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Philips, Indiegogo team up on $100,000 healthcare innovation contest

July 15, 2013 10:59 am | by Mass Device | News | Comments

Philips Healthcare (NYSE:PHG) and Indiegogo teamed up to offer $100,000 in prize money, to be doled out to winners of the Innovation Fellows Competition. The cash will be doled out to 5 startup companies, with the grand prize winner walking home with $60,000.

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Knee Cartilage Repair Technique Shows Improvement in Regeneration

July 15, 2013 10:38 am | by Hospital for Special Surgery | News | Comments

A natural tissue graft can spur regeneration of cartilage and improve symptoms in patients who have cartilage damage in their knee, according to a study by researchers from Hospital for Special Surgery. The new research, the first case-series evaluation of De Novo NT Natural Tissue Graft, will be presented at the annual meeting of the American Orthopaedic Society for Sports Medicine.

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Stentys' new CE Mark indications expand its potential PCI footprint

July 15, 2013 10:29 am | by Mass Device | News | Comments

Regulators in Europe handed Stentys SA (EPA:STNT) expanded indications for its self-apposing stent, opening up new potential patient populations. The Stentys treatment for acute myocardial infarction can now be used in patients with trickier cases, such as those with tapered, dilated or very large vessels or those with bypass grafts.

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Affordable Care Act Could Cause People to Leave Their Jobs

July 15, 2013 9:59 am | by Columbia University's Mailman School of Public Health | News | Comments

As a consequence of the Affordable Care Act, between 500,000 and 900,000 Americans may choose to stop working. That possibility is predicted in a new analysis of an analogous situation in reverse: the abrupt end of Tennessee's Medicaid expansion in 2005.

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Medtronic's insulin pump recall gets FDA's highest-risk label

July 15, 2013 9:59 am | by Mass Device | News | Comments

The FDA put its highest-risk label, Class I, on a recall of Medtronic's (NYSE:MDT) Paradigm insulin infusion pumps, which the medtech giant had warned about earlier this year. Medtronic Canada said last month that it received 2 reports on its Paradigm and Polyfin infusion devices, concerning the over- and under-delivery of insulin therapy.

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Ex-Pacer Invents Device to Prevent Knee Injuries

July 15, 2013 9:53 am | by Anthony Schoettle, Indianapolis Business Journal | News | Comments

Sitting in his car outside the home of billionaire Indiana Pacers co-owner Mel Simon, Jonathan Bender was thinking about the difference between "getting paid" and "developing a process to make money." In April, Bender launched a company based on an odd-looking device he invented to help others avoid the knee troubles that put an end to his promising NBA career.

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Welch Allyn Introduces Two Connectivity-Ready Electrocardiograph Devices in the United States

July 15, 2013 9:00 am | by Business Wire | News | Comments

Welch Allyn, a leading medical diagnostic device company that specializes in helping clinicians improve patient outcomes, today announced the availability of two connectivity-ready electrocardiograph devices in the United States. The Welch Allyn CP 150™ offers flexible report formatting, intuitive design and functionality.

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Abbott to Enter Laser Cataract Surgery Market through Acquisition of OptiMedica

July 15, 2013 8:30 am | by PR Newswire | News | Comments

Abbott has announced it has entered into an agreement to purchase OptiMedica Corporation, a privately held, Silicon Valley-based ophthalmic device company. The acquisition will enable Abbott to expand its vision care business into the femtosecond laser-assisted cataract surgery market.

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Abbott to Acquire IDEV Technologies to Expand Global Peripheral Technology Portfolio

July 15, 2013 8:30 am | by PR Newswire | News | Comments

Abbott today announced that it has entered into an agreement to purchase IDEV Technologies, a privately held company focused on developing next-generation medical devices for use by interventional radiologists, vascular surgeons and cardiologists. Under the terms of the agreement, Abbott will acquire all outstanding equity of IDEV Technologies for $310 million net of cash and debt.

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Titan Spine Expands Intellectual Property with Four New Patents for Interbody Fusion Platform

July 15, 2013 8:02 am | by Business Wire | News | Comments

Titan Spine, a medical device surface technology company focused on developing innovative spinal interbody fusion implants, announced today that it has been awarded four new patents in 2013 from the U.S. Patent and Trademark Office. These patents relate to Titan’s unique implant surface technology, as well as the design of its Endoskeleton ® interbody device and specialized system instrumentation.

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VeriTeQ’s Patented and FDA Cleared Technology Can Help Medical Device Manufacturers Comply with FDA Proposed Rule for Unique Device Identification – Direct Mark Requirement

July 15, 2013 8:00 am | by Business Wire | News | Comments

Digital Angel Corporation has announced that the patented VeriTeQ “Q Inside” radio frequency identification (“RFID”) microchip, cleared by the U.S. Food and Drug Administration (“FDA”), can help implantable medical device manufacturers comply with the FDA’s Proposed Rule for Unique Device Identification (“UDI”) – Direct Mark requirement.

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Feds charge Michigan doc with ordering unnecessary surgeries, killing patient

July 15, 2013 7:59 am | by Mass Device | News | Comments

The Federal Bureau of Investigation snagged $4 million in settlements with two clinics and a Michigan cardiologist accused of performing unnecessary cardiac surgeries. Federal investigators accused Dr. Jashu Patel and his Jackson Cardiology Associates practice as well as Allegiance Health of subjecting patients "to invasive and potentially harmful procedures" that led to at least one patient's death.

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House confirms plans to vote on ACA individual insurance delay

July 15, 2013 7:29 am | by Mass Device | News | Comments

House Speaker John Boehner confirmed rumors that the House of Representatives will vote this week on a proposal to delay the Affordable Care Act's individual insurance mandate. Republicans are pushing for a delay of the mandate, arguing that it's unfair for the Obama administration to give businesses some breathing room for the employer-based insurance without affording the same break to citizens.

Manufacturing Tool Builds 3D Heart Tissue

July 15, 2013 12:00 am | by Massachusetts Institute of Technology | News | Comments

By adapting a programmable device used to manufacture integrated circuits, researchers have devised a semi-automated process to build polymer scaffolds for guiding the development of three-dimensional heart tissue. The method, which entails layer-by-layer fabrication, will enable more precise investigation of the three-dimensional cues that drive cells to organize and form tissue...

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Given Imaging's PillCam COLON Cleared in Japan, World's Second Largest Healthcare Market

July 14, 2013 10:45 pm | by GlobeNewswire | News | Comments

Given Imaging Ltd, a world leader in gastrointestinal medical devices and pioneer of capsule endoscopy, has announced that PillCam® COLON has been cleared by Japan's Pharmaceuticals & Medical Devices Agency for diagnosis of colonic disease when colonoscopy is required but difficult to conduct, including patients unwilling or unable to undergo colonoscopy.

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