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.
3. Cardiac Insight raises $7M
Cardiac Insight reported raising $7.1 million of a hoped-for $9.1 million round for its Stealth atrial fibrillation monitoring patch.
The equity round involved 2 unnamed investors, with the 1st sale coming June 26, according to a regulatory filing. Read more
2. Guidant can’t slip breach-of-contract charges in Johnson & Johnson suit
Boston Scientific subsidiary Guidant lost a bid to toss a breach-of-contract lawsuit brought by Johnson & Johnson after Boston won out in the bidding war over Guidant.
A federal judge in New York yesterday declined to grant Guidant’s sealed motion for summary judgment and gave the parties in the case until July 21 to explain why the documents should be left under seal, according to court documents. Read more
1. Stryker to deal bone growth protein assets to Mariel Therapeutics
Stryker agreed to deal a bone-growth protein to biopharmaceutical firm Mariel Therapeutics, which said it plans to investigate the product as a potential treatment for a variety of conditions.
Financial terms of the deal for Stryker’s bone morphogenetic protein-7 were not disclosed. Read more