Category: Business/Financial News
Former U.S. Senator, congressman joins board of Natick medical device giant.
Former U.S. Senator for New Hampshire John E. Sununu joined Boston Scientific Corp.'s board of directors.
The Natick-based medical device colossus said March 2 that Sununu was elected to the board to replace Joel Fleishman, who will resign his seat in May.
Second Stryker sales manager pleads guilty to promoting the combination of a pair of human bone growth products, despite earlier knowledge of problems with the combination
A federal investigation of Hopkinton’s Stryker Biotech is still underway after a second guilty plea by a former Massachusetts sales manager for the Michigan-based Stryker Corp. subsidiary, which develops bone injury repair products, according to news reports.
Inspection and clean room services provider debuts second South Coast facility.
Millstone Medical Outsourcing plans to open a second inspection and clean room facility in Fall River.
The 30,000-square-foot building will include a mechanical inspection area, clean room and packaging facilities.
It’s the third location for the inspection and clean room outsourcing service provider, which operates another clean room facility and its headquarters in Fall River and a loaner kit processing and distribution center in Memphis. The new shop takes its total square footage to roughly 95,000 square feet.
Radiology and medical image software maker’s sales rise 9 percent in 2008, but it takes a $28 million goodwill charge as its stock price plunges during the fourth quarter.
Amicas Inc. posted revenues of $50.4 million last year, up 9.3 percent compared with 2007, but slipped deep into the red during the fourth quarter as the value of its shares plunged.
The Boston radiology and medical image software provider said it took a $27.3 million impairment charge “primarily due to the sustained decline in the market value of the company's equity during the fourth quarter of 2008,” adding that it doesn’t expect any material impact from the charge over the long term.
Serica Technologies’ silk biomaterial product clears the 510(k) hurdle.
The U.S. Food and Drug Administration hopped onto Serica Technologies Inc.’s SeriScaffold product, granting the silk-based surgical mesh clearance to hit the market.
The Medford-based growth-stage device maker’s flagship product is designed to repair and remodel damaged connective tissue, avoiding the erosion and scar formation that can result from surgery.
Chelmsford-based cardiac resuscitation device maker agrees to acquire Irvine, Calif.-based intravascular temp control business
Zoll Medical Corp. agreed to buy out Alsius Corp. for $12 million, adding the Irvine, Calif.-based intravascular temperature management product maker’s operations to its line of cardiac resuscitation devices.
Chelmsford, mass. based Zoll said it will integrate the Alsius business into its operations in Sunnyvale, Calif.
Former PricewaterhouseCoopers partner Donna Lopolito joins Boston artificial liver developer.
Donna Lopolito spent 13 years as a CFO in the life sciences arena at PricewaterhouseCoopers, so she was a good pick when HepaLife Technologies Inc. tapped her to be its top financial guru.