Medical Device Industry News

MassDevice.com +3 | The top 3 medtech stories for July 22, 2014

July 22, 2014 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.

 

Intuitive Surgical's Q2 profits tank but still beat expectations

July 22, 2014 by Arezu Sarvestani

Troubled Intuitive Surgical manages to blow away Wall Street's expectations, even as Q2 profits drop 35% year-over-year.

Intuitive Surgical's profits tank but still beat expectations

California device maker Intuitive Surgical (NSDQ:ISRG) got a major after-hours boost after reporting Q2 numbers that, while still down year-over-year, beat Wall Street's expectations by a mile.

Medicare's Sunshine Act changes could hit device makers in the pocketbook

July 22, 2014 by Arezu Sarvestani

The Centers for Medicare & Medicaid Services proposes 4 changes to physician payment transparency rules that could mean major new costs for medical device makers.

Sunshine: CMS outlines 4 changes to physician payment transparency rules

Medicare regulators are looking for feedback on proposed changes to the laws governing transparency in financial relationships between doctors and healthcare companies, warning that the changes may represent a hefty new cost for medical device makers in particular.

Error: You have no payments from pharma

July 22, 2014 by MassDevice

Doctors checking a soon-to-be-unveiled federal website that will publicly list drug company payments are encountering error messages if they have not accepted industry money.

Error: You have no payments from pharma
(David Sleight/ProPublica)

by Charles Ornstein, ProPublica

The federal government has a word for physicians who don't have financial relationships with pharmaceutical and medical device manufacturers: "Error."

Welch Allyn leads $7M round for Cardiac Insight

July 22, 2014 by Brad Perriello

A $7 million funding round for Cardiac Insight, 1st reported by MassDevice.com, was led by Welch Allyn and includes exclusive global distribution rights, the companies said yesterday.

Welch Allyn leads $7M round for Cardiac Insight

St. Jude lands E.U. nod for flexible ablation catheter

July 22, 2014 by Arezu Sarvestani

Minnesota medtech giant St. Jude Medical touts 1st use of its FlexAbility ablation catheter after landing approval from European regulators.

St. Jude lands E.U. nod for flexible ablation catheter

European regulators put their stamp of approval on St. Jude Medical's (NYSE:STJ) new FlexAbility ablation catheter, paving the way to 1st use of the next-generation device.

SEC dings Misonix investor relations exec for insider trading

July 22, 2014 by Brad Perriello

The U.S. Securities & Exchange Commission dings an outside investor relations executive for Misonix with insider trading charges.

SEC dings Misonix investor relations exec for insider trading

The U.S. Securities & Exchange Commission today dinged an outside investor relations executive with insider trading charges, accusing Kevin McGrath of Cameron Assoc. of "trading on confidential information he learned about two clients while he helped prepare their press releases."

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