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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.

Philips and Georgia Regents Medical Center Sign $300 Million, 15-Year Alliance

July 12, 2013 1:43 pm | by Philips Healthcare | News | Comments

Royal Philips and Georgia Regents Medical Center have announced a 15-year alliance to enable increasingly patient-centered approaches to care and to create an innovative business model that addresses current and future clinical, operational and equipment needs of GRMC’s multiple sites.

Mitek Sports Medicine Launches Healix Advance Knotless Anchor for Rotator Cuff Repair

July 12, 2013 10:49 am | by Mitek Sports Medicine | News | Comments

Mitek Sports Medicine*, a leader in orthopaedics sports medicine and a part of the DePuy Synthes Companies of Johnson & Johnson, announced the launch of the HEALIX ADVANCE™ KNOTLESS Anchor, a new suture anchor designed to provide optimal knotless fixation for rotator cuff repair.

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Sources say Baxter's near an agreement with EU regulators in $4B Gambro merger

July 11, 2013 4:45 pm | by Mass Device | News | Comments

Healthcare giant Baxter (NYSE:BAX) may be on the verge of closing its $4 billion buyout of Swedish dialysis devices maker Gambro AB after offering to divest some of its assets in order to appease European regulators, according to anonymous sources cited by Reuters.

Zimmer hammers out a deal with SpineCraft for its Apex device

July 10, 2013 4:00 pm | by Mass Device | News | Comments

With Zimmer still reeling from a 10% slide in its spine business, the orthopedic device maker announced a deal with SpineCraft, maker of the Apex spine correction device. The long-term distribution deal allows Zimmer Spine to market Apex in the U.S., Canada, New Zealand and Australia, according to a press release.

GE Healthcare takes nuclear imaging systems off line after unit collapses and kills patient

July 10, 2013 3:55 pm | by Mass Device | News | Comments

GE Healthcare issued an urgent field safety notice on its nuclear medicine systems after part of an Infinia Hawkeye 4 system collapsed and killed a patient in a New York Veterans Administration hospital. Last month, a 66-year-old patient was crushed by the Infinia system, a gamma camera, while undergoing a procedure.

Bard Avaulta mesh case ends in mistrial

July 10, 2013 3:44 pm | by Mass Device | News | Comments

The trial of a personal injury lawsuit filed against C.R. Bard ended in mistrial today after a federal judge granted Bard's motion to dismiss, according to court documents. Judge Joseph Goodwin declared a mistrial at 2:15 p.m. today, according to the documents, during the 2nd day of the trial.

Aesculap Implant Systems Launches Quintex Cervical Plating System

July 9, 2013 2:07 pm | by Aesculap Implant Systems | News | Comments

Aesculap Implant Systems announced today the availability of the new Quintex Anterior Cervical Plating System, today’s most versatile system for use in ACDF procedures at multiple levels from C2-T1. Quintex was designed to address all plating ideologies and offers construct options ranging from fully rigid to dynamic, including the new Semidynamic™ option, unique to Aesculap Implant Systems’.

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Covidien and Nuvon Release New Interface Supporting Electronic Charting

July 9, 2013 2:00 pm | by Covidien | News | Comments

Covidien, a leading global provider of healthcare products and recognized innovator in patient monitoring and respiratory care devices, has released a new interface making the INVOS™ cerebral oximetry system compatible with the Nuvon System. The technology allows hospitals to integrate patient data with Electronic Medical Record (EMR) systems.

U.S. Disallows $2.86B in Deductions Taken by Tyco

July 8, 2013 4:23 pm | by The Associated Press | News | Comments

The U.S. tax agency has informed Tyco International Ltd. that it has disallowed roughly $2.86 billion in interest and deductions recognized by the company in its tax returns for the 1997-2000 tax years, according to a filing with the Securities and Exchange Commission.

FDA Clearance for Philips' AlluraClarity X-Ray System

July 8, 2013 11:08 am | by PRNewswire | News | Comments

In close collaboration with leading clinicians in the field of minimally-invasive medicine, Philips has been driving innovation in interventional imaging for more than 50 years, helping to guide procedures such as the catheter-based treatment of obstructed coronary arteries, brain aneurysms, heart rhythm disorders and defective heart valves.

Neusoft Medical Signed Transfer Agreement with Philips to Acquire 25% Equities in Philips-Neusoft Medical Systems Joint Venture

July 5, 2013 8:00 am | by PR Newswire | News | Comments

Neusoft has announced that Neusoft's wholly owned subsidiary, Neusoft Medical Systems Co. has signed agreements with Royal Philips Electronics and its affiliate company on the equities and assets transfer, intellectual property rights, contracted manufacturing and supply, components supply, customer service and support of Philips & Neusoft Medical Systems Co.

Medtronic prevails in bone mill antitrust suit filed by Lenox MacLaren Surgical

July 3, 2013 11:21 am | by Mass Device | News | Comments

Medtronic (NYSE:MDT) prevailed in an antitrust lawsuit filed over a bone mill made by Lenox MacLaren Surgical, with a federal judge ruling that Lenox misrepresented the size of the bone mill market and failed to adequately market its own device.

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More hospitals settle Medtronic's Kyphon Medicare fraud cases

July 2, 2013 12:58 pm | by Mass Device | News | Comments

Some 55 U.S. hospitals agreed to pay a total of $34 million to settle U.S. Justice Dept. charges that they overcharged Medicare for Medtronic's (NYSE:MDT)'s kyphoplasty spine procedure, acquired in the $3.9 billion buyout of Kyphon in 2007, the Justice Dept. said today.

Integra LifeSciences recall affects Medtronic's Infuse kits

July 2, 2013 12:53 pm | by Mass Device | News | Comments

Minnesota medical device giant Medtronic (NYSE:MDT) confirmed today that it recalled certain of its already-troubled Infuse spinal fusion surgery kits after learning of possible contamination in sponges manufactured by Integra Lifesciences.  

Covidien could be on the hook for nearly $450M in back taxes

July 2, 2013 12:23 pm | by Mass Device | News | Comments

Covidien could wind up stuck with its share of a $1.07 billion tax bill, after the IRS told its former corporate parent, Tyco International, that tax deductions it took from 1997 to 2000 will be disallowed, according to a regulatory filing.  

Thoratec Acquires DuraHeart® II Ventricular Assist System

July 1, 2013 8:30 am | by PR Newswire | News | Comments

Thoratec has acquired the DuraHeart II ventricular assist system from Terumo Corporation for an upfront cash payment of $13 million and potential future milestone payments, based on regulatory approvals and product sales, of up to $43.5 million. 

Covidien Completes Separation of Pharmaceuticals Business

July 1, 2013 7:00 am | by Business Wire | News | Comments

Covidien, a leading global provider of healthcare products, today announced it has completed the separation of its Pharmaceuticals business, which is now held by Mallinckrodt plc, a new independent company. Mallinckrodt will begin “regular way” trading on the New York Stock Exchange today under the symbol "MNK."

Boston Scientific To Acquire C.R. Bard Electrophysiology Business

June 28, 2013 8:30 am | by PR Newswire | News | Comments

In a move that would significantly boost its capabilities in the fast-growing market for advanced electrophysiology procedures, Boston Scientific has entered into a definitive agreement to acquire Bard EP, the electrophysiology business of C.R. Bard, for $275 million in cash.

Pacemaker Family Features Technology for Adapting Pacing to Respiration

June 27, 2013 4:48 pm | by Boston Scientific | News | Comments

Boston Scientific Corporation is launching a new family of pacemakers in Europe. These pacemakers monitor respiration, adjust pacing accordingly, and support insight into the patient’s overall heart failure status. Comprising of the INLIVEN cardiac resynchronization therapy pacemaker...

St. Jude Medical Launches Wireless MRI-Conditional Pacemaker in Japan

June 27, 2013 8:01 am | by Business Wire | News | Comments

St. Jude Medical, Inc. (NYSE:STJ), a global medical device company, today announced regulatory approval from the Japanese Ministry of Health, Labor and Welfare (MHLW) and launch of the Accent MRI ™ Pacemaker and the Tendril MRI ™ lead.   

Medtronic Issues Medical Device Notifications Regarding the SynchroMed® Implantable Infusion System

June 26, 2013 4:06 pm | by The Associated Press | News | Comments

In June 2013, Medtronic, Inc. (NYSE: MDT) initiated four medical device notifications to customers worldwide about the SynchroMed® Implantable Infusion System. These notifications provide clinicians with information to help identify and manage issues that impact the safe and reliable delivery of therapy using the SynchroMed Implantable Infusion System.

Effects of DBS on Motor Symptoms of Parkinson's Disease

June 25, 2013 11:49 am | by Andrew Johnson | Videos | Comments

In November 2012 and February 2013, Andrew Johnson underwent a surgical procedure, Deep Brain Stimulation surgery, to help control his motor symptoms. This video represents his experience of how DBS has helped him. He is using a device from Medtronic.

Doctors Make Progress Toward 'Artificial Pancreas'

June 24, 2013 11:20 am | by Marilynn Marchione, AP Chief Medical Writer | News | Comments

Doctors are reporting a major step toward an "artificial pancreas," a device that would constantly monitor blood sugar in people with diabetes and automatically supply insulin as needed. A key component of such a system—an insulin pump programmed to shut down if blood-sugar dips too low while people are sleeping—worked as intended in a three-month study of 247 patients.

ALRT's Internet-Based Glucose Monitoring Platform Compares Favorably with Medtronic's Continuous Glucose Monitoring System

June 24, 2013 8:18 am | by The Associated Press | News | Comments

This weekend, ALR Technologies announced at the American Diabetes Association meeting in Chicago that the A1c reduction in insulin-requiring patients with type 2 diabetes mellitus who managed their blood glucose using ALRT's Internet-Based Glucose Monitoring (IBGMS) platform, "Health-e-Connect", demonstrated comparable results to patients using Medtronic's "Guardian REAL-Time Continuous Glucose Monitoring System" (RT-CGM).

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