Health News Roundup: Record budget for Gates Foundation as wider global health funding stalls; Artificial heart maker Carmat misses 2023 revenue target

Following is a summary of current health news briefs.

Artificial heart maker Carmat misses 2023 revenue target

French artificial heart maker Carmat reported full year revenue of 2.8 million euros ($3 million), missing its target after supply issues disrupted the company's production ramp-up, sending its shares down 6%. The company had warned in September that it would miss a target of full-year sales of between 10 million and 13 million euros after it reported first-half revenue of only 600,000 euros.

Record budget for Gates Foundation as wider global health funding stalls

The Bill & Melinda Gates Foundation plans to spend more this year than ever before -- $8.6 billion -- as wider health funding for the lowest income countries stutters after the COVID-19 pandemic. The 2024 budget agreed by the foundation's board is up 4% on last year and $2 billion more than in 2021.

(With inputs from agencies.)