Viveve (NSDQ:VIVE) said last week that it is looking to raise up to $6.76 million in a common stock offering, according to a regulatory filing. The stock is being offered at $0.13 per share, which was the last reported sale price of its common stock on August 15, 2019. The actual number of shares issued […]
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Boston Scientific closes $4B BTG purchase
Boston Scientific (NYSE:BSX) said today that it finished its $4 billion acquisition of BTG (LN:BTG). The Marlborough, Mass.-based medtech giant reported that the transaction will be immaterial to adjusted earnings per share this year, thanks to – among other factors – the deal closing later than initially anticipated. To satisfy antitrust regulators, Boston Scientific is […]
BREAKING: FDA approves TAVR valves for low-risk patients
The FDA today expanded the approval for replacement heart valves made by Medtronic (NYSE:MDT) and Edwards Lifesciences (NYSE:EW) to include patients at low risk from open heart surgery. The expanded transcatheter aortic valve replacement approvals, for Medtronic’s CoreValve Evolut R and CoreValve Evolut Pro and Edwards’s Sapien 3 and Sapien 3 Ultra devices, widens the potential […]
Accuray slips on Q4 earnings miss
Accuray (NSDQ:ARAY) shares took a hit on lower-than-expected fiscal fourth-quarter earnings and soft guidance for fiscal 2020. The Sunnyvale, Calif.-based radiotherapy device maker posted losses of -$1.4 million, or -2¢ per share, on sales of $97.2 million for the three months ended June 30, widening its losses by 48.0% on sales growth of 0.8% compared with […]
Masimo gets in on Germany’s TNI Medical
Masimo (NSDQ:MASI) yesterday revealed an unspecified investment in Germany’s TNI Medical and its respiratory aid technology. Würzburg-based TNI developed the SoftFlow technology to deliver high-flow, warmed and humidified respiratory gases to pulmonary disease patients. It’s designed to provide room air or a mix of room air and oxygen without pneumatic systems, Masimo said. “The innovative products […]
Boeing’s 737 Max crisis: Why the medical device industry should care
Let’s just say that airplane and medical device manufacturers have “substantially equivalent” problems. The crisis over the 737 Max tells us why. Ashley Holub (Twitter @ashtroid22) From Netflix’s documentary “The Bleeding Edge” to the International Consortium of Investigative Journalists’ “The Implant Files” series, FDA has taken heat over the 510(k),which allows devices with “substantially equivalent” features to previously […]
UK regulators OK Boston Scientific’s $4B BTG buyout
British regulators have approved Boston Scientific’s (NYSE:BSX) $4 billion bid to buy BTG (LN:BTG), the companies announced today in regulatory filings. The deal, approved by the U.S. Federal Trade Commission on August 7, will close on Monday. The High Court of Justice in England and Wales agreed to the takeover following a hearing today. Boston […]
SofWave Medical closes $8.4 million financing round, announces Louis Scafuri as CEO
SofWave Medical secured an $8.4 million financing round, led by co-founder and chairman Shimon Eckhouse and XT Hi-Tech, as the Israeli-based company develops non-invasive fractional ultrasound technology for skin tightening. “This financing round of SofWave Medical will enable us to execute aggressively on our plan to build and position the company as a leader in […]
Medtronic readies device to rival Intuitive Surgical’s da Vinci SP
Medtronic (NYSE:MDT) is reportedly developing a soft tissue surgical device to rival the da Vinci SP robot-assisted surgery platform made by Intuitive Surgical (NSDQ:ISRG). Bernstein analyst Lee Hambright, writing today in a note to investors, said Fridley, Minn.-based Medtronic is slated to reveal the device during its Sept. 24 analyst day, according to Seeking Alpha. The […]
Willow adds $23m for cordless, hands-free breast pump
Willow yesterday reported raising nearly $23 million for the cordless, hands-free breast pump it’s developing. The Mountain View, Calif.-based company, which gestated at California’s ExploraMed incubator, said in a regulatory filing that seven unnamed investors participated in the equity round, which brought in a total of $22.7 million. The latest raise takes the total funding […]
BD sues Stryker over PureWick catheter patents
Becton Dickinson (NYSE:BDX) this week levied a lawsuit against Stryker (NYSE:SYK), alleging infringement of patents covering its PureWick female external catheter. The lawsuit, filed August 12 in the U.S. District Court for Delaware, accused Stryker’s Sage Products subsidiary of violating two patents covering the PureWick device with Sage’s competing PrimaFit device, which Stryker acquired along with […]