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Medical devices must comply with home healthcare safety and performance standards
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Contract Product Design & Development: Choose a Partner Based on Expertise
In the rapidly evolving landscape of medical device design and development, one of the most important decisions that companies will face is whether to do product development in-house or contract the process to an outside firm. Bringing a new device to market is a complex lifecycle that demands expertise, precision, and adherence to rigorous regulatory […]
Mergers & Acquisitions.
Boston Scientific won’t buy majority stake in M.I. Tech
Boston Scientific (NYSE:BSX) will no longer be acquiring a majority stake in Korea-based medical device manufacturer M.I. Tech. The Marlborough, Massachusetts-based company announced plans to acquire a 64% stake in M.I. Tech in June 2022. It valued the deal at approximately $230 million. At the time, the company expected to close the transaction by the end […]
Medtronic to acquire wearable insulin patch maker EOFlow for $738M
Medtronic (NYSE:MDT) announced today that it entered into a set of agreements to acquire insulin delivery technology developer EOFlow. Seongnam, South Korea-based EOFlow develops the EOPatch — a tubeless, wearable and fully disposable insulin delivery device. EOFlow already launched its EOPatch insulin delivery system in Korea and Europe. The company submitted the insulin delivery device […]
Bioventus completes wound business divestiture
Bioventus (Nasdaq:BVS) announced today that it successfully completed the divestiture of its wound business to LifeNet Health. Earlier this month, the Durham, North Carolina-based company announced an agreement to divest the business to LifeNet. The sale includes Bioventus’ skin substitutes, TheraSkin and TheraGenesis. The transaction includes a total cash consideration of $85 million. That features […]
Medtronic and Johnson & Johnson reportedly consider Shockwave acquisition
Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) are interested in acquiring Shockwave Medical (Nasdaq:SWAV), according to a StreetInsider.com report citing an unnamed source. The financial news website did not say how the source knows the information or why they are not being identified by name. “We don’t comment on rumors or speculation,” Medtronic spokesperson Erika […]
Bioventus divests wound business to LifeNet Health
Bioventus (Nasdaq:BVS) announced today that it signed a definitive agreement to sell its wound business to LifeNet Health. Durham, North Carolina-based Bioventus’ sale includes its skin substitutes, TheraSkin and TheraGenesis. The transaction includes a total cash consideration of $85 million. That features $35 million at close, $5 million deferred 18 months and $45 million in […]
Baxter to divest its BioPharma Solutions business for $4.25B
Baxter continues to streamline, announcing today that it will sell its pharma and biotech contract manufacturing business. The Deerfield, Illinois-based medtech company — maker of diagnostic, critical care, kidney care, nutrition, hospital and surgical products and services — will sell its BioPharma Solutions (BPS) business to private equity firms Advent International and Warburg Pincus. Baxter […]
Henry Schein to acquire dental implant manufacturer SIN Implant System
Henry Schein today announced it would acquire dental implant manufacturer SIN Implant System from Southern Cross Group, an independent private equity fund manager focused in Latin America. The financial details of the deal were not disclosed. SIN is a growing dental implant manufacturer and provider in Brazil. The acquisition would mark Henry Schein’s entry into […]
