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Endo Health to deal HealthTronics for up to $130M

January 16, 2014 11:29 am | by Mass Device | News | Comments

Endo Health Solutions said it's selling its HealthTronics urology business to Altaris Capital Partners for up to $130 million, including milestones. Altaris, a private equity shop based in New York, will put down $85 million right away, with...

Covidien Completes Sale of Confluent Surgical to Integra LifeSciences

January 16, 2014 11:26 am | by Business Wire | News | Comments

Covidien plc today announced that it has completed the sale of its Confluent Surgical product line to Integra LifeSciences Corporation for approximately $235 million in cash. In addition, Covidien may receive up to an additional $30 million...

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Jury says Medtronic owes Edwards about $390M

January 16, 2014 11:24 am | by The Associated Press | News | Comments

A federal jury ruled Wednesday that medical device maker Medtronic infringed on a patent held by Edwards Lifesciences and ordered Medtronic to pay its competitor about $390 million in damages. Edwards said it will seek a permanent injunction...

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Johnson & Johnson’s Ortho-Clinical Diagnostics Acquired for $4.15 Billion

January 16, 2014 11:23 am | by Business Wire | News | Comments

Global alternative asset manager The Carlyle Group has agreed to acquire Johnson & Johnson’s Ortho-Clinical Diagnostics (OCD) business, a global provider of solutions for screening, diagnosing, monitoring and confirming diseases, for...

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Device Reduces Sleep Apnea Episodes by 70%

January 16, 2014 11:18 am | by UPMC/University of Pittsburgh Schools of the Health Sciences | News | Comments

Implantation of a sleep apnea device called Inspire Upper Airway Stimulation (UAS) therapy can lead to significant improvements for patients with obstructive sleep apnea (OSA), according to a study published today in the New England Journal...

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Photos of the Day: Sleeping Soundly

January 16, 2014 11:17 am | by UPMC/University of Pittsburgh Schools of the Health Sciences | News | Comments

The Inspire UAS therapy device is designed to sense breathing patterns and deliver mild stimulation to a patient’s airway muscles to keep the airway open during sleep. Patients used a “controller” to turn on the device at night, so it is...

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AqueSys, Inc. Successfully Closes $43.6M Series D Round

January 16, 2014 8:00 am | by The Associated Press | News | Comments

AqueSys, Inc., a medical device company that develops, manufactures, and internationally markets the XEN Gel Stent technology for treating glaucoma, today announced that it has secured $43.6 million in Series D financing. The round was led...

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Doc convicted of perjury in Orthofix investigation

January 16, 2014 7:30 am | by Mass Device | News | Comments

Virginia podiatrist Ilene Terrell was convicted today of lying in a federal probe of Orthofix International and its bone-growth stimulators. Terrell copped to 4 counts of making a false declaration to a grand jury, according to the office...

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Google gets in hot water over targeted healthcare ads

January 16, 2014 7:29 am | by Mass Device | News | Comments

Internet and technology giant Google agreed to overhaul its healthcare-related advertising practices after Canadian regulators accused the company of violating privacy laws by using search histories to target users with healthcare-related...

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Option ELITE Retrievable Vena Cava Filter Receives FDA Clearance for an Over-The-Wire Delivery Technique

January 16, 2014 7:22 am | by PR Newswire | News | Comments

Argon Medical Devices, Inc. announced today that the company has received clearance from the US Food and Drug Administration to begin marketing the Option™ELITE retrievable inferior vena cava (IVC) filter with a new over-the-wire delivery...

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FDA dings Philips on InnerCool RTx component recall

January 15, 2014 5:09 pm | by Mass Device | News | Comments

The FDA dinged Philips for tardiness in its notification of the recall of a component for its InnerCool RTx body temperature control device in a warning letter sent last month. Philips issued a recall in January 2012 of the main control board for the...

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Integra LifeSciences Completes Acquisition of DuraSeal Product Lines From Covidien

January 15, 2014 2:45 pm | by GlobeNewswire | News | Comments

Integra LifeSciences Holdings Corporation today announced that it has completed the acquisition of DuraSeal product lines from Covidien. Now, together with our DuraGen family of grafts, Integra offers surgeons the largest portfolio of dural repair...

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Rep. Charlie Dent's jobs bill would repeal medtech tax

January 15, 2014 2:35 pm | by Mass Device | News | Comments

Rep. Charlie Dent (R-Pa.) is taking another swing at the medical device tax, including a repeal measure in a jobs bill that he plans to introduce this week. Dent's legislation would strike the medtech levy alongside measures to restore emergency...

Tech for Faster Diagnosis, Cures

January 15, 2014 2:13 pm | by Lindsay Hock, Managing Editor, R&D Magazine | Articles | Comments

In January 2013, an assoc. prof of biomedical engineering at Columbia Univ., Samuel K. Sia, developed a lab-on-a-chip technology that not only checks a patient’s HIV status with just a finger prick, it also synchronizes the results automatically...

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Developing Medical Devices at a ‘Sprint’ Pace

January 15, 2014 2:04 pm | by Eric Sugalski, Founder and CEO, Boston Device Development | Boston Device Development | Blogs | Comments

In 2014, the medical device industry will see increasing interest in “agile development,” a process of iteration that has become a mainstay in software development. Rather than following the standard waterfall process, teams will rely on...

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