Medical Device Industry News

  • China to Cut Regulatory Red Tape for Medtech Firms

    China has agreed to cut some of the bureaucracy that delays sales of medical devices and medicines made in the United States, the U.S. commerce secretary announced.Following bilateral trade talks between the two nations, Commerce Secretary Penny Pritzker told reporters that the Chinese government had agreed to reduce regulations blocking use of innovative medical devices and pharmaceuticals, according to a report by Reuters.

  • FDA Mulls Using Drones

    Updated December 19, 2014Drones are now widely used by the military. And both Amazon and Google and experimental programs to use drones to deliver packages. In the medical sector, drones have been envisioned as a means to carry emergency medical devices such as defibrillators.

  • Stents Show Promise in Stroke Patients

    Covidien’s Solitaire revascularization device was employed in the MR CLEAN trial to treat stroke patients.

  • AliveCor Targets Consumers with Latest Smartphone ECG

    Mobile health pioneer AliveCor has debuted its third-generation heart monitor, which is now available for $74.99. That price point is a considerably lower than that of the $199 price tag of earlier versions of the ECG technology, which could broaden adoption among consumers. A recent PwC survey found that a minority of consumers would be willing to pay more than $100 for a wearable health-monitoring device.

  • Philips to Acquire Volcano for $1.2 Billion

    Royal Philips NV (PHG) plans to buy medical-imaging company Volcano Corp. (VOL) for $1.2 billion, in one of Philips’ largest acquisitions in years, according to a Bloomberg report.

  • Chinese CEO Accused of Industrial Espionage in Germany

    There are classic cases of computer hacking into medtech companies's databases or employees stealing trade secrets. And then there is what apparently happened in Germany, where three Chinese citizens including a CEO have been arrested after planning to sneak into the facilities of Fresenius Medical Care and B. Braun. They managed to gain access to a production facility at the latter company.

  • Medtech Mergers that Mattered in 2014

    Just when you thought they couldn’t get more widespread or expensive, the medical device mergers-and-acquisitions of 2014 continue to astound.Allergan (Irvine, CA), which has fought off a hostile takeover attempt by Valeant Pharmaceuticals International for the past eight months, has agreed to a $66 billion takeover by Dublin, Ireland, pharmaceutical firm Actavis.

  • Smart Thermometer Maker Nabs $10 Million

    Kinsa, a New York City–based maker of an FDA-cleared smart thermometer has won $9.6 million in Series A financing, which includes funding from Kleiner Perkins and others.

  • FDA Upbeat about Medical Device Approval Times

    Bill Maisel, director of science at the FDA’s Center for Devices and Radiological Health, holds CRM devices. Earlier this week the science chief of the U.S.

  • A Medtech Superstar Is Born

    Elizabeth Holmes, CEO of Theranos, has received a flurry of media attention lately.