Category: Business/Financial News
Fall River firm to use cash to prepare a 510k FDA application for its RF tissue repair device.
Two former executives from Johnson & Johnson and Stryker raised $1 million to fund the development of a device that uses radio frequencies to repair torn or frayed cartilage.
NuOrtho Surgical Inc. in Fall River raised the money from private investors and “individuals familiar with the orthopedic industry,” according to a press release.
The funds will be used to file for a 510k premarket notification with the U.S. Food and Drug Administration, ahead of a planned 2010 launch of NuOrtho’s first product.
Reading-based HIT software and service provider expands its Left Coast presence with acquisition of Santa Ana, Calif.-based peer.
Vitalize Consulting Solutions Inc. acquired r3 Health Partners LLC for an undisclosed amount.
The Reading-based healthcare information technology software and service provider said the deal expands its footprint to the West Coast, where r3 has its Santa Ana, Calif. base. Vitalize also has operations in Kennett Square, Pa.
Former r3 managing principal John Dal Poggetto will join Vitalize as a senior vice president.
Carver R&D firm sells anchoring technology to Nitinol Devices & Components of Fremont, Calif.
Phase One Medical LLC sold its anchoring technology line to Nitinol Devices & Components of Fremont, Calif., for an undisclosed amount.
The deal was negotiated by Hatch Medical LLC, a technology brokerage firm, with which Phase One has collaborated in the past.
The anchoring technology is used to secure instruments during minimally invasive cardiovascular and radiology procedures and is one of four product lines the Carver-based company produces.
Burlington stent maker’s FiberHalo catheter measures blood vessels from within the catheter’s balloon.
CorNova Inc. is hoping to take stents to a new level by integrating fiberoptic technology into existing balloon catheter design.
The Burlington medical device manufacturer is developing balloon catheters designed to measure blood vessels from within the balloon during procedures, with an eye toward reducing incidences of stent restenosis (thrombosis), Mass High Tech reported.
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.