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The MassDevice Weekly Roundup brings you the latest medical device news and information.
The MassDevice Checkup
Our weekly checkup takes the temperature of the public medical device companies in the three largest markets in the U.S.: Massachusetts, Minnesota and California. In addition to the indices for each state, which track the overall movement of the sector, we compare Monday morning’s opening share prices with their value when the markets close Friday afternoon and calculate the biggest gainers and losers. Read More 
News
Boston Scientific records a $200 million third-quarter profit
Most product categories see revenue gains, paced by a $22 million jump in ICD sales. Read More
Lawsuits pile up opposing Covidien’s Aspect Medical buyout
Complaints seeking class-action status allege company executives breached their fiduciary duties by not identifying other potential suitors and accepting too low a price. Read More
Hologic opens Hong Kong office as regional HQ for Asia
Bedford, Mass.-based women’s health products firm says its new Asian office will be followed by regional offices in South America and India. Read More
Augmenix lands $6.1 million in Series B round
Amar Sawhney’s latest hydrogel venture lands financing to take its SpaceOAR radiation oncology polymer product into clinical trials and commercialization. Read More
Texcel, Circle Medical to merge into CIRTEC
The medical contract manufacturers will form a new, national entity, CIRTEC Medical Systems, with operations in Texcel’s East Longmeadow, Mass., HQ, Minneapolis and Los Gatos, Calif. Read More
Charles River Labs lays off 115 in Canada
The Wilmington, Mass.-based CRO makes cuts at its CTBR Bio-Research division in Senneville, Quebec. Read More
MassDevice’s earnings roundup
A roundup of medical device makers’ third-quarter sales and earnings reports. Read More
FDA authorizes Quest Diagnostics/3M “real-time” Swine Flu molecular test combo
The Food & Drug Administration gave emergency authorization for the use of Quest’s Simplexa PCR molecular diagnostic with 3M’s integrated cycler to boost capacity. Read More
Johnson & Johnson kills Palomar deal for OTC cosmetic device
Citing “current unfavorable economic conditions,” the medical products conglomerate spikes its deal with the Burlington, Mass.-based cosmetic device maker for an over-the-counter aesthetic device. Read More
Syneron to buy California cosmetic device maker
The Israeli firm that’s already buying Candela Corp. agrees to acquire Pleasanton, Calif.-based Primaeva Medical for up to $30 million. Read More
Pressure BioSciences inks co-marketing deal with Protein Forest
The two lab instrument makers agree to join forces in selling their complementary sample preparation devices to mass spectrometry labs. Read More
Thermal Scalpel in settlement talks with Boston Scientific, St. Jude
The surgical cutting tool maker and two of the medical device giants it sued over the technology are in talks to settle the case, after Thermal Scalpel reached a similar deal last week with Covidien. Read More
Survey: Hospital capital spending freeze is starting to thaw
Leerink Swann’s MEDACorp survey shows some positive signs recession may be easing for medical device industry. Read More
Senate Finance Committee OKs healthcare bill; Snowe still on the fence
Though she voted with most fellow senators on the finance panel to send the healthcare reform bill to the Senate floor, Maine Republican Olympia Snowe isn’t a lock to approve the final measure. Read More
Jobs
The MassDevice Career Connector: Open jobs in the medical device industry
Our jobs board has hundreds of open positions at medical device makers around the country. Read More
Features
MassDevice Q&A: Steve Atkinson & Scott Schorer
The CEO and Americas president, respectively, of wound care giant Systagenix on the carve-out from Johnson & Johnson and putting together a multi-million dollar deal amid economic turmoil. Read More
MassDevice Q&A: Patrick O’Donnell
The CEO of Prochon Biotech on moving the company from R&D to commercialization, other markets for its BioCart knee cartilage regeneration technology and potential pitfalls facing orthopedic device makers. Read More
MassDevice Q&A: William Rutan
The CEO of Mederi Therapeutics on the challenges of increasing awareness of bowel incontinence and his company’s minimally invasive alternative to colostomy surgery. Read More
Blogs
MassDevice blog: Will medtech continue to hold steady?
Johnson & Johnson’s third-quarter earnings report marks the beginning of yet another quarterly earnings season — and another peek at how the medical device industry has withstood the worst financial crisis in generations. Read More
Weekly Wireless Roundup: Apple, Epic team up for mobile EHR pilot
Apple teams with secretive Wisconsin electronic health records provider; an FDA official calls health data ownership a “durable, intractable” problem; Microsoft launches My Health Info for MSN; and Senate healthcare reform bills could double wellness incentives for employees. Read More
MedGadget’s MedTech Monday: Historic medical models and devices
Radio Guy Steve Erenberg’s collection of unusual medical curios; anastomosis system uses biodegradable nitinol rings; ingestible robot prowls the GI; and a cochlear hearing aid without the implant. Read More
Compliance Corner: Voluntary recalls are still the best way to protect consumers
As the Institute of Medicine reviews the Food & Drug Administration’s 510(k) medical device approval process, it’s worth taking a step back to assess the best way to keep faulty or ineffective devices off the market: Voluntary recalls. Read More
Upcoming Events
Featured Events
Oct. 21, Newton, Mass. — Medical Development Group networking mixer, “Post-Approval Studies – Maximizing the Value of Clinical Experience”
“This program will provide an overview of clinical trials at various stages following the submission of an application for a regulatory clearance including trial planning, control, identification of data that has to be reported to the FDA and possible implications for the commercial use of the device.”
Oct. 27-28, Waltham, Mass. — Medical Product Outsourcing Symposium East
MassDevice users can save $400 on conference registration by using the code “MassDev”
“The practice of outsourcing continues to present challenges to medical devices manufacturers. This event is a high-level educational and networking program, designed to offer relevant information for solving business-critical issues in an environment that fosters interaction and industry development.”
Oct. 27-28, Boston, Mass. — CIMIT Innovation Congress 2009
MassDevice users can save 10 percent on conference registration by using the code “MO-DEV”
“Accelerating Healthcare Solutions Through Technology: The CIMIT Innovation Congress is the premier event catalyzing innovations in medical device technology. It’s the only place where academia, government, industry, and the military convene to learn and network with national leaders who are shaping tomorrow’s healthcare solutions.”
Other events
Oct. 19-20, Lowell, Mass. — U.S./Ireland Emerging Technologies Conference
Oct. 22-23, New York City — Gel Health
Oct. 23, Cambridge, Mass. — Healthcare and the Cloud
Oct. 26-27, Waltham, Mass. — New England-Israel Life Sciences Summit
Oct. 27, online — Marsh Risk Consulting’s free webinar, “Monetizing Intellectual Property: Selling or Licensing your IP”
Oct. 28th, Waltham, Mass. — The Capital Network presents “Networking for Fundraising Success”
Oct. 28th, Worcester, Mass. — Massachusetts Biomedical Initiatives (MBI): Celebrating 25 Years of Successful Life Science Achievement in Worcester and Central Massachusetts
Nov. 4, Boston — Future Trends in the Biomedical Engineering Industry
Want to list your event on our weekly newsletter? Contact us at editor@massdevice.com.
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