Category: On Call
Indian media says its government is "dithering" on the controversy over Johnson & Johnson's recalled metal-on-metal hip implants.
MASSDEVICE ON CALL — India media accused its government of failing to act to protect patients potentially harmed by Johnson & Johnson's (NYSE:JNJ) now-recalled metal-on-metal hips.
A pair of economists face off over the medtech tax, with one calling the levy a new incentive for a complacent industry and the other warning that the tax makes for a hostile environment for medtech innovation.
MASSDEVICE ON CALL — A pair of economists have taken to the internet to pen contrary opinions on the medical device tax, with 1 arguing that the tax may be good for an industry that needs a jolt and the other warning that it could drive innovation away from the U.S.
Kelly School of Business professor emeritus Larry Davidson this week published on his blog an in-depth post decrying the tax and tearing apart arguments made by a fellow follower of the so-called "dismal science" of economics.
The FDA warns again of issues that may prevent Philips' HeartStart automated defibrillators from delivering emergency therapy.
MASSDEVICE ON CALL — Medtech giant Philips Healthcare (NYSE:PHG) got renewed attention for its troubled HeartStart automated external defibrillators after the FDA this week issued a new warning letter over potentially faulty electrical components.
In the pre-Obamacare world, device and drug products would be priced at a premium based just on improvements in quality. Those days may be gone, Mohit Kaushal writes.
MASSDEVICE ON CALL — In the pre-Obamacare world, medical device companies were able to price their products at a premium, justified by improvements in quality that were in some cases marginal. But premium pricing "typically becomes an easy target for disruption through product innovation in many other technology industries, especially when the market place is crowded with competitors," writes Mohit Kaushal, a partner at Aberdare Ventures in San Francisco.
Anthem Blue Cross accidentally exposes the Social Security numbers and tax IDs of more than 24,000 California physicians.
MASSDEVICE ON CALL — Most healthcare breaches in the headline involve exposure of patient data, but a major slip at Anthem Blue Cross let slip the Social Security numbers and tax numbers of about 24,500 California doctors.
Anthem Blue Cross, California's largest for-profit health insurance provider, accidentally posted the sensitive information in its online directory, according to the LA Times. The leaked data could be used to file fraudulent medical claims.
Who really won out in the $2.5 billion Johnson & Johnson metal hip settlement? Not patients, some reports say.
MASSDEVICE ON CALL — When Johnson & Johnson (NYSE:JNJ) agreed to a $2.5 billion settlement to close some 8,000 cases over its metal-on-metal hip implants, about 1/3 of that money went to the lawyers and legal teams representing the cases.
Sony's newly patented "SmartWig" technology, still under development, may feature every from brain-wave sensing technology to a laser pointer, according to patent documents.
MASSDEVICE ON CALL — Technology giant Sony Corp. (TYO:6758) filed patents this year for "SmartWig" technology, described as everything from standard health monitoring to a "presentation aid," MobiHealthNews reported.