The US District Court for the Central District of California yesterday certified a class of investors suing Staar Surgical (NSDQ:STAA), alleging that it concealed problems at a California plant which resulted in receiving an FDA warning letter. Judge Michael Fitzgerald granted certification to the suing investor group which bought shares in Staar between Nov. 1, […]
Staar Surgical (NSDQ:STAA) said today it won approval from Health Canada’s Medical Devices Bureau for its Evo Visian Toric ICL intraocular lenses. The Evo Visian Toric ICL is designed to be implanted inside the eye between the iris and the natural lens indefinitely to correct vision, Monrovia, Calif.-based Staar Surgical said. “We are very pleased […]
Staar Surgical (NSDQ:STAA) said yesterday that it inked a distribution agreement with India-based EyeQ Vision Private to distribute Staar Evo Visian ICL intraocular lenses as a treatment for refractive vision treatment. The deal includes supplying the lenses to 44 hospitals in north and west India, with plans to increase the number to 70 hospitals, including south and […]
Venture capital firm New Enterprise Associates said today it picked up ex-Medtronic (NYSE:MDT) executive veep Dr. Stephen Oesterle as a venture partner for the firm. Prior to being an executive veep for the medical giant, Oesterle served as senior veep of medicine and technology, and served as a member of the executive committee for 14 years, […]
Staar Surgical (NSDQ:STAA) offered updates on the FDA warning it received in February as it released its quarterly earnings late last month. The company received a warning in February about its plant in Monrovia, Calif., where the company is headquartered. The FDA inspected the Monrovia facility from Nov. 14 last year through Feb. 4, finding 10 […]
Brainscope today announced a number of new assignments to its executive roster, assigning 4 new picks to its c-suite. The Bethesda, Ma.-based neurotech company picked up Dr. Leslie Prichep as chief scientific officer, Kerstin Schultz as president and COO, Angad Singh as chief technology officer, and promoted Laurie Silver to CFO. “These additions to our leadership team will help […]
Toshiba (TYO:6502) proposed the company keep interim CEO Masahi Muromachi on as permanent chief exec after 8 officials resigned due to their roles in an accounting scandal, Japanese media reports. Last week, Toshiba said former board chair Muromachi would temporarily take the reins as chief exec after an independent probe found former CEO Hisao Tanaka was aware […]
ConvaTec, which is rumored to be exploring a sale, said yesterday that it made its interim CEO, former EMEA president Paul Moraviec, to be its new permanent CEO.
Luxembourg-based ConvaTec, which is owned by private equity firms Avista Capital Partners and Nordic Capital, tapped Moraviec to lead its business in Europe, the Middle East and Africa in 2009.