Philips recently announced that it has incorporated a super-resolution contrast-enhanced ultrasound (CEUS) application into its EPIQ Elite ultrasound system. The addition of microvascular imaging super-resolution CEUS enables three times better spatial resolution than previous models, according to Philips. It could potentially improve the diagnostic accuracy for assessing lesion blood flow in cancer patients. Understanding blood […]
The Philips CPAP recall settlement could be just be the start
Philips is set to pay at least $479 million to settle claims related to its ongoing Respironics recall. It could just be the beginning of settling what has arguably been one of the medical device industry’s most serious recalls in recent decades. (Here is a full timeline of the Philips recall.) Subject to approval in […]
Cordis names former Spectranetics CEO as executive chair
Interventional vascular tech company Cordis today announced that board member Scott Drake will be the new executive chair of its board of directors. Drake succeeds Duke Rohlen, who served as executive chair since Hellman & Friedman and KKR acquired the company from Cardinal Health in 2021. Rohlen will stay on the company’s board of directors […]
Eko Health partners with FIGS to expand its digital stethoscope’s reach
Healthcare apparel company FIGS and digital health tech outfit Eko Health today announced the U.S. launch of the FIGS | Eko Core 500 digital stethoscope. As with the initial edition of the Core 500 launched in June after FDA clearance a month before, the product combines Eko’s TrueSound sound filtering and noise reduction technology with […]
FDA clears VVT Medical varicose veins treatment device
VVT Medical announced in recent months that FDA has cleared its ScleroSafe platform, which delivers endovenous chemical ablation to treat superficial varicose veins. Kfar Saba, Israel–based VVT Medical says it specifically created ScleroSafe to provide efficient, non-thermal, non-tumescent treatment and management of varicosities in superficial veins. Its inverse-action dual syringe injects the ECA substance into […]
Illumina picks a new CEO amid SEC investigation
Illumina (Nasdaq: ILMN) — the DNA sequencing and array-based tech developer — has tapped an Agilent Technologies executive as its new CEO as it seeks to move beyond regulatory scrutiny of its acquisition of Grail. Jacob Thaysen, an Agilent Technologies SVP and president of its Life Sciences and Applied Markets Group, takes over Illumina’s corner […]
3M announces $6 billion earplugs settlement
3M today announced that it will pay $6 billion in cash and stock for the rest of the decade to resolve hundreds of thousands of veterans lawsuits over faulty earplugs. Bloomberg News and The Wall Street Journal previously reported that 3M was close to reaching a settlement. The agreement with negotiating plaintiffs’ attorneys has the […]
What are the largest medical device companies?
Medtronic, Johnson & Johnson MedTech and Siemens Healthineers again lead the Medtech Big 100 list of largest medical device companies. However, there is so much more to Medical Design & Outsourcing and MassDevice‘s 2023 edition of the Medtech Big 100 report. We pulled thousands of data points to provide information on annual revenue, R&D spending, […]
3M is reportedly close to reaching an earplugs lawsuit settlement
3M is nearing a settlement with attorneys representing hundreds of thousands of veterans who say the company’s earplugs failed to protect them from hearing loss, according to media reports citing people close to the discussions. Bloomberg News and The Wall Street Journal say the manufacturing giant would pay $5.5 billion under the tentative deal. Experts […]
Medtronic stock is down on new RDN system setback
Medtronic stock is taking a hit after an FDA review panel found the risks of its renal denervation system outweighed the benefits. The world’s largest medical device company engaged in more than a decade of clinical trials and research — with multiple disappointments along the way — as it made a bet that its radiofrequency-energy-based […]
ReCor Medical wins FDA panel nod for its renal denervation system
ReCor Medical announced that an FDA panel has voted in favor of the safety and efficacy of its Paradise ultrasound renal denervation (RDN) system for treating hypertension. On Aug. 22, the Circulatory Systems Devices Panel of the FDA’s Medical Devices Advisory Committee voted 12–0 in favor with regard to safety and 8–3 in favor, with […]