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Sunshine Heart raises $3.5m
Sunshine Heart (NSDQ:SSH) said today it raised $3.5 million in a direct offering to a single investor through the sale of convertible preferred stock. The Eden Prairie, Minn.-based company said it...
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MassDevice.com +5 | The top 5 medtech stories for July 21, 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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Philips connects Trilogy ventilators to the Internet of Things
Royal Philips (NYSE:PHG) said today its Trilogy family of portable ventilators will be connected to its Care Orchestrator connected care management application. Get the rest of the story at our sister...
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Stryker translates CMS claims data for hospitals
Stryker (NYSE:SYK) said today its Stryker Performance Solutions business unit is now offering a new Episode Performance Manager tool designed to CMS data into actionable data for hospitals. The newly...
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Halyard Health, Belintra ink sterile packaging & logistics pact
Medical technology company Halyard Health (NYSE:HYH) and Belintra, a healthcare logistics provider, will pursue a co-marketing partnership focused on improving the sterility of wrap products before...
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Relievant Medsystems wins FDA clearance for Intracept ablation device for low...
Relievant Medsystems said today it won FDA 510(k) clearance for its Intracept intraosseous nerve ablation system designed for the treatment of chronic lower back pain. The company touted the system as...
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FDA panel votes in favor of Dexcom G5 dosage label expansion
UPDATED July 22, 2016, with comment from Dexcom. An advisory panel recommended today that the FDA grant Dexcom‘s (NSDQ:DXCM) bid for a non-adjuctive dosing claim for its G5 continuous glucose monitor...
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US FDA urges national device evaluation system incorporating UDI
By Stewart Eisenhart, Emergo Group Top US Food and Drug Administration officials are pushing for implementation of a national system for evaluating medical device pre- and post-market data including...
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Stryker’s Q2 numbers top estimates, outlook raised on 2016 sales and earnings
Stryker (NYSE:SYK) shares ticked down in pre-market trading today despite a 2nd consecutive “beat & raise” quarter that saw the medical device giant top both sales and earnings forecasts and boost...
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Profits, sales up during Q2 for GE Healthcare
Profits and sales grew during the 2nd quarter for GE Healthcare (NYSE:GE), helping the industrial conglomerate beat Wall Street’s earnings forecast. GE Healthcare’s operating profits rose 11% to $782...
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Plaintiff’s $8m win in DePuy ASR hip trial survives Johnson & Johnson’s appeal
An $8 million plaintiff’s award in a product liability lawsuit brought over the DePuy ASR XL metal-on-metal hip implant made by Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics survived...
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India’s proposed stent pricing cap said to squash new product introductions
India’s move toward capping the price on coronary stents reportedly has medical device makers rethinking their strategies there and even shelving new product rollouts. “With price controls, margins of...
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Appeals court tosses $20m AngioScore win over TriReme Medical
A federal appeals court yesterday tossed AngioScore‘s $20 million win over TriReme Medical and a pair of related companies, ruling that the case never should have made it to the federal level. Just...
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Natus Medical shares dip on missed Q2 release
Natus Medical (NSDQ:BABY) saw shares fall over 2% yesterday after releasing 2nd quarter earnings that missed the mark on earnings per share and revenue. The Pleasanton, Calif.-based company reported...
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J&J’s Acclarent to pay $18m over off-label marketing charges
Johnson & Johnson (NYSE:JNJ) subsidiary Acclarent will pay $18 million to resolve allegations over false claims submitted to Medicare and other federal health care programs in relation to marketing...
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Prism Medical wins approval for shareholders meeting for sale to Handicare
Prism Medical said today it obtained an interim order from the Ontario Superior Court of Justice to allow for a special meeting of share holders to approve its acquisition by Handicare. The meeting is...
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Direct Flow raises $27 million
Direct Flow Medical raised raised $27.1 million in a new round of financing through the sales of select stock and warrants. Money in the round came from 11 anonymous investors, with the company looking...
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MassDevice.com +5 | The top 5 medtech stories for July 22, 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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Stealthy early-stage NVision Medical raises $6.5m
Stealthy NVision Medical raised $6.5 million in a new round of equity financing to support its ovarian cancer diagnostic device, according to an SEC filing. NVision is an early-stage medical device...
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Varian Medical names spun-off imaging biz as Varex Imaging
Varian Medical (NYSE:VAR) yesterday released the name for its planned imaging component spin-off, running under the moniker “Varex Imaging.” The spin off will be a new, stand-alone public company...
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