Recent feedback from several regulatory agencies has demonstrated increased … [Read More...]
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Surgical device development: New insights from the operating room
Successful surgical device development is dependent on teasing out, … [Read More...]
New Requirements for Medical EMC: IEC 60601-1-2 Edition 4
Plan now to ensure your medical devices comply with new EMC requirements by … [Read More...]
How to Ramp Up Bioabsorbable Production While Decreasing Piece Part Price
When OEMs prepare to increase production volume of a micromolded component, … [Read More...]
Mergers & Acquisitions.
MiMedx divests Stable Biologics subsidiary in transition to focus on biopharma
MiMedx (NSDQ:MDXG) said today it inked a definitive agreement with the former shareholders of Stability Inc. to divest itself of Stability Biologics, which it acquired last January. The Marietta, Ga.-based company said the divestiture is part of its plan to transition back into a biopharmaceutical-focused company. “The transaction is expected to be completed in the 3rd […]
Straumann Group to acquire ClearCorrect for $150m
Clear orthodontic corrective device maker ClearCorrect said today it inked a deal to be acquired by Straumann Holding for approximately $150 million. The Round Rock, Texas-based orthodontic device company said it would continue to operate out of its Texas headquarters under its ClearCorrect name, and that the acquisition will allow it to improve and expand the […]
Minnesota Supreme Court allows shareholder suit over Medtronic-Covidien merger
Updated to clarify that MDT officers and directors were compensated for excise-tax based liabilities related to stock options, and not for capital gains. Medtronic (NYSE:MDT) shareholders seeking to sue the company claiming they were harmed by its $50 billion corporate inversion merger with Covidien will get their chance in court, the Minnesota Supreme Court ruled […]
Google acquires smartphone health dx startup Senosis Health
Google has acquired Seattle-based digital health startup Senosis Health for an undisclosed amount, according to a report from Geekwire. Senosis Health was founded by University of Washington computer scientist Shwetak Patel, aiming to use smartphones as patient monitoring devices, collecting health metrics and providing services such as diagnosing pulmonary function, hemoglobin counts and other critical health […]
Abbott extends Alere tender offer
Abbott (NYSE:ABT) said today it is extending a tender offer for all outstanding Alere (NYSE:ALR) Series B convertible perpetual preferred stock shares at $402 per share. As part of the offering, Abbott said it will also pay for unpaid dividends to the settlement date of the tender offer in cash, without interest and subject to applicable taxes. […]
Philips closes $2B Spectranetics acquisition
Royal Philips (NYSE:PHG) said yesterday it closed its $2.2 billion deal to acquire US vascular intervention device maker Spectranetics (NSDQ:SPNC). With the closure, Spectranetics and its financial results will be consolidated into Philips image-guided therapy business, the company said. Philips said that Spectranetics employs over 900 individuals and is currently posting double-digit growth, with projected 2017 sales […]
Canadian court OKs Stryker’s $700m Novadaq buy
A court in Canada approved the pending, $700 million acquisition of Novadaq Technologies (TSE:NVDQ) by Stryker (NYSE:SYK). Mississauga, Ontario-based Novadaq, which makes a line of fluorescence imaging technology, said the Ontario Superior Court of Justice issued a final order approving the deal. Canadian and U.S. anti-trust regulators must still grant their approvals before the deal can be consummated, expected during […]
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