Category: Cardica Inc.
Cardica files for 510(k) clearance from the FDA for its MicroCutter Xchange 30 surgical stapling and cutting device.
Redwood City, Calif.-based Cardica (NSDQ:CRDC) said it filed for 510(k) clearance from the FDA for its surgical device.
Cardica and distribution partner Century Medical submit an application to Japanese regulators for Cardica's MicroCutter Xchange 30 cutting and stapling cartridges.
Cardica (NSDQ:CRDC) and its distribution partner Century Medical are shooting for Japanese regulatory approval for the stapling cartridge components of Cardica's MicroCutter Xchange surgical device.
During its 4th quarter Cardica tacked an additional $300,000 in losses to its bottom line, but managed to beat per-share earnings expectations by 1 cent.
Cardica (NSDQ:CRDC) fell further into the red with a 7% increase in 4th quarter losses compared to the same time last year, as well as an almost 20% increase in losses for the full year.
Novadaq says its deal with wound care giant Kinetic Concepts Inc. for the Luna wound imaging device the companies co-developed has come to an amicable end.
Novadaq Technologies (TSE:NDQ) said it and wound care giant Kinetic Concepts agreed to an amicable end to the co-development deal they inked in 2011 for the Luna wound imaging device.
Ocular Therapeutix raises another $24 million for its punctum plugs to treat eye diseases such as glaucoma.
Ocular Therapeutix said it closed a $23.8 million Series D extension round from existing backers for its sustained drug release technology to treat eye diseases.
The Bedford, Mass.-based medical device company said all of its current institutional investors ponied up for the round, including Polaris Ventures, Versant Ventures, SV Life Sciences, Sparta LLC, and Ascension Health Ventures.
Ocular Therapeutix is developing a punctum plug for the entry of the tear duct to release drug therapy to the surface of the eye over several months.
Private equity firm Blackstone Group leads the pack pursuing a buyout of Allscripts, according to Reuters.
Blackstone Group is said to be leading the bidding war for electronic medical records company Allscripts (NSDQ:MDRX) but the 2 sides are far from agreeing on a price, according to Reuters.
Citing 3 "people familiar with the matter," the news agency said a deal is "highly uncertain."
Heritage Foundation analysts count the medical device tax among the top 5 worst "job killers" contained in the Affordable Care Act.
MASSDEVICE ON CALL — Heritage Foundation senior policy analyst Curtis Dubay counts the 2.3% medical device tax among the worst "Taxmageddon" levies, measures prescribed through healthcare reform that the foundation dubbed "major job killers."
Counted alongside small business taxes and increased tax rates on capital gains and dividends, Dubay warned that the levy stands to hurt the industry.