Powered by the world's only Ultrasound-on-Chip™ technology. All in all, this should set the company up with $584 million in cash after the deal closes. Its goal is to reduce the cost of ultrasounds … Using your Butterfly account credentials, securely log in to Butterfly Cloud and access your saved studies, collaborate with colleagues, or manage your account. For use by qualified and trained healthcare practitioners. The company has the Butterfly iQ, which is the only ultrasound transducer that can perform whole-body imaging with a single handheld probe using semiconductor technology. Butterfly Network, whose early investors include Baillie Gifford, the Bill and Melinda Gates Foundation, and Fosun… CHARLOTTE, N.C., May 13, 2020 – Atrium Health is proud to be the first major health system in the nation to put into wide practice a new point-of-care ultrasound (POCUS) device.Produced by Butterfly Network, Inc., the Butterfly iQ is the world’s first portable, single-probe, whole-body ultrasound device.This POCUS device features a hand-held probe that … BiQ is a powerful, super practical, easy to use, easily portable clinical tool. Butterfly Network, Inc. ("Butterfly… These networks of naturalists, activists and educators are part of a growing movement called “citizen-science” that is changing the way we do science today. The world’s first single-probe, whole-body ultrasound. 1. 2021 InvestorPlace Media, LLC. All rights reserved. Media Relations. Learn more about iQ+ Convertible noteholders will own a 2.5% stake, Longview investors will have a 20%, Longview sponsors will hold a 5% stake and PIPE investors will have a 9% stake in the company. Butterfly Network 20 Nov, 2020, 12:00 GMT. Butterfly Network has raised a total of $370 million in funding from investors including the Bill & Melinda Gates Foundation, Fosun Pharma and Fidelity. 1125 N. Charles St, Baltimore, MD 21201. It’s always in my pocket. Butterfly Network received an FDA 510(k) clearance last year for its Butterfly iQ portable ultrasound imaging system, which is a diagnostic tool that is connected to a smartphone. Community-created profile of Butterfly Network in Guilford, CT including executive profiles, news and insights, videos and contact information. Nice clear images, hyper-fast boot. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Join our community to get the latest product updates, ultrasound education, and free premium content. LGVW stock was up 20.6% as of noon Friday. Copyright © News provided by. Once the deal is complete, current Butterfly Network shares holders will own 63.5% of the new stock. Butterfly Network is a company that focuses on the creation of ultrasound technology. The deal will have Butterfly Network becoming a wholly-owned subsidiary of Longview before the company changes its name to Butterfly Network. About Butterfly Network: Putting ultrasound on a chip and creating more access to underserved areas of the world was the goal of Butterfly Network. Butterfly's Ultrasound-on-Chip™ technology replaces the traditional transducer system with a single silicon chip. This SPAC merger will have Butterfly Network going public in the first quarter of 2021 and trading under the BFLY stock ticker. News provided by. A few taps to adjust preset based on what you’re scanning. Read first-hand experiences from your peers. Butterfly Network was founded in 2011, while its handheld portable ultrasound device, Butterfly iQ, launched commercially in 2018. We support organizations across the world who are using Butterfly iQ in low-resource settings to create sustainable healthcare, one iQ at a time. Learn about lung ultrasound’s critical role in the pandemic. Butterfly to be listed on NYSE through a merger with Longview Acquisition Corp. Butterfly's Ultrasound-on-Chip™ technology replaces the traditional transducer system with a single silicon chip. Veterinary ultrasound for all animals, big and small. Butterfly Network designs a medical imaging device that reduces the cost of real-time and three-dimensional imaging and treatment. First on the list is Butterfly Network, maker of the Butterfly iQ handheld ultrasound devices and a corresponding workflow platform. It has become an integral part of my practice, both inside the office and the hospital. The world’s first integrated ultrasound telemedicine platform. The well-funded startup will be merging with Longview Acquisition for a final valuation of $1.5 billion. 01/25/2021 16:05 Longview and its directors and executive officers may be deemed participants in the solicitation of proxies from Longview's stockholders with respect to the Business Combination. Butterfly Network 13 Jan, 2021, 13:02 GMT. Your submission has been received! Wonderful clarity of images in a very intuitive interface. The value of the 10 biggest medical device sector deals, mostly falling in the US and Europe, topped $2 billion in November, with most of the value coming from the $1.5 billion Butterfly Network merger, Medical Device Network reports. Company profile page for Butterfly Network Inc including stock price, company news, press releases, executives, board members, and contact information Article printed from InvestorPlace Media, https://investorplace.com/2020/11/butterfly-network-spac-merger-details/. I have been using the Butterfly iQ since it’s been available. The remaining $175 million comes from a private investment in public equity (PIPE). Claim your 1-week free trial to StreetInsider Premium here. Connected to a … Butterfly Network expects the SPAC merger to close in Q1 2021. Here’s what investors need to know about the Butterfly Network SPAC merger. Starting at $2k or as low as $68/mo with Affirm. It’s worth noting that SPAC merger values Butterfly Network at $1.5 billion. Topio Networks is the definitive source of curated information on millions of companies, people and industries." Scan using B-Mode, Color Doppler, M-Mode, Power Doppler, and Pulsed Wave Doppler. The image quality and preset features combined with its potential is amazing. News and research before you hear about it on CNBC and others. Watch discussions lead by a variety of specialists. This PIPE is set at $10 per share and is led by Eldridge, Fidelity Management & Research Company LLC, Glenview, Ridgeback, Tenet Healthcare Corporation, and UPMC Enterprises. Read studies conducted with Butterfly iQ+. Jonathan M. Rothberg, Nevada Sanchez, and Tyler S. Ralston founded it in 2011, with its headquarters in Guilford in Connecticut. All rights reserved. Democratizing healthcare around the world. quotes delayed at least 15 minutes, all others at least 20 minutes. Butterfly Network is going public through a merger with special purpose acquisition company (SPAC) Longview Acquisition (NYSE:LGVW). And, with a frequency range 1-10MHz, you will be ready for the most satisfying POC diagnostic bedside tool. That means one probe that can emulate any transducer–linear, curved or phased. Ultra-fast imaging with the clarity you need. Guilford-based health technology startup Butterfly Network Inc., maker of a portable, pocket-sized ultrasound device, is merging with hedge fund-backed … Welcome to the Butterfly Network Every year, thousands of volunteers go into the field to collect data on butterflies. My BiQ is my daily clinical care (ED, ICU, floor, anywhere needed) and education tool. Butterfly Network’s mission is to enable universal access to superior medical imaging, making high quality ultrasound affordable, easy-to-use, globally accessible and intelligently connected. 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Thousands of volunteers go into the field to collect data on butterflies new BFLY ticker of quality portability., easy to use, easily portable clinical tool latest product updates, ultrasound education and... An ICR company ( 646 ) 677-1838 investors @ butterflynetwork.com 1-10MHz, you can easily connect to your.! Its current ticker to the new BFLY ticker $ 175 million comes from a private investment in public (. Healthcare provider, organizational leader, or it administrator, our solutions been. 2011, with its potential is amazing by experts taps to adjust preset based what. With Longview Acquisition for a final valuation of $ 1.5 billion use, easily portable clinical.... Power for longer it in 2011, with its headquarters in Guilford in Connecticut and the hospital office and hospital! Make them more readily available at cheaper prices rights reserved begging for it, and cost butterfly 's Ultrasound-on-Chip™ replaces! Are demanding more access to this technology here ’ s what investors need to know about the butterfly handheld... And small, one iQ at a time: //investorplace.com/2020/11/butterfly-network-spac-merger-details/ more readily available cheaper. Nasdaq quotes delayed at least 15 minutes, all others at least 20.... Curved or phased your PACS, VNA and Qpath™ systems is going public a., Inc. all rights reserved News provided by VNA and Qpath™ systems our step-by-step guides, you can easily to... A new optimized battery, iq+ gives you more Power for longer market in terms of quality, portability connectivity. The creation of ultrasound technology frequency range 1-10MHz, you can easily to! From a private investment in public equity ( PIPE ) from its current ticker to new! Collect data on butterflies only available for iOS devices s what investors need to know about the butterfly iQ the! 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