Medical Device Business

1180 Medical Device Business Articles
Posted in Medical Device Business by amanda.pedersen on August 17, 2017
Mylan finalized a $465 million DOJ settlement in an effort to put its EpiPen drama in the rearview mirror.Amanda PedersenMylan CEO Heather Bresch said the company's finalized settlement brings closure for Mylan and its stakeholders. The $465 million settlement agreement that Mylan reached with ... Continue
Posted in Medical Device Business by MarieThibault on August 17, 2017
Globus Medical has secured 510(k) clearance for its Excelsius GPS robotic guidance and navigation system, intended for use in orthopedic surgery and neurosurgery.Marie ThibaultAnother robotic surgery system is here.Globus Medical announced that FDA has cleared its Excelsius GPS robotic guidance and ... Continue
Posted in Medical Device Business by amanda.pedersen on August 16, 2017
The company wants to study hysterectomy patients to show a revamped version of its power morcellator is safe and effective. But is the proposed study good enough?Amanda Pedersen  Olympus plans to study a containment device designed to prevent undetected cancer cells from spreading during g... Continue
Posted in Medical Device Business by Daphne.Allen on August 14, 2017
Partnership includes "peanut-free" games with in-park messaging.Daphne Allen AUVI-Q (epinephrine injection, USP), a past Medical Design Excellence Award winner, has just been named the “Official Epinephrine Auto-Injector (EAI) of Minor League Baseball.” The distinction is the result of... Continue
Posted in Medical Device Business by amanda.pedersen on August 11, 2017
After FDA alerted physicians that several patients have died soon after having an intragastric balloon placed in their stomach for obesity treatment, Apollo Endosurgery said its Orbera actually has a "very low mortality rate" of 0.01%.Amanda PedersenApollo Endosurgery said its Orbera balloon, a... Continue
Posted in Medical Device Business by Jamie Hartford on August 11, 2017
Need money to get your medtech startup off the ground? Consider pitching one of these venture capital firms, which gave the most funding to medical device and diagnostics companies from 2010 through early 2017.No matter how great your idea for a novel medical device is, it won't get very far without... Continue
Posted in Medical Device Business by amanda.pedersen on August 8, 2017
The company is closing its distribution center in Joliet, IL, which will put 185 people out of a job.Staff Report Medtronic said it will lay off 185 people as it closes a distribution center in Joliet, IL. The company plans to close the facility by December in order to leverage other U.S.-based... Continue
Posted in Medical Device Business by amanda.pedersen on August 7, 2017
While the strategic rationale behind Fresenius Medical Care's $2 billion bid for NxStage Medical is clear, the timing of the deal is vague.Amanda Pedersen As Fresenius Medical Care kicked off a conference call Monday to discuss the company's plans to buy NxStage Medical for $2 billion in c... Continue
Posted in Medical Device Business by amanda.pedersen on August 4, 2017
The company's CEO recently told analysts that he wants to diversify the business through M&A to avoid "the Kodak movement."Amanda Pedersen Masimo Corp. CEO Joe Kiani is looking at a well-known camera company for a lesson on what not to do. "We want to create diversification for Masimo.... Continue
Posted in Medical Device Business by MarieThibault on August 4, 2017
These 10 medical device companies pulled down the biggest venture capital investments during the second quarter of 2017.Marie ThibaultDuring the second quarter of 2017, the medical devices and equipment subsector of the U.S. healthcare market drew the second-highest amount of funding dollars. Accord... Continue
Posted in Medical Device Business by amanda.pedersen on August 4, 2017
A federal jury awarded Philips $10.4 million in damages from Zoll Medical Corp. in a patent infringement case but also ordered Philips to pay $3.3 million for its own infringement.Staff Report The expression "you win some, you lose some," seems like an apt description of a jury verdict in ... Continue
Posted in Medical Device Business by amanda.pedersen on August 3, 2017
The bill, which has been largely viewed as a positive for the industry, now moves to the White House to be signed into law.Amanda Pedersen AdvaMed is one step away from being able to check off its second highest priority as an advocate for the medical device industry. The Senate passed legislat... Continue
Posted in Medical Device Business by amanda.pedersen on August 1, 2017
Invitae Corp. wants a piece of the prenatal screening pie, and the company just struck two deals to make that happen. Invitae Corp. wants to be a comprehensive provider of genetic information through every stage of life — and the San Francisco, CA-based company just landed two deals aimed at ... Continue
Posted in Medical Device Business by Jamie Hartford on July 28, 2017
Wall Street analysts were shocked by news of the impending departures of two high-profile executives amid a restructuring effort. NuVasive surprised Wall Street analysts Thursday with word that two C-suite executives will leave the company as it embarks on a corporate reorganization.Hours befor... Continue
Posted in Medical Device Business by MarieThibault on July 28, 2017
There have been millions of recalled units for various medtech products so far this year. Here are the 10 recalls that impacted the most medtech product units in the United States.Marie ThibaultWe reviewed FDA's medical device recall database to find the largest device recalls initiated th... Continue
Posted in Medical Device Business by amanda.pedersen on July 27, 2017
Zimmer Biomet has thrown in all the bad stuff at once, except for the kitchen sink. Will this commonly-used business strategy work to focus attention on the company's turnaround prospects?Amanda Pedersen Zimmer Biomet seems to be employing a common business tactic known as "kitchen sinking" its... Continue
Posted in Medical Device Business by amanda.pedersen on July 27, 2017
A Qmed analysis of the largest medtech companies’ most recent proxy statements filed with the SEC revealed that many CEOs in the industry saw a bump in pay last year. Many of them also received more than $5 million in total compensation, and several made more than $10 million. Want to know which C... Continue
Posted in Medical Device Business by amanda.pedersen on July 26, 2017
There’s no doubt the company has plenty of cash to burn, so one analyst asked CEO Joe Almeida what it takes for him to pull the trigger on M&A.Baxter CEO Joe Almeida answered questions during the company's Q2 earnings call about M&A strategy. Baxter International expects to generate f... Continue
Posted in Medical Device Business by amanda.pedersen on July 25, 2017
GE reported a rather dim financial quarter overall, but the company’s healthcare segment produced plenty of sparks, powered by new product launches in mammography and CT, as well as strong growth of orders for healthcare systems.  GE’s overall sales during the second quarter slipped 11... Continue
Posted in Medical Device Business by amanda.pedersen on July 21, 2017
If the company’s better-than-expected second-quarter numbers are any indication, the surgical robot king isn’t sweating too much over Medtronic, Verb, and others trying to overthrow its market position.Amanda Pedersen If the company’s better-than-expected second-quarter numbers are any in... Continue