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Egypt arrests 45 in organ smuggling ring
(Reuters) – Egypt has uncovered a network accused of illicit international trafficking in human organs, arresting 45 people and recovering millions of dollars in a dawn raid on Tuesday, the health...
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Novo Nordisk joins Allergan in pledge to limit price hikes
Novo Nordisk (NYSE:NVO) president Jakob Riis said this week that the company will limit annual price hikes of its products’ list prices to single-digit percentages, joining Allergan (NYSE:AGN) CEO...
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Endurance through criticism: The legendary career of Dr. John Simpson
Avinger executive chairman Dr. John Simpson Welcome to the Medsider interview series, a regular feature at MassDevice. All interviews are conducted by Scott Nelson, Founder of Medsider and Group...
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Researchers develop targeted, photodynamic nanoparticles for tumor therapy
Researchers at the University of Massachusetts Medical School have developed photodynamic nanoparticles that can effectively target deep-tissue tumors. The team’s work was published in the Journal of...
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MassDevice.com +5 | The top 5 medtech stories for December 6, 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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Abyrx raises $10m, inks soft-tissue adhesive deal with Bezwada Biomedical
Abyrx said today it raised $10 million in a new equity financing round and expanded its exclusive, global license agreement with Bezwada Biomedical to include the development and production of...
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Creo Medical looks to raise $25m in UK IPO
U.K.-based electrosurgery device developer Creo Medical said today it looks to raise $25.3 million (UK £20 million) in a U.K. initial public offering, expected to take place on December 9. Creo Medical...
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NeuroEm launches study examining transcranial stim in treating Alzheimer’s
NeuroEm Therapeutics said today it launched a clinical trial testing the effect of transcranial electromagnetic treatments on patients with Alzheimer’s disease. The 2-month, phase I clinical trial aims...
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J&J joints $7m OrthoSpace funding round
OrthoSpace said it has closed a $7 million round of equity financing, being joined by newly vested medtech giant Johnson & Johnson (NYSE:JNJ). OrthoSpace produces the InSpace orthopedic...
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Chinese anti-trust regulators ding Medtronic for $17m
Chinese anti-trust regulators dinged MDT for more than $17 million for price fixing with its cardiovascular and diabetes devices. The ¥118.5 million fine levied by China’s National Development &...
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Mexican regulators allow greater third party reviewer involvement for stalled...
By Stewart Eisenhart, Emergo Group COFEPRIS, Mexico’s medical device market regulator, has begun allowing Third Party Review organizations (TPRs) access to registration applications that have caused...
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Baxter releases infusion pump programming software
Baxter (NYSE:BAX) launched its Sigma Spectrum Safety Management System this week at the American Society of Health-System Pharmacists meeting. The infusion pump system consists of an analytics software...
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FDA adds high-risk indication to Abiomed’s Impella CP heart pump
Abiomed (NSDQ:ABMD) said today that it won an expanded indication from the FDA for its Impella CP heart pump for high-risk patients. The Impella CP device, which won pre-market approval earlier this...
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UK slaps Pfizer with record $107m fine over price hikes
The Competition and Markets Authority reportedly fined Pfizer (NYSE:PFE) and Flynn Pharma a record amount for the companies’ massive price hikes to its unbranded versions of the anti-epilepsy drug,...
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SRI wins $150m grant to develop HIV prevention products
SRI International said today that it landed a $150 million contract from the National Institutes of Health‘s National Institute of Allergy and Infectious Diseases and the Division of AIDS to support...
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CytoSorbents gains on German reimbursement win
CytoSorbents Corp. (NSDQ:CTSO) shares jumped 9% to $5.35 apiece today after the company reported that it landed a permanent reimbursement procedure code for its CytoSorb therapy in Germany. The...
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Medtronic, Fitbit ink CGM and physical activity data integration deal
Medtronic (NYSE:MDT) said today it partnered with Fitbit to integrate CGM data alongside physical activity data in Medtronic’s iPro2 myLog mobile application. The partnership will allow type 2...
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Abbott files to terminate $6B Alere acquisition
Abbott (NYSE:ABT) said today it filed a complaint with the Delaware Court of Chancery seeking to terminate its proposed $5.8 billion acquisition of Alere (NYSE:ALR), referencing a “substantial loss in...
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Mylan to cut 10% of workforce in restructuring efforts
Mylan (NSDQ:MYL) shares dropped 5% this morning after it said in regulatory filing that it expects to cut less than 10% of its global workforce as a result of its restructuring efforts. The...
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Varian to receive $200m from Varex Imaging spin-off
Varian Medical (NYSE:VAR) said today that it will receive $200 million from its imaging components spin-off Varex Imaging in January as part of an updated separation deal. The spin off will be a new,...
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