Cook Medical expanded its Class I recall for beacon tip angiographic … [Read More...]
FDA
FDA warns of neurosurgical head clamp slippage
The FDA today released a safety communication warning about slippage … [Read More...]
Incoming FDA chief Califf outlines priorities
Incoming FDA commissioner Dr. Robert Califf, confirmed yesterday by the … [Read More...]
Senate approves Califf as FDA chief
The U.S. Senate voted 89-4 today to confirm Dr. Robert Califf as … [Read More...]
FDA approves Boston Scientific’s Acuity X4 quad leads
Boston Scientific (NYSE:BSX) said today that it won pre-market approval … [Read More...]
Mergers & Acquisitions
EU anti-trust regulators OK $5.6B Dentsply-Sirona merger
Dentsply International (NSDQ:XRAY) and Sirona Dental Systems (NSDQ:SIRO) won conditional EU approval for their $5.6 billion merger today after agreeing to extend licensing agreements between Sirona and key suppliers. York, Penn.-based Dentsply also agreed to technical and legal safeguards for rival block suppliers and a fast track arbitration process to resolve disputes. “The decision is conditional in particular […]
Wright Medical gains on Q4 earnings beat
Wright Medical (NSDQ:WMGI) shares gained today after the orthopedics maker smashed Wall Street’s earnings forecast by a full 25¢ in the 1st quarter since its $3.3 billion merger with Tornier. Memphis-based Wright posted losses of -$105.8 million, or -90¢ per share from continuing operations, on sales of $177.0 million for the 3 months ended Dec. 27, […]
Greatbatch board OKs Nuvectra neurostim spinout
Greatbatch (NYSE:GB) said today that its board of directors approved the spinout of its QiG Group, which is slated to become Nuvectra Corp. once the deal closes, expected March 7. One Nuvectra share is due to be distributed to Greatbatch shareholders March 14, for every 3 GB shares, the Frisco, Texas-based company said. “This announcement marks an important […]
ResMed to pay $800m for cloud-based software firm Brightree
Updated with quotes from Brightree majority owner Battery. ResMed (NYSE:RMD) said today it will pay $800 million to acquire cloud-based healthcare software company Brightree. Atlanta, Ga.-based Brightree develops cloud-based software for home or durable medical equipment for home health and hospice care, with aims of improving clinical and business performance in the post-acute care industry. Global investment firm […]
IBM to pony up $2.6B for Truven Health Analytics
International Business Machine (NYSE:IBM) said today that it agreed to acquire Truven Health Analytics for $2.6 billion, marking IBM’s 4th major health-related acquisition since launching Watson Health in April 2015. Ann Arbor, Mich.-based Truven provides could-based healthcare data and analytics solutions to federal and state government agencies, employers, hospitals and pharmaceutical companies. IBM, whose healthcare unit is powered by the […]
Stryker to pay $1.3B for Physio-Control
Stryker (NYSE:SYK) said today that it agreed to pay $1.28 billion to Bain Capital for automated external defibrillator maker Physio-Control. Medtronic (NYSE:MDT) sold Physio-Control to Bain for $478 million in January 2012. The all-cash deal, slated to close at the beginning of the 2nd quarter, is expected to add slightly to Kalamazoo, Mich.-based Stryker’s adjusted earnings […]
NuVasive’s Q4 profits surge, swings to black for 2015
NuVasive Inc. (NSDQ:NUVA) yesterday reported 4th-quarter and full-year results that topped expectations on Wall Street, posting a Q4 profit increase of nearly 54% and swinging to black ink for 2015. San Diego-based NuVasive put up profits of $11.5 million, or 22¢ per share, on sales of $215.3 million for the 3 months ended Dec. 31, 2015, representing […]
