Zimmer Biomet (NYSE:ZBH) last week escalated its ongoing war with erstwhile partner Heraeus, filing a complaint with the U.S. International Trade Commission seeking to bar the German company from importing its bone cement products. The ITC is already running an investigation into Zimmer’s bone cement imports at the behest of Heraeus. It’s all part of […]
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Sight Sciences adds $31m
Sight Sciences pulled in an equity round worth nearly $31 million for the ophthalmological devices it’s developing, the company said yesterday. Menlo Park, Calif.-based Sight Sciences logged the first sale of the round August 9, according to a regulatory filing, raising $30.7 million of a hoped-for $31.5 million. Two unnamed investors participated in the round, […]
Avinger closes $5m offering
Avinger (NSDQ:AVGR) said yesterday that it closed a stock offering worth nearly $4.5 million for its line of devices designed to treat peripheral artery disease. The commercial-stage medical device company designs image-guided, catheter-based systems to diagnose and treat PAD. The closing of the equity offering came five days after the company priced the offering, as […]
AtriCure wins expanded indications for AtriClip LAA
AtriCure (NSDQ:ATRC) said today that it won expanded 510(k) clearances from the FDA for its AtriClip left atrial appendage device. The new indications cover a change from occlusion of the LAA to exclusion and adding electrical isolation as a claim, Mason, Ohio-based AtriCure said. AtriClip excludes the LAA and causes its tissue to die from loss […]
EBR Systems adds $30m, ex-Ceterix CEO McCutcheon
EBR Systems said today that it raised a $30 million funding round and tapped ex-Ceterix Orthopaedics CEO John McCutcheon to be its new chief executive. The Sunnyvale, Calif.-based company is developing the Wise wireless pacemaker, designed to use a subcutaneous generator to wirelessly deliver ultrasound energy to a “pellet” implanted in the right ventricle to […]
Alphatec CEO wins lawsuit against former employer NuVasive
Alphatec (NSDQ:ATEC) chairman & CEO Patrick Miles won summary judgment in a lawsuit filed by his former employer, NuVasive (NSDQ:NUVA), over his employment contract. Miles was chief operating officer of NuVasive when he left that company in October 2017 to take the reins at Alphatec. NuVasive sued Miles a week later, claiming that he enacted […]
Zoll closes Cardiac Science buyout
Asahi Kasei (TYO:3407) subsidiary Zoll Medical said today that it closed its deal to acquire Cardiac Science and its portfolio of automated external defibrillators for an undisclosed amount. Deerfield, Wis.-based Cardiac Science operates in North America, Europe and Asia. The company has installed more than 500,000 units in nearly 100 countries, according to Zoll. “This acquisition […]
InspireMD registers $6m offering
InspireMD (NYSE:NSPR) last week registered for an offering worth more than $6 million for its MicroNet stent platform. MicroNet is a micron mesh sleeve that’s designed to wrap a stent and provide embolic protection in the treatment of complex vascular and coronary disease. InspireMD used the platform to develop the CGuard carotid embolic prevention system, […]
Titan Medical delays timeline on Sport robot-assisted surgery device
Titan Medical (TSX:TMD;OTC:TITFX) today pushed back the timeline on its Sport robot-assisted surgery device, saying it now expects to file for 510(k) clearance from the FDA next year, sending its share prices down in New York and Toronto. With a successful human factors evaluation of the single-port device under its belt, the Toronto-based company said […]
GI Dynamics announces $10m in financing
GI Dynamics (ASX:GID) announced yesterday that it agreed to terms of a financing of up to approximately $10 million with Crystal Amber (GBX:CRS) to continue developing its EndoBarrier device. EndoBarrier is a plastic sleeve designed treat Type 2 diabetes and obesity by preventing the absorption of nutrients from food as it exits the stomach and […]
BD to spend $8m to cut EO emissions in Georgia
Becton Dickinson (NYSE:BDX) said this week it will spend $8 million to upgrade emissions controls at two medical device sterilization plants it operates in Georgia. The plants in Covington and Madison, Ga., both southeast of Atlanta, use ethylene oxide (EO) to sterilize medical devices. The federal Environmental Protection Agency recognizes EO as a carcinogen and lowered […]