FOR IMMEDIATE RELEASE:
MassDevice.com recognizes cutting edge leadership in announcing the CEO Class of 2011
Boston, Mass., May 11, 2011 — MassDevice.com, the online business journal of the medical device industry, is proud to announce the first MassDevice Big 100 Regional Roundtable, recognizing cutting-edge leadership in the medical device field and recognizing its CEO Class of 2011 nominated as innovative leaders by their peers.
ImThera Medical Inc. said its tongue stimulation device for sleep apnea can improve patients' snooze time.
The San Diego-based device maker concluded a European pilot study of its aura6000, an implanted neurostimulation device for treating obstructive sleep apnea (OSA) that delivers electrical pulses to the tongue during sleep.
Medtronic Inc. taps former GE Healthcare chief Omar Ishrak to replace outgoing CEO Bill Hawkins on the heals of rival medical device maker Boston Scientific Corp.'s announcement that chief executive Ray Elliott plans to retire this year.
Medtronic Inc. (NYSE:MDT) named GE Healthcare's former chief, Omar Ishrak, to take over from chairman and CEO William Hawkins, effective June 13.
The news from the Fridley, Minn.-based medical device behemoth came just one day after rival Boston Scientific Corp. (NYSE:BSX) announced that CEO J. Raymond Elliott will be retiring at the end of the year.
In its quest to become a larger player in the global medical device market, Samsung Electronics Co. Ltd. creates a new brand to represent its collaboration with Korea-based diagnostic ultrasound equipment maker Medison Co.: Samsung Medison Co. Ltd.
Samsung Electronics Co. Ltd. (KSE:005930.KS) launched a new corporate identity for medical products created through its collaboration with Korea based ultrasound equipment maker Medison Co.
The combined group, Samsung Medison, has a goal of becoming one of the world's top 4 diagnostic ultrasound firms and, by 2020, aims to have 10,000 employees, according to the company.
The Massachusetts House of Representatives votes to repeal a law requiring medical device and pharmaceutical companies to disclose certain gifts to physicians while banning other gifts altogether.
MASSDEVICE ON CALL — Gift ban: Mass. House votes to repeal law regulating company's gifts to doctors. The Mass. House of Representatives voted to overturn a law that requires that medical device and pharmaceutical companies disclose certain gifts to physicians while banning other gifts altogether.
Commonwealth lawmakers yesterday voted 128-22 in their state budget debate to end the law.
Covidien doubles its vascular sales during its fiscal second quarter, thanks to last year's $2.36 billion acquisition of ev3 Inc.
The flurry of moves Covidien plc (NYSE:COV) made in 2010 are starting to pay off for the Mansfield, Mass.-based medical products conglomerate.
New business from its $2.6 billion ev3 acquisition helped Covidien double its vascular unit's sales during the three months ended March 25, posting revenues of $333 million, up 103 percent over the same period last year. And Covidien saw strong increases in sales of energy devices from the $250 million Somanetics buyout it consummated last July. That division reported a 17 percent increase over Q2 2010.
Covidien plc wins Food & Drug Administration pre-market approval for its DuraSeal Exact Spine sealant device.
Here's a roundup of companies announcing clearances and approvals from the FDA and foreign regulatory agencies. Check out MassDevice's compilation of the latest regulatory news for additional clearances and approvals.