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Insights Into Drug Delivery Device Manufacturing From Development Through Commercialization
Biologics and other targeted therapies are creating opportunities for … [Read More...]
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Putting patients first – e-consent in clinical trials
Medical device developers do not always consider the process of informed consent for clinical trials, since it is often handled at the trial site. But the industry is changing, and digitizing … [Read More...]
Preparing for EU MDR Product Submissions: A Sustainable Approach
By Michelle Boucher, VP of Research for Tech-Clarity Every medical device company wanting to do business in Europe must comply with the new EU MDR regulation. Yet this is no small feat considering … [Read More...]
Silicone Materials for Long-term Medical Implants: Innovate for the Future
By Feifei Lin, Ph.D., Business Development Manager, Healthcare, Elkem Silicones USA Corp. With the growth of the aging population, the number of age-related diseases has increased. Every year … [Read More...]
Mergers & Acquisitions.
PE firm Altus Capital buys ChoiceSpine
Investment firm Altus Capital Partners said today it acquired spinal implant maker ChoiceSpine for an undisclosed amount. Knoxville, Tenn.-based ChoiceSpine develops spinal products including minimally invasive cervical, thoracolumbar, interbody lateral and biologics kits and implants, the groups said. “We recognize the need in the medical technology space for proven spinal products that can enhance the […]
Mazor Robotics shareholders OK $1.6B Medtronic merger
Mazor Robotics (NSDQ:MZOR) said that its shareholders yesterday approved the $1.6 billion merger with Medtronic (NYSE:MDT). The Caesarea, Israel-based company said roughly 53% of its shares were represented in the vote, with about 95% of those cast in favor of the $58.50-per-ADR-share deal. The world’s largest medical device maker has held a position in Mazor, which makes the Mazor […]
Boston Scientific offers $4B for BTG
Boston Scientific (NYSE:BSX) said today that it agreed to offer roughly $4.24 billion to acquire British medical device maker BTG (LON:BTG). The £8.40-per-share offer, worth about £3.3 billion, is a 36.6% premium over BTG’s closing price yesterday and a 51.0% premium over the stock’s 90-day volume-weighted average price, the London-based company said. BTG’s largest division makes devices for oncology […]
Colfax slides on $3.2B DJO Global buy, plan to ditch air & gas handling biz
Colfax (NYSE:CFX) shars took a hit today after the industrial giant offered $3.15 billion to acquire orthopedics company DJO Global and said it plans to sell off its air & gas handling business. Vista, Calif.-based DJO, which is owned by a private equity consortium headed up by Blackstone, last week posted losses of -$29.5 million on sales of […]
GE divests $1.5B in healthcare equipment loan portfolio to TIAA Bank
General Electric (NYSE:GE) has divested a portfolio of its healthcare equipment leases and loans from its GE Capital Healthcare Equipment Finance biz to TIAA Bank in a $1.5 billion deal as GE looks to trim down and narrow its focus, the companies said today. Jacksonville, Fla.-based TIAA Bank said today that the acquisition will expand its […]
Merit Medical closes $200m Cianna Medical buy
Merit Medical (NSDQ:MMSI) said yesterday that it closed its $200 million acquisition of Cianna Medical, making the company a wholly-owned subsidiary. Aliso Viejo, Calif.-based Cianna makes the Savi Scout wire-free breast tumor localization system, designed to produce audible and visual indicators surgeons can use to tag cancerous tissue during lumpectomy and biopsy procedures. The device won 510(k) clearance from […]
ResMed closes $750m MatrixCare buy
ResMed (NYSE:RMD) said today that it closed the $750 million acquisition of MatrixCare and its post-acute-care software. The San Diego-based respiratory care giant said it funded the buyout, which represents a 25x EBITDA multiple, using its credit facility. Bloomington, Minn.-based MatrixCare put up sales of $122 million last year, ResMed said. “We’re all excited to have quickly closed this important […]
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