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Medrobotics lands expanded indication for Flex robot-assisted surgery device
Medrobotics said today that its Flex robot-assisted surgery device won CE Mark approval in the European Union, expanding its indication to include colorectal procedures. The Raynham, Mass.-based...
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New Medicare rules pay docs based on outcomes
The White House last week changed the way government health insurers pay doctors, shifting from the fee-for-service model in favor of an outcomes-based system. The so-called “doc fix” law, passed by...
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Report: Medtech sales to hit $529B by 2022
Worldwide medical technology sales are expected to reach $529.8 billion by 2022 with an annual growth rate of 5.2% over the next 7 years, according to a new EvaluateMedTech report from Evaluate. The...
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Profound Medical looks to raise $15m
Profound Medical (TSX:PRN) said today that it pulled in a $13.2 million (C$17.4 million) funding round that includes an over-allotment option that could bring in another $2 million (C$2.6 million). Led...
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Boston Scientific details Malaysia expansion plans
Boston Scientific (NYSE:BSX) is expanding into Penang, Malaysia with a new 375,000 square-foot manufacturing facility, according to a report from the New Straits Times. The venture marks the...
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Aerogen touts study of Solo vibrating mesh for aerosol drug delivery
Aerogen today touted results from a study showing a 32% reduction in hospital admissions when patients were treated using its Solo vibrating mesh aerosol drug delivery system, compared to a...
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Physics-modeling software solves drug-delivery engineering problem
Software that models the laws of physics is usually used by theoretical physicists. But a multi-physics program based on “1st principles” can be used in real-world applications, as evidenced by a...
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St. Jude Medical forms cybersecurity advisory panel
St. Jude Medical (NYSE:STJ) said today that it’s forming a Cybersecurity Medical Advisory Board as it looks to “advance cybersecurity standards in the medical device industry by working with experts...
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Sleep apnea may increase diabetes risk
(Reuters) — Obstructive sleep apnea is linked with an increased risk of developing Type II diabetes, new research shows. The findings support recommendations from the International Diabetes Federation...
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U.S. diabetics have worsening blood sugar
(Reuters) — The number of U.S. diabetics with healthy blood sugar levels has declined in recent years, a study suggests. Researchers analyzed data on 1.6 million adults with diabetes from 2006 to 2013....
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MassDevice.com +5 | The top 5 medtech stories for October 17, 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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Outsourcing Bioskills Workshops To Contract Research Organizations
Medical device companies frequently need to conduct bioskills training events either to educate their sales force on new devices/technology, to educate new hires to the sales force, or to provide...
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Mast Therapeutics inks deal with Philips Respironics for iNeb aerosol...
Mast Therapeutics (NYSE:MSTX) said today that its subsidiary Aires Pharmaceuticals landed a collaborative agreement with Royal Philips (NYSE:PHG) sleep and respiratory care subsidiary Philips...
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Doctors still order imaging for low back pain, against recommendations
(Reuters) — Many doctors who order CT or MRI scans for patients with low back pain do so fearing that patients will be upset if they do not get imaging and because there is too little time to explain...
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Report: Medtech seeing shrinking VC funds, less startups
AdvaMed today released a report cautioning about a “future at risk” in medtech, warning that a lack of startups and shrinking venture capital funds could compromise the industry as a whole. The medtech...
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Draft Chinese FDA medical device classification catalogue would reduce number...
By Stewart Eisenhart, Emergo Group EMERGO SUMMARY OF KEY POINTS: The Chinese FDA’s new draft classification catalogue would reduce the number of device groups from 43 to 22. More than 4,000 new...
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Johnson & Johnson’s Q3 numbers top estimates, medical devices biz grows slightly
Third-quarter sales ticked up 4% and profits grew at a double-digit clip for Johnson & Johnson (NYSE:JNJ), the company said today, and its medical devices business posted sales growth of just more...
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Israeli technical institute takes a stake in NovoCure after patent settlement
A pair of Israeli technical institutes, the Technion Research and Development Foundation and the Technion – Israel Institute of Technology, agreed to accept a stake in NovoCure (NSDQ:NVCR) as part of a...
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Abbott, St. Jude Medical to deal vascular assets to Terumo for $1B
Abbott (NYSE:ABT) and St. Jude Medical (NYSE:STJ), the subject of a pending, $25 billion acquisition by Abbott, agreed to deal some of their respective vascular assets to Japan’s Terumo Corp....
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The evolution of OCTANe and Orange County’s technology ecosystem
OCTANe, the Aliso Viejo, Calif.-based industry council set up to nurture and grow the technology ecosystem in Orange County, is on the move. Last month, the technology council said that it would merge...
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