Carlisle Companies (NYSE:CSL) announced today that it has completed its acquisition of Providien for an undisclosed amount. San Diego-based Providien provides solutions for global medical technology OEMs, such as contract manufacturing, precision machining and metals, thermoforming and injection molding. The acquisition, which was initially announced last month, is part of Scottsdale, Ariz.-based Carlisle’s plan to […]
LivaNova pulls the plug on transcatheter mitral valve repair device
LivaNova (NSDQ:LIVN) said today that it is ending its Caisson Interventional transcatheter mitral valve replacement (TMVR) program and plans to restructure its heart valve business to improve profitability. The company’s heart valve business represented nearly $130 million in revenue during fiscal 2018 and saw its revenue numbers decline over the last five years, both with biological […]
Hologic to sell Cynosure medical aesthetics business for $205m
Hologic (NSDQ:HOLX) announced today that it entered into a definitive agreement to sell its Cynosure medical aesthetics business in a deal worth more than $200 million. The Marlborough, Mass.–based company is in agreement with an affiliate of investment funds managed by Clayton, Dubilier & Rice and expected to collect net cash proceeds of approximately $138 million, according […]
Sanofi, Aetion collaborate to advance regulatory submissions
Sanofi (NYSE:SNY) announced today that it entered into a collaboration with Aetion to integrate its Darwin data platform with the Aetion Evidence platform to try and advance the efficiency of real-world evidence. The collaboration between the two companies will set out to facilitate regulatory-grade studies with deep transparency while opening access to new real-world data, according […]
These medical device companies pay doctors the most money
The top medical device companies in the world made more than $542.6 million in general payments to physicians and hospitals in 2018, according to an analysis of Medical Design & Outsourcing‘s Big 100 and CMS Open Payments data. Zimmer Biomet topped the list with $109.4 million in general payments* to physicians and teaching hospitals in […]
GenapSys secures $90 million in bid to upend sequencing
Following the raising of a $90 million Series C, privately held GenapSys will begin rolling out a line of low cost electronic-based genetic sequencing machines that it says could upend the research and clinical testing industries. CEO Hesaam Esfandyarpour says the Redwood City, Calif.–based company’s Sequencer, a table-top device that carries a price tag that’s […]
Tandem Diabetes looks to expand Boise operations
Tandem Diabetes Care (NSDQ:TNDM) entered into a lease agreement with Ameri Shore LLC for nearly 100,000 square feet of additional general office space at its current location in Boise, Idaho. The 84-month lease is slated to begin when the company completes work related to tenant improvements, when it commences use of the location or on July […]
Stent makers point to quality-of-life findings by massive federal study
The giant federal study that found the use of stents in stable heart-disease patients is no better than drugs to treat clogged arteries reached another, less-hyped conclusion. Manufacturers of stents for percutaneous coronary intervention (PCI) note that the Ischemia study also concluded that patients who undergo a stenting procedure have a better quality of life. They suffer […]
Ishrak backs Martha for success on Medtronic earnings call
Medtronic (NYSE:MDT) outgoing CEO Omar Ishrak said on the company’s latest earnings call that his successor Geoff Martha is poised to prosper in the role, having already taken over as president and being given a seat on the board this month. The Fridley, Minn.–based company announced in August that Martha would take over for Ishrak, who […]
Abiomed stock recovers some as company further questions critical Impella studies
Shares of heart pump company Abiomed (NSDQ:ABMD) recovered a bit today — a day after the company’s stock took a 20% dive after two critical studies came out of American Heart Association’s Scientific Sessions. The two separate studies — one led by researchers in St. Louis, the other out of San Francisco — suggested potentially serious complications […]
Propeller Health offers access to CVS, other pharmacies with Propeller app
Propeller Health announced today that users of its Propeller app are now able to access pharmacy services from CVS, Walmart, Kroger and Rite-Aid directly through that app. The Madison, Wis.–based company launched the app in January 2019, giving Walgreens patients the option to manage their asthma or chronic obstructive pulmonary disease medication regimen within the […]
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