Medical Device Industry News

  • Guess Which Minnesota Company Is Selling Its Medical Business

    Patterson Cos. executives plan to focus on the company's core dental and animal health businesses. Chris Newmarker Patterson Cos. (Mendota Heights, MN) said Wednesday that it will sell its medical business for $750 million to Chicago-based private equity firm Madison Dearborn Partners. The deal is expected to close within months, pending regulatory requirements and other customary closing conditions.

  • Medtech and Pharma Firms Paid $6.5B to Docs in 2014

    Last year marked the first full year in which CMS tracked payments from industry to doctors.  Brian BuntzDomestic pharmaceutical and medical device companies paid physicians $6.49 billion last year, based on data gathered through the Sunshine Act, a provision of the Affordable Care Act. In all, more than 600,000 physicians and 1100 teach hospitals received payments from drug and device makers.

  • Zimmer Hit with a Serious Hip Replacement Part Recall

    The recall is due to manufacturing residues, which can be an issue in the machining and milling of such parts.

  • Here Are 3 Top Medical Device Stories of 2015

    Check out our recap video featuring some of the top medical device stories of 2015 (so far). Chris Newmarker From Medtronic post–Covidien merger to Uber-style disruption, Qmed has seen some significant medtech stories so far this year. Here is a recap of three that especially drew reader interest:

  • Former Medtech CEO Gets 2 Years for Selling Unapproved Devices

    Charlie Chi ran OtisMed, a knee replacement surgery cutting guides company that Stryker acquired in 2009. Stryker has had to pay tens of millions of dollars to settle related criminal and civil cases. Chris Newmarker

  • Wrongful Death Suit Filed against German Medtech Firm

    A Boston attorney is suing a Karl Storz GmbH & Co. KG and a prominent hospital in their alleged role in his wife’s death.Brian Buntz

  • Zimmer Closes on Its $14 Billion Purchase of Biomet

    Find out what the new Zimmer Biomet Holdings has to divest as part of the deal.

  • Secrets Revealed on New Experimental Google Wristband

    Google has an experimental health-tracking wristband that would be a regulated medical device. Nancy Crotti   Google's experimental wristband offers ECG functionality, according to CNN..

  • New Medtronic Heart Valve Scores FDA Approval

    Medtronic’s CoreValve transcatheter aortic valve replacement (TAVR) has notched another first, winning FDA approval Tuesday as the only device of its kind that physicians can recapture and reposition in patients.Nancy Crotti

  • Medtronic Launches Shopping Spree Post Covidien Merger

    Acquisitions mostly focus on early technologies in the U.S. Find out five companies that Medtronic has already acquired or invested in. Chris Newmarker