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Philips showcases advanced imaging solutions at RSNA 2013

December 2, 2013 8:01 am | by The Associated Press | News | Comments

At the 99th Annual Meeting of the Radiological Society of North America (RSNA) in Chicago, Royal Philips (NYSE: PHG, AEX: PHIA) continues to demonstrate its technology leadership in imaging solutions with a portfolio of integrated imaging and...

Smith & Nephew buys Brazilian wound care distribution

November 27, 2013 8:37 am | by Mass Device | News | Comments

Smith & Nephew said it acquired the Brazilian distribution of its wound care products from Politec Saúde for an undisclosed amount. The move is part of the British medical products conglomerate's move to expand its footprint in the BRIC nations...

Did patients draw the short stick in $2.5B J&J metal hip settlement?

November 27, 2013 7:29 am | by Mass Device | News | Comments

When Johnson & Johnson (NYSE:JNJ) agreed to a $2.5 billion settlement to close some 8,000 cases over its metal-on-metal hip implants, about 1/3 of that money went to the lawyers and legal teams representing the cases. Lawyers took an...

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MITA Announces Support of Medical Device Single Audit Program

November 26, 2013 10:31 am | by MITA | News | Comments

The Medical Imaging & Technology Alliance (MITA) today announced its support of the pilot program for the Medical Device Single Audit Program (MDSAP), the details of which were unveiled this week at the November 2013 IMDRF Stakeholder...

Boston Scientific Receives FDA Approval for Coronary Stent System

November 26, 2013 10:25 am | by PR Newswire | News | Comments

Continuing to advance leading drug-eluting stent (DES) technology, Boston Scientific Corporation has received U.S. Food and Drug Administration (FDA) approval for the Promus PREMIER™ Everolimus-Eluting Platinum Chromium Coronary Stent System...

Endurant II AAA Stent Graft from Medtronic Delivers Durable, Consistent, and Proven Outcomes in Real-World Setting

November 26, 2013 10:18 am | by Medtronic | News | Comments

Chosen for nearly one out of every two endovascular abdominal aortic aneurysm (AAA) repairs worldwide, the Endurant II AAA stent graft system from Medtronic, Inc. continues to demonstrate long-term durability and consistent outcomes at three...

Stryker Announces Election of New Director, Andrew K. Silvernail

November 26, 2013 8:06 am | by The Associated Press | News | Comments

Stryker Corporation announced the addition of a new member to its Board of Directors with the election of Andrew K. Silvernail as a director, effective November 26, 2013. Mr. Silvernail is Chairman and Chief Executive Officer of IDEX Corporation...

Abiomed loses IR exec to Boston Scientific | Personnel Moves

November 22, 2013 11:36 am | by Mass Device | News | Comments

Susan Vissers Lisa, the former director of investor relations at Abiomed, was named vice president of IR at Boston Scientific. Apart from her most recent role at Abiomed, Lisa's résumé includes stints at Bank of America Merrill Lynch, Cowen & Co...

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J&J to Pay $2.5B to Settle Hip Replacement Suits

November 21, 2013 1:45 pm | by John Seewer and Matthew Perrone, Associated Press | News | Comments

Johnson & Johnson said late Tuesday that it will pay $2.5 billion to settle thousands of lawsuits brought by hip replacement patients who accuse the company of selling faulty implants that led to injuries and additional surgeries. The agreement...

New Digital Health Technology to Help Cancer Patients Wins Top Innovation Prize

November 21, 2013 8:48 am | by Business Wire | News | Comments

A start-up established by medical scientists that develops mobile apps for cancer patients has taken first place in the inaugural Digital Health Masterclass Challenge hosted by Janssen Healthcare Innovation and Johnson & Johnson Innovation...

Ethicon Announces Collaboration Agreement with MEGADYNE®

November 21, 2013 8:00 am | by Business Wire | News | Comments

Ethicon Endo-Surgery, Inc. (Ethicon) Energy business, market leaders in advanced energy surgical devices, today announced that it has entered into a collaboration agreement with MEGADYNE ®, market leaders in electrosurgery. Per the terms of the...

MagneMotion Partners with Siemens Healthcare Diagnostics

November 20, 2013 6:00 am | by Business Wire | News | Comments

MagneMotion Inc., a leading provider of products and transport systems based on Linear Synchronous Motor (LSM) technology today announced a strategic partnership with Siemens Healthcare Diagnostics, a global leader in clinical diagnostics, whereby...

J&J Settlement Resolves Metal Hip Lawsuits But Weak Oversight Leaves Patients Vulnerable

November 19, 2013 6:11 pm | by The Associated Press | News | Comments

Johnson & Johnson announced today that it has reached a multi-billion dollar settlement for victims of the company's flawed all metal hip implant. The problems patients have experienced with the device demonstrate the need for stricter...

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Boston Scientific Receives FDA Clearance And CE Mark Approval For Direxion Torqueable Microcatheter

November 19, 2013 6:02 pm | by PR Newswire | News | Comments

Further bolstering its market-leading portfolio of peripheral embolization technologies, Boston Scientific Corporation has received U.S. Food and Drug Administration clearance and CE Mark approval for its Direxion Torqueable Microcatheter...

Covidien Launches Vital Sync Virtual Patient Monitoring Platform

November 19, 2013 11:31 am | by Covidien | News | Comments

Covidien, a leading global provider of healthcare products and recognized innovator in patient monitoring and respiratory care devices, today announced the launch of the Vital Sync virtual patient monitoring platform. Vital Sync VPMP is a software...

Appeals court affirms $10M Medtronic loss in catheter patent case

November 19, 2013 11:00 am | by Mass Device | News | Comments

A federal appeals court dealt a blow to Medtronic yesterday when it upheld a lower court's decision to award $10 million to the physician inventor of a patent involving catheters. The U.S. Court of Appeals for the Federal Circuit affirmed an...

Carefusion Will Pay $500M for GE Vital Signs Unit

November 19, 2013 10:26 am | by The Associated Press | News | Comments

Medical products maker CareFusion said Monday it will buy GE Healthcare's Vital Signs unit for $500 million in a deal that expands its manufacturing capacity and nearly doubles the revenue of its specialty disposable products business. CareFusion...

Unexpectedly strong ICD sales for Medtronic buoy Boston Scientific

November 19, 2013 9:59 am | by Mass Device | News | Comments

Medtronic posted stronger-than-expected U.S. sales growth for its implantable cardioverter defibrillators, buoying shares of ICD rival Boston Scientific. Medtronic's U.S. ICD sales grew 3.9% during its fiscal 2014 2nd quarter ended Oct. 25, rising...

Boston Scientific adds dystonia indication to CE Mark for Vercise DBS device

November 19, 2013 9:02 am | by Mass Device | News | Comments

Boston Scientific said it won CE Mark approval in the European Union for its Vercise deep-brain stimulation device for treating the movement disorder called dystonia. The Vercise device is already approved in the EU for treating Parkinson's...

Trial Shows Significant Delay in Atrial Fibrillation Disease Progression with Medtronic-Exclusive Pacing Features

November 18, 2013 12:09 pm | by Medtronic | News | Comments

New research shows that Medtronic Inc. pacemakers with enhanced pacing features have the ability to slow the progression of atrial fibrillation (AF) in patients with bradycardia, or a slow heartbeat. Presented as a late breaking clinical trial...

Siemens Provides Financing Solution to Support Key Healthcare Customer in the U.S.

November 18, 2013 11:42 am | by Business Wire | News | Comments

Siemens Financial Services (SFS) – the financing arm of Siemens – is providing U.S. medical imaging company Tri-State Imaging Group (Tri-State) with a five-year $50 million loan. The SFS senior debt package enables the refinancing of Tri-State’s...

Philips Honored With Prestigious Respiratory Industry Excellence Award At AARC International Respiratory Congress

November 18, 2013 9:00 am | by PR Newswire | News | Comments

Royal Philips has announced it has earned the prominent Zenith Award for a 15th time from the American Association for Respiratory Care (AARC). Philips is one of just six companies to receive the award that honors excellence in products and...

FDA Issues Stern Warning on Medtronic Devices

November 16, 2013 7:19 pm | by David Koenig - AP Business Writer | News | Comments

Federal health officials say that defects in some Medtronic devices used in heart procedures are severe enough that they could cause serious injury or death. The warning covers about 15,000 recalled guidewires, which are inserted through an artery...

Purdue, GE to Partner on Commercializing Innovations, Technologies

November 15, 2013 10:37 am | by Business Wire | News | Comments

Purdue and GE have entered into a university-industry partnership that exemplifies a new approach to expediting the academia-based technology commercialization process. “An agreement like this can be a game-changer. This tests a new model...

Brokers plead guilty to insider trading of Stryker stock

November 14, 2013 10:32 am | by Mass Device | News | Comments

A pair of brokers pleaded guilty to federal insider trading charges yesterday, admitting that they used tips from a former Stryker marketing executive to make illicit trades ahead of the medical device company's 2011 acquisition of Orthovita...

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