U.K. health regulators updated an ongoing recall of medical device company Covidien's potentially leaky breathing tubes.
The U.K.'s Medicines & Healthcare products Regulatory Agency issued a new alert on an ongoing recall of Covidien's (NYSE:COV) cuffed Shiley tracheostomy tubes, urging healthcare providers to identify and quarantine the devices as soon as possible.
Cost-cutting moves by medical device companies have resulted in the loss of more than 2,000 jobs over the past 2 months.
Medical device companies are molting at a reptilian rate, shedding more than 2,000 jobs over the past 2 months as they look to slash costs across the board.
Several of the med-tech companies that are scrapping jobs say the 2.3% medical device excise tax in the Patient Protection and Affordable Care Act, slated to begin in January 2013. Others deny that the tax is the sole cause of their moves, saying it's a factor but not determinative.
Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This feature of MassDevice.com's coverage highlights our 3 biggest and most influential stories from the day's news to make sure you're up to date on the headlines that continue to shape the medical device industry.
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Covidien plans to close a South Carolina manufacturing facility, moving operations to Costa Rica and laying off nearly 600 workers.
Covidien (NYSE:COV) will close a manufacturing facility in Seneca, S.C., and move the operation to Costa Rica, resulting in nearly 600 layoffs.
The Seneca facility manufactures vascular products for the Mansfield, Mass.-based medical device company.
The FDA clears Covidien's LigaSure surgical tool, a wireless cardiac monitor from Preventice and Mayo Clinic and a new spinal plating system from Precision Spine.
A trio of medical device companies won nods from the FDA's Center for Devices & Radiological Health this week, including a surgical sealer, a wireless cardiac monitor and a spinal plating system
Covidien (NYSE:COV) said it won 510(k) clearance from the FDA for its LigaSure surgical sealer/divider for ear, nose and throat procedures.
Some of the world's largest medical device companies have swapped CEOs in the last couple of years, which may have had a hand in slowing merger and acquisition activity to a 3-year low.
Medical device mergers & acquisition activity is as scarce in 2012 as during the global financial meltdown in 2009, perhaps because of a concurrent flurry of CEO turnovers.
medtech companies have announced $20 billion worth of deals so far for 2012, less than half of the $53.32 billion worth posted in 2011, according to a Thomson Reuters report.
MassDevice.com looks at the internet chatter surrounding the medical device industry with some of most searched-for companies of the last month.
MassDevice.com looked at some of the most talked-about medical device companies, based on trends in U.S. Google searches for the last 30 days.