Medical Device Industry News

  • Sorin Purchases Minority Share in Highlife SAS

    The Sorin Group, an Italian medical device manufacturer, announced that it had invested $5.4 million in Highlife SAS. Highlife SAS is an early-stage company working on the development of transcatheter mitral valve replacement technologies. The minority investment by the Sorin Group includes an option to buy the cardiovascular technology company. Georg Bortlein is one of the prominent founders of Highlife SAS. His history includes co-founding CoreValve, a company that specialized in aortic valve implantation technology. CoreValve was later purchased by Medtronic.

  • Boston Scientific Loses Patent War with Cardium Therapeutics

    Boston Scientific, a global medical device manufacturer based in Natick, Massachusetts, recently lost a patent war against Cardium Therapeutics, a healthcare company based in San Diego, California. The disputed patent is based on Cardium Therapeutics’ gene therapy technology that is used in the treatment of coronary heart disease.

  • EU Grants CE Mark Approval for Imagine Eyes Retinal Camera

    Imagine Eyes, a medical device manufacturer based in Orsay, France, received CE Mark approval in the European Union for its new retinal imaging system. According to information released by the company, the product is the first clinically-approved adaptive optics platform system.

  • FDA Grants PMA for Cook Medical's Zilver PTX Stent

    Cook Medical, a healthcare device manufacturer based in Bloomington, Indiana, recently received premarket approval (PMA) from the United States Food and Drug Administration (FDA) for its Zilver PTX stent. The Zilver PTX stent is the first drug-eluting stent for peripheral artery disease that has received approval in the U.S.

  • Qualcomm Life to Make 2net Hub and Platform Available in Europe

    Qualcomm Life, a subsidiary of global semiconductor company Qualcomm Technologies, announced that its wireless healthcare services will be available in Europe. The subsidiary’s flagship product, the 2net Platform and Hub, will allow healthcare providers and medical device manufacturers to link their systems through a cloud-based solution. This will help healthcare providers monitor patient biometrics and other information quickly and easily.

  • Obama's Reelection and the Fate of the Medical Device Tax

    With Barack Obama back in the White House, many medical device manufacturer are stepping up their efforts against an upcoming medical device tax hike. The 2.3 percent medical device tax is part of the president's Affordable Care Act. Many healthcare companies were hoping that a Romney victory would see the death of this tax. Since his platform argued against healthcare reform, many felt that the former republican candidate would see an end to the 2013 tax increase.

  • Eye Tracking System Can Help Doctors Diagnose Health Issues

    Tobii Technology, a global leader in eye tracking and gaze interface integration, recently announced that its eye tracking technology has been integrated into i2Eye Diagnostics' portable, easy-to-use Saccadic Vector Optokinetic Perimetry (SVOP) system. The SVOP system can be used by healthcare professionals to assist in the diagnosis and management of a variety of neurological and ophthalmic health issues. In addition, the SVOP system can be a valuable tool for a variety of different research applications.

  • Flambeau Makes $2.5 Million Investment to Enter Medical Device Market

    Flambeau Medical Markets Group (FMMG) recently announced that it will invest $2.5 million in its medical device contract manufacturing business. This is part of the company’s plan to expand group sales to $100 million by 2020. Tom Star, VP of sales and marketing for the FMMG, stated, “That would be about 500 percent growth from where we are today.” Flambeau Medical Markets Group was formed in 2011 from Flambeau Inc. Flambeau Inc. is a group that concentrates in plastics injection molding and is part of Nordic Group of Cos. Ltd.