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Update: U.K. issues new alert on Covidien breathing tube recall

September 20, 2012 by MassDevice staff

U.K. health regulators updated an ongoing recall of medical device company Covidien's potentially leaky breathing tubes.

Covidien logo

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.

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Layoffs: Medical device companies cut 2,000 jobs in 2 months

September 14, 2012 by MassDevice staff

Cost-cutting moves by medical device companies have resulted in the loss of more than 2,000 jobs over the past 2 months.

layoff image

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.

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MassDevice.com +3 | The top 3 med-tech stories for Sept. 13, 2012

September 13, 2012 by MassDevice staff

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.

If you read nothing else today, make sure you're still in the know with MassDevice +3.

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Layoffs: Covidien to shutter South Carolina plant, cutting 595 jobs

September 13, 2012 by MassDevice staff

Covidien plans to close a South Carolina manufacturing facility, moving operations to Costa Rica and laying off nearly 600 workers.

Covidien logo

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.

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FDA news: Covidien, Preventice, Precision Spine win FDA clearances

September 11, 2012 by MassDevice staff

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.

510k

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.

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Medical device M&A: Has CEO turnover stymied acquisitions?

September 7, 2012 by MassDevice staff

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.

M&A illustration

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.

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Medtech trends: The most talked about device makers in August 2012

September 5, 2012 by MassDevice staff

MassDevice.com looks at the internet chatter surrounding the medical device industry with some of most searched-for companies of the last month.

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Click to enlarge.

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.

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