Medical Device Industry News

St. Jude Medical settles Riata, shareholder suits for $64m

February 27, 2015 by Brad Perriello

St. Jude Medical agrees to settle product liability lawsuits filed over its recalled Riata defibrillator leads and a class-action shareholder's suit accusing it of inflating results for its 2009 3rd quarter.

St. Jude Medical settles Riata, shareholder lawsuits for $64m

Royal Oak claims 'repless' generic sales model saves $100k a year

February 27, 2015 by Brad Perriello

Royal Oak Medical Devices touts its 'repless' generic sales model, saying it can save its hospital customers more than $100,000 a year on their orthopedic implant spends.

Royal Oak claims 'repless' sales model saves $100k a year

Royal Oak Medical Devices says it can save its hospital customers more than $100,000 a year on their orthopedic implant spends, using its so-called 'repless' generic sales model.

Teleflex expands Class 1 recall, posts Q4 earnings beat

February 27, 2015 by Val Kennedy

Teleflex expands a Class I recall for Maquet Servo 163 humidifiers and beats expectations with its 4th-quarter earnings on the strength of 45% profit growth.

Teleflex expands Class 1 recall for Maquet tracheotomy device

Nikon pushes into medtech with $400 mln Optos acquisition

February 27, 2015 by MassDevice

Nikon, best known for its cameras, moves into medtech with Optos buy

Optos

(Reuters) - Nikon, the 98-year-old Japanese company best known for its cameras, has agreed to buy British retinal imaging firm Optos for 259.3 million pounds ($400 million) as it moves into the medical sector.

Nikon has previously said it intended to enter the medical sector to leverage its optical technologies and the Japanese group sees buying Optos as an important step in that long-term growth plan.

Kazuo Ushida, president of Nikon, said the company would expand the medical business further in the future.

GE Healthcare warns on 30 years worth of MRI scanners

February 27, 2015 by Mark Hollmer

A single human error in India prompts GE Healthcare to issue a warning on 30 years worth of its MRI scanners.

GE Healthcare warns on 30 years worth of MRI scanners

MassDevice.com +3 | The top 3 medtech stories for February 26, 2015

February 26, 2015 by MassDevice

Plus 3

Say hello to MassDevice +3, a bite-sized view of the top three medtech 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.

 

Staar Surgical posts Q4, 2014 losses

February 26, 2015 by Brad Perriello

Staar Surgical posts net losses for the 4th quarter and 2014 but comes close to meeting earnings expectations and discloses a 'voluntary hold' on a couple thousand of its implantable collamer lenses due to a manufacturing snafu.

Staar Surgical post Q4, 2014 losses