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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...

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...

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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...

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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...

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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...

Mindray settles unspecified Beckman Coulter beef for $15M

November 13, 2013 2:29 pm | by Mass Device | News | Comments

China's Mindray Medical announced today that it took a $15 million "litigation charge" to settle an unspecified "commercial dispute" with Beckman Coulter Inc. Mindray said little other than that the dispute was unrelated to any intellectual property...

AHF: J&J’s $4 Billion Hip Lawsuit Settlement Shows Pharma’s Immense Wealth—and Greed

November 13, 2013 11:14 am | by Business Wire | News | Comments

As news of Johnson & Johnson’s plan to announce a $4 billion settlement to resolve over 7,500 federal and state lawsuits involving recalled J&J hip implant products spilled out earlier today via a Bloomberg news article, officials from...

Meeting Notice: December 11, 2013 Circulatory System Devices Panel of the Medical Devices Advisory Committee Meeting Announcement

November 12, 2013 12:00 am | by U.S. Food & Drug Administration | News | Comments

On December 11, 2013, the committee will discuss, make recommendations, and vote on information related to the premarket approval application regarding the Boston Scientific WATCHMAN Left Atrial Appendage (LAA) Closure Technology. The WATCHMAN...

Boston Scientific leads $20M financing round for Sensible Medical

November 11, 2013 3:48 pm | by Mass Device | News | Comments

Sensible Medical raised $20 million in its latest financing round, with investment led by Boston Scientific. Lowell, Mass.-based Boston Scientific is also working on launch for Sensible Medical's flagship product, a non-invasive thoracic fluid status...

Boston Scientific Completes Acquisition of Bard Electrophysiology

November 1, 2013 12:07 pm | by PR Newswire | News | Comments

Boston Scientific Corporation closed on its previously announced agreement to acquire Bard EP, the electrophysiology (EP) business of C.R. Bard, Inc. The completion of this transaction advances Boston Scientific's ability to more comprehensively...

Medtronic Renal Denervation Device Offers Significant Drops in Blood Pressure After Treatment

October 31, 2013 2:39 pm | by Medtronic | News | Comments

Medtronic, Inc. presented three-year data from SYMPLICITY HTN-2, the first and longest-running randomized, controlled clinical trial of renal denervation, which continue to demonstrate results consistent with data reported previously at six, 12...

Gore begins $857M Bard payback with $36M royalty payment

October 31, 2013 1:58 pm | by Mass Device | News | Comments

W.L. Gore & Associates began paying out the $857.4 million it owes C.R. Bard for infringing a stent graft patent with a $35.7 million royalty check, according to court documents. Gore could still be on the hook for another $206.5 million, according...

C.R. Bard shifts jobs to upstate N.Y.

October 30, 2013 12:01 pm | by Mass Device | News | Comments

C.R. Bard began adding jobs in its Queensbury, N.Y., facility, adding 30-40 positions after 2 rounds of layoffs last year. The Murray Hill, N.J.-based firm shifted product lines it acquired to the upstate New York plant, vice president & treasurer...

Medtronic claims a win in European patent row with Edwards Lifesciences

October 30, 2013 10:58 am | by Mass Device | News | Comments

Medtronic is claiming a win in Europe in its patent row with Edwards Lifesciences over their competing transcatheter aortic valve implants. The European Patent Office issued a preliminary, non-binding ruling that the Edwards patent at the center of a...

Medtronic CoreValve U.S. Pivotal Trial Results Reveal Positive Outcomes for Patients

October 29, 2013 2:25 pm | by Medtronic | News | Comments

Medtronic, Inc. today announced the highly anticipated results from the CoreValve U.S. Pivotal Trial, the first U.S. data presented on the Medtronic CoreValve® System. The study of the novel self-expanding device, presented at a late-breaking...

Data: Significant and Sustained Blood Pressure Reduction with Boston Scientific’s Renal Denervation System

October 29, 2013 11:37 am | by PR Newswire | News | Comments

Patients treated with the Boston Scientific Vessix Renal Denervation System experienced a significant and sustained reduction in blood pressure, according to new data presented today at the Transcatheter Cardiovascular Therapeutics (TCT)...

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