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SurModics buys catheter maker NorMedix
SurModics (NSDQ:SRDX) said today that it acquired NorMedix for $14 million, including $7 million in up-front cash and another $7 million in revenue milestones. Plymouth, Minn.-based NorMedix makes...
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PE shop Aurora Capital buys Cardiac Science
Private equity firm Aurora Capital Group said today it acquired the assets of Cardiac Science in a court-approved sale, but did not disclose the financial or other terms of the sale. Waukesha,...
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Neovasc wins FDA nod to expand Tiara TMVR trial
Neovasc (NSDQ:NVCN) said today that it won approval from the FDA to expand a clinical trial of its Tiara transcatheter mitral valve implant to include a larger valve size. Vancouver-based Neovasc said...
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MassDevice.com +3 | The top 3 medtech stories for January 11, 2016
Say hello to MassDevice +3, a bite-sized view of the top three medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the...
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Ex-Insulet chief DeSisto out before he’s in at MannKind | Personnel Moves
MannKind Corporation said today it withdrew an offer that would have made ex-Insulet (NSDQ:PODD) CEO Duane DeSisto its new CEO only 19 days after officially posting its offer to DeSisto. The offer...
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Eye Tech Care lands $27m from Chinese investor
French glaucoma treatment developer Eye Tech Care SA said today it secured $27.2 million (EU €25 million) in funding from Chinese investor Everpine Capital. The money will come from Everpine in 2...
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Fujifilm wins CE Mark for Vevo MD UHF ultrasound
Fujifilm Sonosite (TSE:4901) subsidiary VisualSonics said today it won CE Mark approval in the European Union for its Vevo MD ultra high frequency clinical ultrasound. The Vevo MD operates at higher...
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ZipLine tows in $16.4m
ZipLine Medical raised $16.4 million in a new round of equity and debt financing, according to an SEC filing posted today. The company has not stated how it will use the funds raised in the round....
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Status Report: Health Canada, CMDCAS, US FDA and the MDSAP
By Ken Pilgrim, Emergo Group On December 4, 2015, Health Canada (HC) confirmed their transition plan for the Medical Device Single Audit Program (MDSAP). The intentions of the MDSAP are that a single...
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Supreme Court declines to review Medtronic win in InFuse lawsuit
The U.S. Supreme Court yesterday declined to review a Medtronic (NYSE:MDT) win in a lawsuit alleging off-label promotion of its controversial InFuse bone-growth protein. Patricia Caplinger asked the...
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Insulet inks deal for Lilly’s Humalog concentrated insulin
Insulet (NSDQ:PODD) said yesterday that it inked a deal with Eli Lilly (NYSE:LLY) to develop a version of its flagship OmniPod device that uses a concentrated insulin made by the pharma giant. Lilly’s...
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Advanced Inhalation Therapies scales back IPO terms to $10m
Advanced Inhalation Therapies yesterday scaled its pending initial public offering by more than ⅔ as it looks to raise funds for its drug delivery device, which is designed to treat severe respiratory...
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HeartWare plunges on uncertainty around its next-gen MVAD pump
Shares of HeartWare International (NSDQ:HTWR) are down some 28% today after the implantable heart pump maker said it can’t predict when it will be able to get its next-generation MVAD program back on...
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J&J joins Edwards in $28m Series B for arterial shunt dev V-Wave
Johnson & Johnson (NYSE:JNJ) joined previous investor Edwards Lifesciences (NYSE:EW) in a $28 million Series B round to support heart failure treating interarterial shunt maker V-Wave, according...
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Smith & Nephew buys Piramal’s BST-CarGel cartilage repair assets
Smith & Nephew (NYSE:SNN) said to day that it acquired the BST-CarGel cartilage repair line from Piramal Healthcare for an undisclosed amount. BST-CarGel, which is approved in Australia, Canada and...
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Boston Scientific launches LithoVue 1-use Ureteroscope
Boston Scientific (NYSE:BSX) said today it launched its LithoVue single-use digital flexible ureteroscope designed for minimally invasive endoscopic procedures such as diagnosing and treating stones...
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No quick fix seen for Novartis’s troubled Alcon unit
(Reuters) – Introduced a decade ago, glaucoma drug Travatan Z has been a powerful driver behind the success of Novartis (NYSE:NVS)’s Alcon eye care business, its second biggest division behind the main...
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Philips inks $90m patient care deal with Marin General Hospital
Royal Philips (NYSE:PHG) said today it signed a 15-year, $90 million patient healthcare partnership with Marin General Hospital, which serves Marin County, just north of San Francisco. The agreement is...
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U.S. panel finalizes breast cancer screening recommendations
(Reuters) – An influential panel of U.S. experts issued final recommendations on Monday reaffirming their controversial position that mammogram screening should start at age 50, but also said some...
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Senate panel OKs Califf for FDA commish
The U.S. Senate’s health panel today approved President Barack Obama’s nominee to lead the FDA, cardiologist Dr. Robert Califf, after members shrugged off criticism from consumer watchdogs about...
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