The U.S. Federal Trade Commission wants more information about the proposed $4 billion tie-up of BTG (LON:BTG) and Boston Scientific (NYSE:BSX), but the companies said they still expect the merger to close on schedule in mid-2019. In a regulatory filing today, Marlborough, Mass.-based Boston Scientific said yesterday’s FTC request “is focused on the beads businesses of Boston Scientific and […]
GT Medical lands $10m Series A for IsoRay’s GammaTile
GT Medical Technologies said today that it landed a $10 million Series A round for the GammaTile brachytherapy it co-developed with IsoRay (NYSE:ISR) to treat brain tumors. Richland, Wash.-based IsoRay and the Barrow Neurological Institute formed GT Medical to develop the technology to embed Cesium-131 brachytherapy seeds in collagen tiles to treat malignant meningioma, according to regulatory filings, […]
GE gains on Q4 revenue beat, swing to black
GE Healthcare (NYSE:GE) shares got a bump today after the company topped the consensus forecast for its fourth-quarter sales and swung to black ink for the period, with its healthcare business posting modest bottom- and top-line gains. The stock rise came despite a Q4 earnings miss and wider full-year losses for the Boston-based industrial conglomerate. GE […]
Neovasc jumps on Tiara trial news
Neovasc (NSDQ:NVCN) said today that it won approval to advance a clinical trial for its Tiara transcatheter mitral valve replacement, sending its share price up on Wall Street. The Vancouver-based company said it closed out the Phase I requirements for the 115-patient Tiara-II trial in the U.K. and Germany, after several reviews. The Clinical Events Committee […]
Philips faces $69m hit from Trump trade war
The CEO of Royal Philips (NYSE:PHG) told analysts today that the Dutch healthcare giant is looking at a $69 million hit from Donald Trump’s trade war with China, as it transfers hundreds of millions worth of production between the countries. “This is not peanuts,” Frans van Houten said today during a conference call to discuss Philips’ […]
Perfuze raises $3m seed round for Millipede stroke catheter
Perfuze said today that it raised more than $3 million for the Millipede catheter it’s developing to treat ischemic stroke. Although not quite in stealth mode, the Galway, Ireland-based firm is close-mouthed about its technology. CEO Wayne Allen and CTO Liam Mullins (who co-founded Embo Medical before its in 2015, $YY acquisition by C.R. Bard in 2015) founded […]
3M beats expectations, cuts outlook
Profits for the healthcare business at 3M Cos. (NYSE:MMM) were flat during the fourth quarter but up for the year, as the industrial conglomerate topped the consensus forecast today on a soaring bottom line. St. Paul, Minn.-based 3M said its healthcare division put up operating income of $458.0 million on sales of $1.52 billion for […]
AliveCor lands $20m loan from Oxford Finance
AliveCor landed a $20 million loan from Oxford Finance, the investment firm said today. Alexandria, Va.-based Oxford, which specializes in life-science and healthcare plays, said the senior secured loan are earmarked for working capital as Mountain View, Calif.-based AliveCor looks to expand the footprint of its mobile ECG devices. AliveCor makes the KardiaBand, a wrist-worn device […]
Globus Medical lands Anthem coverage win for Secure-C spinal implant
Globus Medical (NYSE:GMED) last week said it won a coverage decision for its Secure-C cervical spine implant from health insurance giant Anthem (NYSE:ANTM). Audubon, Pa.-based Globus said the decision means the device is covered by the major third-party payers in all 50 states. Anthem has more than 73 million lives under its coverage umbrella, according to Globus. The Secure-C […]
Hospitals to medtech: Clean up your cybersecurity act
A consortium of hospital associations wants the medical device industry to up its game when it comes to interoperability and data sharing, especially concerning cybersecurity. The group issued a report this month to make recommendations for all stakeholders in the U.S. hospital care system, including providers, patients, physicians, insurers and industry. The Jan. 18 report, […]
Neurvana Medical alleges Balt sought to ‘sabotage and destroy’ after spinout
Neurvana Medical this month accused Balt International and a pair of its senior executives of reneging on a $16 million deal for its Titan neurovascular catheter in scheme to “sabotage and destroy” Neurvana. The story of the lawsuit, filed Jan. 17 in the Delaware Chancery Court, begins with Balt’s September 2016 acquisition of Blockade Medical, including its Barricade […]
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