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Haemonetics closes $10m sale of S.C. plant

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Haemonetics (NYSE:HAE) yesterday closed the $10 million sale of a plant in South Carolina to CSL Plasma. The Union, S.C., facility makes the liquid saline and sodium citrate solutions used in plasma collection. CSL Plasma, the supplier for CSL Behring, will own and operate the plant, took on “substantially all” of the roughly 200 Haemonetics employees […]

EuroPCR 2019: Medtronic touts three-year registry data for Symplicity RDN

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Medtronic (NYSE:MDT) this week presented three-year data from a registry study of its Symplicity  renal denervation device for treating high blood pressure. Results from the 2,600-patient trial, which has 2,300 patients past the three-year mark, showed that ablation of nerves lining the renal arteries lowered in-office blood pressure measurements by 16.5mm Hg and cut ambulatory blood […]

Catalyst OrthoScience raises $13m for total shoulder replacement

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Catalyst OrthoScience said today that it raised nearly $13 million for the total shoulder replacement device it developed. The $12.7 million oversubscribed Series C-1 round was led by River Cities Capital Funds, Naples, Fla.-based Catalyst said. “This funding will be instrumental in fueling rapid growth for Catalyst through increased inventory, expanded distribution and new product development,” […]

Haemonetics deals S.C. plant to CSL Plasma for $10m

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Haemonetics (NYSE:HAE) said today that it agreed to sell a plant in South Carolina to CSL Plasma for $10 million. The Union, S.C., facility makes the liquid saline and sodium citrate solutions used in plasma collection. CSL Plasma, the supplier for CSL Behring, will own and operate the plant, taking on “substantially all” of the roughly […]

Balt wins CE Mark for Titan aspiration catheter

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Balt said yesterday that it won CE Mark approval in the European Union for the Titan aspiration catheter. The catheter dates back to the September 2016 acquisition of endovascular device developer Blockade Medical and its Barricade coil. Blockade’s facility in Irvine, Calif., became the headquarters for Balt’s new American subsidiary, with Blockade co-founder, president & […]

HealthpointCapital takes majority stake in CrossRoads Extremity Systems

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CrossRoads Extremity Systems said today that  HealthpointCapital took out a majority stake for an undisclosed amount. The New York City-based private equity firm, which specializes in musculoskeletal plays, aims to fuel rapid growth via  market expansion and bolt-on acquisitions, Memphis-based CrossRoads said. The company makes a line of foot and ankle repair devices that use […]

Abiomed wins expanded, 14-day indication for Impella pumps

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Abiomed (NSDQ:ABMD) said today that it won an expanded indication from the FDA for two of its Impella heart pumps, extending their indwell times from six to 14 days. The federal safety watchdog’s decision affects the Impella 5.0 and Impella LD devices used to treat cardiogenic shock, Danvers, Mass.-based Abiomed said. The company won the […]

Ex-Abiomed exec looks to keep wrongful termination suit alive

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A former Asia VP for Abiomed (NSDQ:ABMD) is hoping to keep a wrongful termination lawsuit alive in a U.S. federal appeals court. In January Keisuke Suzuki lost a lawsuit seeking $2.1 million in damages for unfair termination and denial of an options deal tied to Japanese approval of Abiomed’s Impella heart pump. The Danvers, Mass.-based company […]

Histogenics completes transformation into Ocugen with $7m deal for NeoCart

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UPDATED May 14, 2019, with comment from Medavate. Histogenics (NSDQ:HSGX) said today that it completed another step on its transformation into clinical-stage biopharmaceutical company Ocugen, with a nearly $7 million deal to sell its NeoCart regenerative knee treatment to Medavate. The $6.5 million all-cash deal, signed May 8, will see all of the NeoCart assets pass […]

Stealthy Route 92 Medical raises $13m

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Stealthy catheter developer Route 92 Medical, which is developing a catheter to treat stroke, last week said it raised nearly $13 million in an equity round. Founded in 2015, San Mateo, Calif.-based Route 92 won 510(k) clearance from the FDA a year ago for a percutaneous catheter. The company holds U.S. patents for treating acute […]

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