Ambu announced today that CMS has approved a transitional pass-through (TPT) payment for its aScope 5 Broncho HD. The TPT payment, effective Jan. 1, 2024, will last for 24–36 months, allowing incremental reimbursement for outpatient procedures using the device. The aScope 5 Broncho HD series is Ambu’s latest generation of single-use bronchoscope. Cleared by the […]
Exactech wins clearance for new ankle surgery navigation system
Exactech announced today that its BlueOrtho subsidiary has received FDA 510(k) clearance for ExactechGPS Ankle. The Gainesville, Florida–based company described the system as the first of its kind for total ankle arthroplasty. It connects the preoperative plan with real-time intraoperative instrument guidance, confirming that resections meet the surgical plan. Designed to improve surgical precision, the […]
Johnson & Johnson’s Ethicon settles more Physiomesh suits
Johnson & Johnson has settled more than 200 cases remaining in a multi-district litigation over hernia mesh made by its Ethicon subsidiary. U.S. District Court Judge Richard Story in Northern Georgia on Dec. 1 agreed to dismiss the cases with prejudice at the request of lawyers for both sides. The lawyers had informed him that […]
Cleveland Clinic, Canon plan a medical imaging research center
Cleveland Clinic and Canon today announced a strategic research partnership involving imaging and healthcare IT. The two organizations expect to establish a comprehensive imaging research center. The center will potentially include shared workspace in an existing building in Cleveland’s Fairfax neighborhood, adjacent to Cleveland Clinic’s main campus, according to a news release. A cross-institutional team […]
Smith+Nephew to buy CartiHeal and its knee cartilage healing tech
Smith+Nephew (LSE:SN, NYSE:SNN) announced today that it has agreed to acquire CartiHeal and its novel sports medicine technology. CartiHeal’s Agili-C is an off-the-shelf, porous, biocompatible, and resorbable scaffold. Approved by the FDA in 2022, it promotes natural regeneration of the articular cartilage — and restoration of its underlying subchondral bone. Under the acquisition agreement, Smith+Nephew […]
Medtronic’s mid-single digit revenue growth continues
Medtronic today reported second-quarter results that beat the Wall Street analysts’ consensus, with the world’s largest medtech company reporting strength across businesses and geographies. Along with a raised full-year guidance, the news sent MDT shares up more than 4% to $78.74 apiece by afternoon trading today. MassDevice‘s MedTech 100 Index was up slightly. The positive […]
Medtronic pulsed-field ablation system wins CE mark
Medtronic said today that it’s received a CE mark for its PulseSelect pulsed field ablation system. In addition, the medtech giant received European Union approval for its Nitron CryoConsole, which builds upon the legacy of the company’s cryo franchise with features to optimize the workflow for cryoballoon ablation. The news of the regulatory wins in […]
Neptune Medical brings on Intuitive co-founder as its board chair
Neptune Medical, the parent company of Triton Medical Robotics, has appointed a new board chair — and he’s well-known in surgical robotics. Dr. Fred Moll co-founded surgical robotics pioneer Intuitive in 1995. In recent years, he led robotic surgery developer Auris Health to its $3.4 billion sale to Johnson & Johnson in 2019. He’s presently […]
FDA clears Masimo W1 medical watch
Masimo has received FDA 510(k) clearance for its medical watch for both over-the-counter and prescription use. The FDA clearance is the latest good news for Masimo, which has been making headway in its patent battle with tech giant Apple. MASI shares were up more than 1% to $94.75 apiece by midday trading today on the […]
3M has a name for its healthcare business spinoff
3M today announced a name for its healthcare business spinoff, which the manufacturing giant expects to complete during the first half of 2024. What has been 3M Health Care will now be called Solventum. Here’s how 3M explained the name in its news release: “Solventum originates from two words: ‘solving’ and ‘momentum.’ ‘Solving’ captures the […]
Inogen has a new CEO
Inogen (Nasdaq: INGN), which specializes in respiratory products for homecare, announced a change in the corner office today. The company’s board of directors has named Kevin Smith as Inogen’s new president and CEO, effective immediately. Smith succeeds Nabil Shabshab, who started as CEO in 2021. Smith has over two decades of experience in the medical […]