MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

Home » Analyst says BSX may take CRM lead | Medtech Wall Street news for the week of September 29, 2014

Analyst says BSX may take CRM lead | Medtech Wall Street news for the week of September 29, 2014

By

Analyst: Boston Scientific could take CRM lead

September 25, 2014 by Alexander Soule

Analyst: Boston Scientific could take pacer lead

Boston Scientific might lack a truly leadless pacemaker, unlike rivals Medtronic and St. Jude Medical, but it still might be in the best position to gain share in the cardiac rhythm management market, according to Leerink Swann analyst Danielle Antalffy.

Traditional pacemakers are inserted adjacent to the heart and use “leads” to deliver impulses to maintain regular heartbeat. St. Jude acquired a “leadless” pacemaker when it acquired Nanostim in October 2013, with Medtronic seeking approval for its own Micra version of the the technology. Read more

Orthofix CFO bails after 6 months amid deepening financial fix

September 25, 2014 by Alexander Soule

Orthofix CFO bails after 6 months amid financial fix

Orthofix CFO Mark Heggestad is stepping down just 6 months into his tenure, even as the medical device company’s 3-year financial restatement yesterday deepened on new problems with its inventory controls.

Orthofix promoted its chief accounting officer Doug Rice to replace Heggestad, who took over May 9 from interim CFO David Ziegler. Longtime CFO Emily Buxton had been replaced in April after a decade as Orthofix’s financial chief. Heggestad, who is slated to stay on as an outside consultant, is leaving due to “personal circumstances,” Orthofix said. Read more

Fourth time's the charm: pSivida, Alimera jump on FDA nod for Iluvien

September 29, 2014 by Brad Perriello

Fourth time's the charm: pSivida, Alimera jump on FDA nod for Iluvien

After 3 rejections, the FDA approved the Iluvien diabetic macular degeneration drug/device treatment co-developed by Alimera Sciences and pSivida, sending both companies’ stock up today on Wall Street.

Iluvien, an injectable implant, was approved to treat DME, a swelling on the back of the retina that in the most severe cases can lead to blindness. It’s a tiny cylinder implanted in the back of the eye that’s designed to deliver small doses of a corticosteroid, fluocinolone acetonide, for 36 months. Read more

Echo Therapeutics is on the ropes

September 25, 2014 by Alexander Soule

Echo Therapeutics is on the ropes

After warning in August it had sufficient capital to last it only until November, Echo Therapeutics abruptly suspended operations, saying its cash resources will be drained by the end of September and raising the specter of a bankruptcy filing.

Philadelphia-based Echo Therapeutics has been developing a wireless system it calls Symphony for the continuous monitoring of blood glucose levels in hospitals.  Read more

Activist investor erupts at Volcano

September 30, 2014 by Alexander Soule

Activist investor erupts at Volcano

A California activist investor upped its pressure on Volcano yesterday, scolding the company for its $115 million AtheroMed acquisition and missing chances to sell itself at a premium, and threatening a move to oust chairman Ron Matricaria and CEO Scott Huennekens.

San Diego-based Volcano makes precision-guided medical devices, including intravascular ultrasound systems to gauge potential blockages in blood vessels, and functional measurement guidewires to analyze pressure and flow parameters from inside a vessel. Read more

In case you missed it

RSS From Medical Design & Outsourcing

  • A closer look at a microrobot that could treat a rare brain malformation
    Los Angeles–based startup Bionaut Labs emerged from stealth mode earlier this year to announce its intent to use drug-filled microrobots to treat certain cancers. The company has now secured a humanitarian use device designation from FDA to use a microrobot known as BNL-201 to treat Dandy-Walker syndrome, a rare brain malformation. In 1914, neurosurgeon Walter… […]
  • Heraeus buys Mo-Sci and ETS Technology Holdings
    The Heraeus Group has a deal to acquire Mo-Sci Corp. and ETS Technology Holdings, the Germany-based conglomerate announced this week. Mo-Sci is a supplier of glass microspheres, fibers and powders for medical devices, while ETS is the developer of bioactive glass fiber wound care product Mirragen, an FDA-cleared resorbable synthetic skin substitute. The companies —… […]
  • Medical Alley appoints new CEO
    The Medical Alley Association announced today that it appointed Roberta Dressen as its new president and CEO. Dressen takes over the position previously held by Shaye Mandle since 2014 before he announced his departure for the Biotechnology Innovation Organization (BIO) in February. Steffen Hovard served as interim CEO in the time since then. Get the full… […]
  • Westfall Technik names Mark Gomulka as CEO
    Westfall Technik’s board of directors has nominated Mark Gomulka to lead the company. Gomulka joined the Las Vegas–based plastics manufacturer as SVP in January 2020. Before that, he led Flex’s medical and precision plastics operations for five years and earlier spent 15 years at Nypro in various global operational and leadership roles. In those positions… […]
  • The MedTech Conference by AdvaMed to be a mixture of in-person and virtual
    To hold an event or not to hold a live event. Medtech trade association AdvaMed chose both for The Medtech Conference, which takes place next week. The September 27–30 conference includes a mixture of virtual presentations and in-person events in Washington, D.C., and Minneapolis. AdvaMed CEO Scott Whitaker mentioned several conference agenda highlights during a… […]
  • Varta launches online battery monitoring feature
    Battery maker Varta has launched a cloud computing feature to let customers remotely monitor battery charging, health and the temperature of the battery management system. While Varta makes microbatteries for medical devices such as hearing aids, the new online monitoring dashboard is meant for its “Easy Block” and “Easy Blade” modular smart batteries. The smart… […]
  • Bionaut Labs wins humanitarian use device designation to treat rare pediatric brain disorder
    Microrobotics startup Bionaut Labs has announced that FDA has granted a humanitarian use device designation for the device known as BNL-201 to treat Dandy-Walker syndrome, a congenital brain malformation affecting the cerebellum. According to the National Organization for Rare Disorders, the syndrome affects one out of every 25,000 to 35,000 live births. There are currently… […]
  • Integer plans $30 million innovation and manufacturing facility in Galway
    Integer Holdings Corp. (NYSE: ITGR) plans to build a medical device innovation and manufacturing facility in the Parkmore East area of Galway, Ireland. Plano, Texas–based Integer said the initial phase of the project will total 60,000 square feet and a $30 million investment over the coming years, with construction scheduled from 2022 to late 2023… […]
  • Accu-Tube appoints Matthew Haddle as CEO
    Accu-Tube today announced that it has appointed Matthew Haddle as its new CEO. Prior to joining the Englewood, Colorado-based company, Haddle was GM of industrial coating services and equipment at Praxair Surface Technology. He has also held senior management positions at Albany Engineered Composites and Accellent. Get the full story on our sister site, Medical… […]
  • LightDeck picks GS Plastic Optics for COVID-19 test ramp up
    LightDeck Diagnostics has selected GS Plastic Optics to make optical components for its new COVID-19 antibody testing platform. Boulder, Colorado–based LightDeck developed a screening platform to deliver results as quickly as five minutes for SARS-CoV-2 ultra-rapid antigen and COVID-19 total antibody tests, using a laser waveguide with a consumable cartridge for each testing sample.  Rochester,… […]
  • Hologic’s first Global Women’s Health Index flags preventative care for improvement
    An estimated 1.5 billion women have not been tested in the past year for critical diseases, according to Hologic’s first Global Women’s Health Index. On behalf of diagnostic maker Hologic, the Gallup World Poll surveyed more than 60,000 women and girls (age 15 and older) across the world to measure action and attitudes about women’s… […]

Leave a Reply