Welcome to the latest edition of the MassDevice.com's D+Vice Talk, our new webcast, in which we review medical device stories from the last week.
Masimo offers $1 million to any hospital that proves that its Masimo SET pulse oximeters are less accurate that Covidien's Nellcor devices.
A list of some of the tax tabs for medical device companies for the medical device excise tax during Q1
In January 2013, Medical device companies began paying a 2.3% excise tax on U.S. Sales in order to pay for the Patient Protection and Affordable Care Act.
The levy is expected to generate some $30 billion over the next 10 years.
MassDevice.com is tracking the tally paid by several medical device companies, based on quarterly earnings report for the first quarter of 2013. We will update the list as more companies returns file in.
Tallies based on companies with Q1 earnings ended on March 31, 2013
FDA regulators give Masimo a nod for its Rainbow acoustic monitoring sensor for pediatric use.
The FDA granted 510(k) clearance to Masimo (NSDQ:MASI) for its Rainbow acoustic monitoring sensor for use in children.
Previously cleared for adults, the device can now be used in the U.S. to monitor the respiration rate of pediatric patients.
Shares of medical device company Masimo gain on solid 1st-quarter sales and earnings and affirmed sales guidance for the rest of 2013.
Masimo (NSDQ:MASI) shares are up following the Irvine, Calif.-based medical device company's solid 1st-quarter results, gaining some 7% since last week's earnings announcement.
Masimo, which makes patient monitoring equipment, posted profits of $16.4 million, or 28¢ per share, on sales of $135.9 million during the 3 months ended March 30, for bottom-line growth of 4.1% and a top-line gain of 14.0%.
Medical device company Masimo closes the year strong with an 18% bump in Q4 sales, but 2012 profits slip 2%.
Masimo (NSDQ:MASI) shares are down more than 1% since the medical device company reported its full-year and 4th-quarter results Feb. 14.
A New Jersey cardiologists admits to collecting more than $100,000 in illegal kickbacks for MRI and computed tomography referrals.
MASSDEVICE ON CALL — New Jersey cardiologist Dr. Shashi Agarway last week admitted to collecting more than $100,000 in kickbacks for referring patients for imaging diagnostic exams.
Agarway pleaded guilty to referring patients for MRI and computed tomography scanning at Orange Community MRI in exchange for cash. He told regulators that he received $100 for each Medicare or Medicaid patient he referred for MRI scanning and $50 for each CAT scan.