The New York Stock Exchange notified Baxter (NYSE:BAX) on Friday that the company has until May 20, 2020 to file its third-quarter financial report and any subsequent delayed filings to regain compliance with exchange’s listing standards. The Deerfield, Ill.–based healthcare products company announced Nov. 15 that it was conducting an internal probe into its foreign […]
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Varian Medical spending extra on Endocare and Alicon purchase
Radiation oncology treatments and software maker Varian Medical Systems (NYSE:VAR) announced today that it updated its previously reported GAAP preliminary financial results for the fourth quarter and fiscal 2019. Earlier this week, the company uncovered new information and determined that the financial performance of its recently acquired Endocare and Alicon business was better than previously understood […]
Exactech acquires Italian distributor
Exactech (NSDQ:EXAC) announced that it acquired its independent distribution partner, Exactech Italia, creating a new corporate subsidiary. The acquisition was made official yesterday and includes all shares of the Brescia, Italy-based importer and distributor of Gainesville, Fla.-based Exactech’s orthopedic implants, instrumentation and advanced surgical technologies. Financial terms of the agreement were not disclosed but it marks […]
Medtech product liability and IP: Here’s where it’s going
Greenberg Traurig is one of the largest law practices in the United States, with 2,100 attorneys serving clients in 41 offices in the U.S., Europe, Latin America, the Middle East and Asia. Medical Design & Outsourcing recently sought insights from some of the top lawyers at GT who are involved in medical device products liability […]
InVivo prices $1m public stock offering
InVivo Therapeutics (NSDQ:NVIV) announced that it priced a public stock offering expected to produce gross proceeds of just under $1 million for the company. The Cambridge, Mass.-based company is offering 7 million shares of its common stock to the public at a price of 12¢ per share. InVivo expects the gross proceeds to reach $840,000, before […]
Truvian Sciences raises $27m as it tries to succeed where Theranos failed
The idea of a benchtop blood testing system only needing a few drops of blood has gotten a bad rap since Theranos’ collapse. But that hasn’t stopped Truvian Sciences from trying to develop its own system. The San Diego–based startup announced earlier this week that it has closed a $27.1 million Series B financing, with […]
Pentax has a duodenoscope meant to reduce superbug fears — and now it’s for sale in the U.S.
Hoya (TYO:7741) subsidiary Pentax Medical has announced the U.S. launch of its DEC HD duodenoscope, which boasts a sterile, disposable elevator meant to reduce reprocessing challenges associated with the device. The news, released yesterday, comes about a week after FDA announced clearance of the Pentax duodenoscope. The DEC HD duodenoscope has been available in global […]
Axonics inks deal to supply SNM system to University of Tennessee Medical Center
Axonics Modulation Technologies (NSDQ:AXNX) announced today that it entered into an agreement to supply its r-SNM (sacral neuromodulation) system to the University of Tennessee Medical Center (UTMC) in Knoxville, Tenn. UTMC has been implanting SNM devices for more than a decade and is one of the first hospitals in the U.S. to use the Axonix r-SNM […]
How much do the world’s biggest medtech companies pay physicians?
The top 50 medical device companies in the world paid physicians and teaching hospitals $690.3 million last year in general payments, according to an analysis of Medical Design and Outsourcing‘s Big 100 and CMS Open Payments data. Medtech companies averaged $17.3 million in general payments to doctors last year, spending an average of 0.2% of […]
Glaukos completes Avedro buy
Glaukos (NYSE:GKOS) today said it completed its acquisition of Glaukos for an undisclosed amount. Avedro develops single-use drug formulations that are designed to strengthen corneal tissues and stop the progression of degenerative corneal ectatic disease keratoconus. Get the full story on our sister site, Drug Delivery Business.
Axonics places $110 million public offering
Sacral neuromodulation device-maker Axonics Modulation Technologies (NSDQ:AXNX) has commenced a proposed public offering worth more than $100 million in shares of its common stock. The offering is placed at $110 million, with Irvine, Calif.-based Axonics expecting to offer $100 million in shares to go along with $10 million in shares offered by selling stockholders. Axonics plans […]