Surgical robotics remains a hot area in medtech — even as it faces headwinds from the COVID-19 pandemic. Intuitive Surgical (NSDQ:ISRG) pioneered robotic surgery through the early 2000s and remains the dominant player, but major companies including Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) have big plans to enter the space and compete. Meanwhile, Stryker (NYSE:SYK) has built a […]
The top 5 MassDevice stories of the week — September 18, 2020
The past week in medtech saw a major IPO and a grim reminder about the importance of cybersecurity. Want to hear more about the week’s top news? Executive editor Chris Newmarker and Tom Salemi will discuss the week’s “Newmarker’s Newsmakers” during our DeviceTalks Weekly podcast. Without further ado, here’s this week’s MassDevice Top Five: 5. […]
A hospital ransomware attack may have caused a death in Germany
State authorities in North Rhine-Westphalia are investigating whether a hospital ransomware attack resulted in negligent homicide, according to a report by the German public broadcaster DW. Media reports say this may be the first time that a hospital cyberattack has caused a death, even if it was indirectly. Düsseldorf University Clinic had to redirect a […]
Outset Medical IPO raises nearly $278M
Outset Medical (NSDQ:OM) has brought in nearly $278 million from its IPO that closed today, two days after its shares started trading on the Nasdaq. The maker of the Tablo hemodialysis system raised$277.9 million before deducting underwriting discounts and commissions and offering expenses. The nearly 10.3 million OM shares sold at an initial offering price […]
Illumina may buy back Grail
Illumina (NSDQ:ILMN) may acquire Grail for more than $8 billion — four years after it spun out the cancer detection startup. That’s according to a Bloomberg report out yesterday, which cited people familiar with the matter. Analysts told Bloomberg that the acquisition would put Illumina — a giant in the DNA sequencing space — in direct […]
Kodak internal review finds problems but no lawbreaking over pharma loan deal
Shares of Eastman Kodak (NYSE: KODK) are up two-thirds so far this week after a special committee set up by the company’s board found no lawbreaking in controversial stock trades made by top management in the leadup to announcing a $765 million federal government loan to support a shift to pharmaceutical manufacturing. Get the full […]
Moody’s sees higher earnings, increased demand for medical device companies
Moody’s Investors Service announced today that it is changing its outlook for the medical device industry to positive — up from stable. The COVID-19 pandemic previously caused a suspension of non-urgent medical care, but procedure numbers have bounced back, said Moody’s, which expects the positive trend to continue as a result of pent-up demand and […]
Everything you need to know about medical device creation
Medtech development is hard. Medical device creation can require manufacturing know-how in areas as wide-ranging as electrical components, high-performance polymers, molding and machining – and that doesn’t even include the required expertise in design, regulatory requirements and achieving reimbursement. The good news is that the companies serving the medical device industry have become specialized experts. […]
The top 5 MassDevice stories of the week — September 11, 2020
From the Theranos case to wearable medical devices, it’s been another busy news week for the medical device industry. Want to hear more about the week’s top news? Executive editor Chris Newmarker and Tom Salemi will discuss the week’s “Newmarker’s Newsmakers” during our DeviceTalks Weekly podcast. Without further ado, here’s this week’s MassDevice Top Five: […]
MedShape launches DynaClip Forte nitinol bone fixation system
MedShape (Atlanta) recently announced the full commercial launch of its DynaClip Forte bone fixation system, which boasts a four-leg inline design and superelastic nitinol technology. MedShape designed the DynaClip Forte to meet the needs of certain high load-bearing applications. It comes. It joins the DynaClip bone fixation system that has already been commercially available. “Working […]
Elizabeth Holmes could make a ‘mental disease’ defense in Theranos case
Former Theranos CEO Elizabeth Holmes is considering making a “mental disease” defense in her closely watched federal fraud trial in San Jose, Calif. A court order filed yesterday revealed the defense strategy. U.S. District Court Judge Edward Davila granted prosecutors’ request over Holmes’ objections to have a team of two psychological experts examine Holmes over […]
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