Olympus (TYO: 7733) announced today that it has completed the separation of its Scientific Solutions Division into a wholly-owned subsidiary called Evident. The creation of Evident — which encompasses life science research and industrial equipment — enables Olympus management to better focus on the continued growth of the company’s Medical Business, which made up 86% […]
Cordis among those investing $15M in Endovascular Engineering
Endovascular Engineering today announced the closing of a $15 million Series A1 financing co-led by Santé Ventures and Cordis. The Menlo Park, California–based startup is also called E2. It’s focused on developing advanced mechanical thrombectomy technology. Get the full story on our sister site Medical Tubing + Extrusion.
Philips-backed study says more could be done to treat cardiac device infections
Roughly four in five Americans with cardiac implantable electronic device infections don’t receive recommended treatment, according to a Philips-funded study out of Duke University. The large-scale, real-world analysis of CMS data also found that complete hardware extraction within 6 days was associated with a 42.9% lower risk of death than among patients who did not […]
Conformis announces a credit card partnership
Conformis (Nasdaq:CFMS) officials are betting that a special credit card could get more people to opt for upgraded orthopedic surgeries. The Billerica, Massachusetts–based ortho surgery tech company at AAOS 2022 today announced a partnership with Synchrony (NYSE:SYF) to add Conformis’ Image-to-Implant Platinum Services program to Synchrony’s CareCredit credit card offering. More than 250,000 providers and […]
Some analysts are upbeat about Medtronic’s renal denervation prospects
Needham & Co. analysts are reiterating their Buy rating for Medtronic stock, saying that renal denervation (RDN) could still be a big opportunity for the medtech giant. Medtronic (NYSE:MDT) had to continue its Spyral HTN-ON MED trial into this year after failing to obtain the positive results needed to end enrollment early for the potential […]
Boston Scientific opens new R&D center in India
Boston Scientific (NYSE:BSX) has opened its second R&D center in India, located in the western city of Pune. According to media reports, the new center is 45,000 ft² and will initially employ 170 people, more than doubling the number of R&D employees that Boston Scientific has in India. The company’s first Indian R&D center opened […]
Siemens Healthineers executive to join Fresenius supervisory board
Fresenius SE & Co. KGaA announced today that it plans for Siemens Healthineers executive Dr. Christoph Zindel to join its Supervisory Board. Zindel will stand for election at Fresenius’ Annual General Meeting on May 13. A member of Siemens Healthineer’s managing board, Zindel’s responsibilities at the German medtech giant include imaging, advanced therapies, technology excellence, […]
GE cuts CEO compensation amid shareholder concern
GE (NYSE:GE) announced that CEO Larry Culp has agreed to reduce his annual equity incentive grant for 2022. Culp’s employment agreement had him receiving a $15 million equity incentive grant this year. He’ll instead receive $5 million, according to a company proxy statement filed yesterday. “Shareholders have been overwhelmingly supportive of Larry and the action […]
Medtech Color names winner of 2022 Pitch Competition
Medtech Color recently announced that it has selected the creator of an app for perinatal mental health as its 2022 Pitch Competition winner. Candlelit (New York City) walks away with $50,000 in non-dilutive funding as well as special prizes from Texas Medical Center Innovation, Johnson & Johnson and ResMed. Get the full story on our […]
Life Spine announces first surgical cases for its Dyna-Link titanium with barb fixation
Life Spine said it has achieved the first surgical cases for its Dyna-Link titanium with barb fixation. The Huntley, Illinois–based company’s Dyna-Link titanium stand-alone anterior lumbar system is a zero-profile, stand-alone device. Life Spine says Dyna-Link offers surgeons a safe and reliable alternative to 360˚ fusion procedures. In addition to providing immediate fixation, Dyna-Link now […]
Pega Medical picks Explorer Surgical’s digital case support platform
Explorer Surgical, a GHX company, announced today that it has expanded its presence in the pediatric orthopedic medical device space after bringing on Pega Medical as a customer. Founded in 1996, Pega Medical specializes in designing, developing, evaluating, and manufacturing pediatric orthopedic devices. It has business in more than 70 countries. Pega Medical’s medical device […]