Owlet

BabySat, available via prescription, alerts parents when their baby's heart rate or blood oxygen saturation falls out of a prescribed range.

Video game-based therapeutic company Akili and baby tech company Owlet also post first quarter results.

CEO Kurt Workman said the company recently made two FDA submissions for baby health monitoring products.

Also: Baby tech company Owlet and diagnostics-focused Cue Health plan on submitting for regulatory clearances this year.

The baby tech company rolled out a new product called the Owlet Dream Sock Plus, which can be used on children up to age 5 or up to 55 pounds. 

This news comes after the FDA sent the company a warning letter regarding its smart socks. 

This week's top stories include baby tech company Owlet pulling its connected-sock wearables following an FDA warning letter, and TeamHealth's victory in a lawsuit accusing UnitedHealthcare of engaging in unfair reimbursement practices.

The stock took a tumble in October following the letter. 

The company is currently trading under OWLT on the New York Stock Exchange. 

Also: Dexcom promotes Jereme Sylvain to EVP and CFO; Amalgam Rx snags CMS' Jennifer Main as COO and CFO.