Ablative Solutions tapped 30-year industry veteran Kate Rumrill, the former chief executive at NeoSync, to be its new president & CEO. Rumrill, whose resume includes stints at Covidien, Aspect Medical Systems and Eli Lilly, is slated to keep her seat on NeoSync’s board, San Jose, Calif.-based Ablative Solutions said. The company makes the Peregine renal […]
First state AG suit over pelvic mesh heads to trial
The first lawsuit filed by a state attorney general, California’s Xavier Becerra, over pelvic mesh products went to trial yesterday in San Diego. The lawsuit alleges that Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon concealed the potential risks of pelvic mesh from the public and physicians. It’s the first of several lawsuits brought by state AGs […]
Neocis raises $30m for Yomi robot-assisted dental surgery device
Neocis yesterday said it pulled down $30 million for the Yomi robotic guidance system for dental implant procedures it developed. Miami-based Neocis, which won 510(k) clearance from the FDA for Yomi in 2017, said it plans to use the proceeds on commercialization and R&D. Existing investors, including Mithril Capital Management, backed the round, joined by […]
Johnson & Johnson ticks up on Q2 beats, raised sales outlook
Johnson & Johnson (NYSE:JNJ) shares ticked up in pre-market trading today after the healthcare conglomerate posted second-quarter results that beat expectations and raised its sales outlook for the rest of the year. New Brunswick, N.J.-based J&J reported profits of $5.61 billion, or $2.08 per share, on sales of $20.56 billion for the three months ended […]
Intuitive Surgical grabs supplier Schölly Fiberoptic’s robotic endoscope biz
Intuitive Surgical (NSDQ:ISRG) said yesterday that it paid an unspecified amount to buy Schölly Fiberoptic‘s robotic endoscope business. Denzlingen, Germany-based Schölly, a 20-year supplier for Intuitive, designed and manufactured several imaging systems for Intuitive’s flagship da Vinci surgical systems. The vendor relationship is slated to continue with Schölly’s fiberoptic business, Intuitive said. The deal includes Schölly’s […]
Medtronic prices nearly $5B in debt tender
Medtronic (NYSE:MDT) yesterday priced a pair of debt tender offers at nearly $5 billion, raising the cap on two sets of senior notes. Last week the Fridley, Minn.-based medical device giant closed a senior notes offering worth €5.0 billion that it’s planning to use to cover the tender offers, after raising the top end of one tender to more […]
Trump reveals plan to overhaul kidney disease care
The Trump administration yesterday revealed its plan to overhaul the way kidney disease is treated in the U.S., looking to increase early detection and emphasize transplants and home hemodialysis instead of in-clinic treatment via executive order. Shares of dialysis providers DaVita Healthcare (NYSE:DVA) and Fresenius (NYSE:FMS) took a hit earlier this week on news of the changes. The executive […]
TransEnterix deals AutoLap assets for $47m
TransEnterix (NYSE:TRXC) said today that it dealt the AutoLap assets acquired last year along with Medical Surgery Technologies to Great Belief International for $47 million. AutoLap is an image-based scope positioning system for laparoscopic procedures. Last October, Research Triangle Park, N.C.-based TransEnterix paid $5.8 million up front to MST for 3.15 million shares of the Yokneam, Israel-based […]
These medical devices are exempt from the Trump tariffs on China
The U.S. yesterday exempted several categories of medical devices from the 25% tariffs imposed on Chinese goods by the Trump administration, including surgical, radiotherapy and dental devices. The Office of the U.S. Trade Representative said the new exclusions are retroactive to July 6, 2018, when tariffs went into effect on some $34 billion in imports […]
Obalon slashes debt, raises $9m for weight loss balloon
Obalon Therapeutics (NSDQ:OBLN) said today that it slashed its debt load and added nearly $9 million to its coffers as it pivots toward a retail strategy. In April the Carlsbad, Calif.-based company, which makes a gas-filled balloon designed to treat obesity, revealed plans to lay off 50% of its employees, including all of its direct sales force, as it […]
Hillrom deals surgical consumables biz to Audax for $170m
Hillrom (NYSE:HRC) said today that it inked a deal to sell its surgical consumables business to private equity shop Audax for $170 million in cash. Chicago-based Hillrom, fresh from a May rebranding, said the lines being sold to Audax include its Bard-Parker scalpels and blades and other operating room accessories. The surgical consumable unit’s 500 […]
- 1
- 2
- 3
- …
- 493
- Next Page »
MassDevice Network
@MassDevice
LinkedIn
YouTube