Wound Management Technologies (OTC:WNDM) wants to settle its beef with the SEC over an alleged kickbacks scheme designed to boost its share price.
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SEC indicts baseball great Eddie Murray, Abbott exec
Abbott rebukes CEO salary study | Wall Street Beat
Vascular Solutions picks up St. Jude Medical’s Venture catheter for $3M
Vascular Solutions (NSDQ:VASC) said it spent $3 million on the Venture wire control catheter from St. Jude Medical (NYSE:STJ).
Heart monitoring startup raises $7 million for less-invasive options for high-risk patients
Cardiovascular monitoring startup Retia Medical raised $7 million in a Series A funding round the company plans to use to develop its minimally-invasive signal processor for high-risk patients.
East Lansing, Mich.-based Retia is working on a system that will monitor cardiac output and other key measures of cardiac health accurately when patients go into shock.
St. Jude Medical slides on FDA order
St. Jude Medical‘s (NYSE:STJ) shares dropped more than 4% yesterday after the FDA ordered the medical device company to run a 3-year surveillance program of its recalled Riata defibrillator leads, plus 3 other leads that are still on the market.
Did Boston Scientific overpay for Guidant? | Wall Street Beat
Medical device giant Boston Scientific (NYSE:BSX) has notched billions in goodwill write-offs related to its 2006 acquisition of Guidant Corp., a signal that the $28 billion purchase price was too high, the Wall Street Journal reported.
Funding: Medrobotics aims for $20 million in new funding round
Surgical robotics company Medrobotics is on its way to a $20 million funding round, having raised $8.1 million so far.
The Raynham, Mass.-based medical device company, originally known as Cardiorobotics, is working on a multi-link robot for minimally invasive surgical procedures, hoping to "replace open surgical procedures for many parts of the anatomy that are otherwise difficult or previously impossible to reach," the company’s website says.
BRIC: Brazil’s economic slowdown may be a disappointment for device makers
Brazil’s booming economy seems to be stuttering and that could mean bad news for the medical device makers placing large bets on the Federal Republic.
Brazil maintains the largest medical device market in the Latin American region and last year surpassed Great Britain to become the 6th largest economy in the world, but the Federal Republic has seen listless economic growth that has analysts less than impressed.
Emerging markets: Big medtech’s China strategies emerge
One year after some of the biggest players in the medical device industry announced their intentions to double down in China, MassDevice.com takes a look at the different approaches by 4 of the major medtech players.
Weight loss: EnteroMedics gains on $75M stock offering
Minnesota-based EnteroMedics (NSDQ:ETRM) is looking to raise up to $75 million through sales of stock, securities and warrants, a move that gained the company some love from Wall Street.