Category: Accuray Inc.
PerkinElmer Inc.'s first quarter profits drop nearly 4 percent despite the company's double digit sales gains; company announces acquisition of genetic analysis software firm Geospiza Inc.
MassDevice keeps a close eye on public medical device companies, tracking their quarterly sales and earnings reports. For the most recent filings, check out our Earnings Roundup, where we collect each quarter's reports.
Here's a quick rundown of a few releases over the past couple days:
GE Healthcare enters takeover deal for cellular imaging company Applied Precision Inc.
GE Healthcare is looking to boost its life sciences portfolio with the acquisition of a cellular imaging firm.
The General Electric Co. (NYSE:GE) unit is planning to buy Seattle area Applied Precision Inc. in a bid to expand its research products and services offering for the pharmaceutical and life science industries, the company said.
Regulatory documents reveal how a struggling TomoTherapy ended up in the hands of Accuray Inc. for a slim 0.66 percent multiple of its 2010 revenues.
Like so many romances, the impending $277 million marriage between Accuray Inc. (NSDQ:ARAY) and TomoTherapy Inc. (NSDQ:TOMO) began on the shores of the Mediterranean, in the beautiful city of Barcelona.
New details on the merger of Accuray and TomoTherapy show similar companies with very different results.
The $300 million engagement of Accuray Inc. (NSDQ:ARAY) and TomoTherapy Inc. (NSDQ:TOMO) might be a case where the fish ate the whale.
A federal judge in California dealt blows to both sides in a patent infringement dispute over spinal implant technology between several Medtronic Inc. (NYSE:MDT) subsidiaries and NuVasive Inc. (NSDQ:NUVA).
A former sales director for Exactech Inc. lands five years' probation and $56,000 in fines after pleading guilty to a kickbacks scheme with orthopedic surgeons.
A former sales rep for Exactech Inc. avoided prison but landed five years' probation and $56,000 in fines after pleading guilty to setting up a kickbacks scheme to encourage orthopedic surgeons to use the company's hip and knee implants.
Judge Garrett Brown of the U.S. District Court for New Jersey handed down the sentence to Douglas Donofrio, the former New York-area sales director for the Gainesville, Fla.-based company. Donofrio pleaded guilty to running the scheme between 2002 and 2008.
A federal judge in Pennsylvania tosses the charges against four former Best Medical International executives, accusing them of stealing trade secrets Accuray allegedly used to develop its CyberKnife device, but lets patent infringement charges stand against Accuray.
A federal judge tossed the charges against four former Best Medical International Inc. executives accusing them of stealing trade secrets, but let stand patent infringement charges against Accuray Corp. (NSDQ:ARAY).