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Johnson & Johnson’s DePuy picks up BioMedical Enterprises
Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics said yesterday that it acquired BioMedical Enterprises, which makes implants for small bone fixation, for an undisclosed amount. San...
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Layoffs ahead as Haemonetics restructures, names new CEO
Haemonetics (NYSE:HAE) said yesterday that it plans to take a pre-tax charge of $26 million, including $17 million worth of “termination benefits,” as part of another round of layoffs aimed at boosting...
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NinePoint Medical wins FDA nod for real-time targeting on NvisionVLE device
NinePoint Medical said today that it won 510(k) clearance from the FDA for a real-time targeting feature on its flagship NvisionVLE gastrointestinal imaging device. NvisionVLE uses optical coherence...
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Senate panel once again slams physician-owned distributorships
The U.S. Senate’s Finance Committee today issued a report slamming physician-owned distributorships that sell the spinal implants their doctor-owners prescribe. It’s not the 1st time that so-called...
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Baxter issues 4-year forecast
Baxter (NYSE:BAX) yesterday said it hopes to grow earnings per share to $3 over the next 4 years, as it looks to improve its operating margins and grow the top line. The Chicago-area healthcare giant...
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Olympus pays $306m to settle kickbacks case
The U.S. Justice Department today reported that Olympus (TYO:7733) will pay approximately $306 million to 50 states, Washington D.C. and the federal government to resolve claims of kickbacks that...
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GE Healthcare inks strategic imaging deal with Heritage Valley Health System
Heritage Valley Health Systems said today it inked a strategic alliance with GE Healthcare (NYSE:GE) that will provide the group with MRI and CT scanners as well as other equipment from GE. The deal,...
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PureTech launches Alivio inflammation focused drug-delivery biz
PureTech Health said today it launched Alivio Therapeutics, a new novel tech business aiming to treat inflammatory disorders. The newly-launched company’s technology is based on hydrogel material...
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MassDevice.com +5 | The top 5 medtech stories for May 10, 2016
Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s...
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GI Dynamics plans 30% workforce cut by end of June
GI Dynamics (ASX:GID) said today that it plans to reduce its workforce by approximately 30% as part of restructuring efforts as it tries to extend its “cash runway.” The Lexington, Mass.-based company...
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DJO sees losses continue to grow in Q1
DJO Global saw losses continue to grow in the 1st quarter even as revenue swelled, according to newly reported quarterly earnings. DJO Global reported losses of $38.1 million on sales of $278.9 million...
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Unilife shareholders pull trigger on 1-for-10 reverse split
Unilife (NSDQ:UNIS) said yesterday its board voted in favor of a 1-for-10 reverse stock split, set to take effect on Friday, May 13. The vote was made at a special meeting of stockholders held...
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B. Braun challenges ECRI Institute infusion pump ratings
B. Braun Medical today challenged infusion pump ratings out of the ECRI Institute after its Infusomat Space 2nd-generation large volume pump was given a 2-out-of-5 star rating. The Bethlehem,...
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Senseonics wins CE Mark for implantable CGM system
Senseonics (OTC:SENH) said today it won CE Mark approval in the European Union for its Eversense continuous glucose monitoring system. The Eversense system includes an implanted glucose sensor designed...
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Smartphone Diagnoses: Evaluating eye misalignment through smartphone pictures
New smartphone-based diagnostic tools are enabling consumers to take their temperatures, diagnose simple skin conditions and much more. As advanced smartphone imaging puts more and more capabilities in...
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TransEnterix shelves SurgiBot after FDA denial, turns to ALF-X
TransEnterix (NYSE:TRXC) is shelving its SurgiBot robot-assisted surgery platform and focusing on the ALF-X platform it acquired last year. Stock prices for the Research Triangle Park, N.C.-based...
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Appeals court upholds Medtronic’s win in patent spat with doc inventor
A federal appeals court yesterday upheld a win for Medtronic (NYSE:MDT) in a patent dispute over its CoreValve aortic valve replacement with inventor Dr. Troy Norred, according to legal filings. The...
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WinMed looks to license or sell VariSoft guidewire
WinMed is looking for a buyer for the VariSoft guidewire developed by founder & CEO Ed Winters, inking a deal with medical device incubator Hatch Medical to broker the sale or licensing of the...
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Lungpacer Medical hits the FDA fast track with phrenic nerve pacer
Lungpacer Medical said it won an expedited access pathway designation from the FDA for the diaphragm pacing system it’s developing to treat patients who can’t be weaned from mechanical ventilation. The...
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Ex-banker’s father avoids jail time in insider trading case
The father of a former investment banker with JP Morgan and Perella Weinberg Partners accused of insider trading avoided jail after pleading guilty to the charges last year. Federal prosecutors accused...
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