL,  a Project at The Linux Foundation, is a collaborative open source project that is bringing together automakers, suppliers and technology companies to build a Linux-based, open software platform for automotive applications. AGL aims  to build a single platform for the entire industry that’s 70-80% of the starting point for a production project and to develop an ecosystem of developers, suppliers, expertise all using a single platform.

Standard Reference Platform

Dan Cauchy, Executive Director of Automotive Grade Linux in The Linux Foundation said that Renesas is active supporter of open source and understands the impact of Automotive Grade Linux across the industry. “By adopting the Renesas R-Car Starter Kit as one of our standard reference platforms, developers will be able to quickly and easily develop applications using the AGL Unified Code Base.”

The R-Car Starter Kit supports the Unified Code Base (UCB) 3.0, which the AGL project released in January 2017. The R-Car Starter Kit enables the up-to-date 64-bit software development environment, which unlike the earlier 32-bit environment, allows the latest IT solutions, including container technology,  to be applied to automotive applications.

Ecosystem of 190 companies

Software developers can easily maintain IVI software development with the latest software development environment platform. This platform and board access, along with the support provided by the free-of charge Renesas libraries and the R-Car ecosystem that consists of over 190 companies, allows software developers to quickly develop IVI application software and reduce costs.

Masahiro Suzuki, Head of Automotive Information Solution Business Division in Renesas Electronics said that R-Car Starter Kit has been adopted as one of the standard reference platforms by the AGL project. “Software developers will now have access to both R-Car Starter Kit hardware and AGL Unified Code Base, which allows them to put all their efforts into developing even higher level specialized software. Renesas hopes to contribute to increasing the pace of innovation of new IVI developments across the industry.”

Two additional IVI development expansion boards from a Renesas partner that can be used with the R-Car Starter Kit will be available from July 2017 . The standard expansion board includes multiple displays and a wide range of network interfaces and the advanced model provide interfaces that can be expanded to up to eight channels of camera input as well as high-speed/large-capacity storage.