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The Israeli developer of a belt-like device that monitors the health of both a pregnant woman and her fetus has merged with a U.S. firm to create a new combined company.
Nuvo (opens in a new tab)’s FDA-cleared device INVU is worn around the belly of the expectant mother and uses central and acoustic sensors to measure fetal movements, fetal heart rate and maternal heart rate.
The Tel Aviv-based company has merged with California-headquartered LAMF Global Ventures (opens in a new tab), and the new entity will retain the Nuvo name and existing operational and management structure. It will also be publicly traded on the NASDAQ Stock Market as NUVO, beginning May 2.
Nuvo CEO Rice Powell will become the head of the combined company,
Nuvo Cares CTO Amit Reches is a Technion alumnus.