Oracle Corp. (NYSE: ORCL) will spend $28.3 billion to acquire Cerner Corp., the two companies announced today. Cerner is a significant provider of digital information systems used within hospitals and health systems. Get the full story on our sister site Medical Design & Outsourcing.
The MedTech Conference is coming to Boston in 2022
Trade group AdvaMed plans to return to an entirely in-person event for The MedTech Conference, with the annual event slated for Boston on October 24–26, 2022. AdvaMed in September 2021 held a hybrid event that included virtual sessions as well as live sessions in Minneapolis and Washington, D.C. (The year before — in pre-COVID vaccine […]
Intuitive reaches 10 million mark for da Vinci procedures peformed
Intuitive (Nasdaq: ISRG) recently announced that it has surpassed 10 million robotic-assisted surgical procedures performed on its da Vinci systems. The milestone is another reminder of the leadership position Intuitive has carved out in the robotic surgery space since the first FDA clearance for a da Vinci system in 2000. “Surgeon use of da Vinci […]
Johnson & Johnson must face former Auris Health shareholders’ fraud lawsuit
A Delaware judge has denied Johnson & Johnson’s motions to dismiss a fraud lawsuit filed by former shareholders of Auris Health, who alleged that J&J executives misrepresented their intentions for the robotic surgery company when they acquired it for $3.4 billion in 2019. Acting as the representative of the former Auris shareholders, Fortis Advisors sued […]
Philips to buy Vesper Medical and its advanced venous stent portfolio
Royal Philips announced today that it will acquire Vesper Medical, a Wayne, Pennsylvania–based maker of minimally-invasive peripheral vascular devices. The financial terms of the deal were not disclosed. The purchase will enable the Dutch medtech giant to expand its diagnostic and therapeutic devices portfolio with advanced venous stents. Get the full story on our sister […]
Medtronic says study results show alternative spine procedures could reduce opioid use
Medtronic (NYSE: MDT) says a study shows its balloon kyphoplasty (BKP) and vertebroplasty (VP) technology could eliminate opioid use among many with spinal fractures. The medical device giant sponsored a retrospective claims analysis of a large, nationally representative insurance claims database. The results — recently published in Osteoporosis International — found that among the thousands of […]
Integer completes $220M Oscor acquisition
Integer Holdings (NYSE: ITGR) announced today that it has completed its purchase of Oscor — a deal that expands the capabilities of what was already one of the world’s largest medtech contract manufacturers. Integer said the acquisition would cost $220 million when it first announced its plans in October. Get the full story on our […]
FDA’s Woodcock reassures about COVID-19 tests, vaccines under Omicron
Acting FDA Commissioner Dr. Janet Woodcock thinks many COVID-19 tests will continue to work with the new Omicron variant — with information coming soon on vaccine efficacy. In a statement posted yesterday, Woodcock said she thought the agency is well-positioned to work with companies to address the potential impact of viral mutations on COVID-19 tests, […]
Virtual Incision raises $46M for its miniaturized robotic platform
Virtual Incision announced today that it raised $46 million in a Series C round to support its miniaturized robots for laparoscopic surgery. The company — based in Lincoln, Nebraska and Pleasanton, California — said the money will fund regulatory and clinical programs supporting the eventual commercialization of its MIRA (miniaturized in vivo robotic assistant) surgical […]
Best Buy spends $400M on Current Health and its digital health tech
Best Buy (NYSE: BBY) recently confirmed that it spent $400 million to acquire Current Health as it continues to offer more digital health products. Current Health (Boston and Edinburgh, Scotland) is the creator of a remote patient monitoring platform that allows physicians to monitor and connect with patients in their homes. Its platform includes an […]
COVID-19 test makers say their products also detect Omicron
Abbott, BD, Hologic, PerkinElmer and Thermo Fisher are reassuring the public that their COVID-19 tests detect the Omicron variant. Discovered last week in South Africa, the new variant has enough mutations that it has raised concerns worldwide — even though it is still unknown for sure whether the mutations cause greater transmissibility or vaccine evasion. […]