Orthocell (ASX:OCC) halted trading of its stocks on the Australian Securities Exchange yesterday, according to a Kalkine Media report. The trading stop came on the heels of a new equity raise for the company, which was launched through stockbroker Bell Potter Securities, according to a separate report on The Australian Financial Review. The Australian company is […]
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EPTAM Precision Solutions acquires Micro Molding and MedConnection
Heritage Portfolio’s EPTAM Precision Solutions today announced that it has acquired Micro Molding and MedConnection. The financial details of the deal were not disclosed. Phillipsburg, N.J.-based Micro Molding is a precision plastic injection component manufacturer that serves the medical device market. It offers precision injection molding, catheter tipping, finishing and assembly. It has two ISO-9001 […]
Vesper Medical raises another $37m for Duo venous stent
Vesper Medical said today that it raised a $37 million funding round for the Duo venous stent it’s developing. The round, which follows an $11 million Series A round the Wayne, Pa.-based company landed a year ago, was led by Vensana Capital and Gilde Healthcare, joined by existing backers New Enterprise Assoc. and Quaker Partners. Vesper […]
S&P upgrades Fresenius Medical
Fresenius Medical Care (NYSE:FMS; ETR:FRE) said last Thursday that Standard & Poor’s upgraded its corporate credit rating to BBB. The Bad Homburg, Germany-based company said that S&P gave them a BBB rating with a stable outlook from BBB- with a positive outlook. Fresenius said that it is rated as investment grade by the three leading rating agencies […]
HeartFlow taps ex-Beaver-Visitec CEO Mead as chief exec | Personnel Moves – May 28, 2019
HeartFlow said today that it named former Beaver-Visitec prez & CEO Dana Mead, Jr., as its new president and CEO, replacing current prez & CEO Dr. John Stevens, who will continue to serve on the board as chair. Prior to joining Beaver-Visitec, Mead served as a strategic advisor and partner in Kleiner Perkins Caufield & […]
The robots are coming to medtech: Where’s the value?
As each medtech manufacturer gears up to bring robots to surgery, they’ll need to create an outcomes-oriented value story in order to compete. Will Randall, ZS The biggest medtech headlines so far in 2019 tell a consistent story: The robots are coming. From Medtronic’s $1.6 billion acquisition of Mazor in late December to Johnson & […]
Valeritas touts ADA’s inclusion of patch-like insulin delivery devices in diabetes management guidelines
Valeritas (NSDQ:VLRX) said today that the American Diabetes Association has endorsed the use of “disposable patch-like devices” for insulin delivery, which includes its V-Go wearable insulin delivery device. The Bridgewater, N.J.-based company said that the endorsement was made as part of the the ADA’s annual Standards of Medical Care for 2019, published in the journal Diabetes […]
Change Healthcare upscales IPO to $200m
Change Healthcare has upscaled its initial public offering from initial $100 million up to $200 million, according to recently posted SEC filings from the company. The Nashville, Tenn.-based healthcare company is a joint venture between McKesson and Change Healthcare Inc, which was formerly known as HCIT Holdings, according to a SeekingAlpha report. Change Healthcare looks to […]
CardioFocus raises $55m for HeartLight ablation catheters
CardioFocus said today that it pulled in another $55 million for the HeartLight catheters it developed to treat atrial fibrillation. Marlborough, Mass.-based CardioFocus said the round included its existing group of backers and included senior debt financing from Kennedy Lewis Investment Management. The proceeds are earmarked for commercializing its original HeartLight catheter and for the global […]
Strata Skin Sciences files motion for contempt against Ra Medical
Strata Skin Sciences (NSDQ:SSKN) has filed a motion for contempt against Ra Medical (NYSE:RMED) in an ongoing legal battle in which Ra Medical claims Strata and its board chair Uri Geiger made misleading and disparaging statements to financial partners in the time frame surrounding Ra Medical’s initial public offering. In their complaint, Horsham Township, Penn.-based Strata Skin Sciences […]
Hill-Rom rebrands as Hillrom
CORRECTION May 28, 2019, reflecting the plans for the Welch Allyn and Voalte brands. Hill-Rom (NYSE:HRC) said today that it’s adjusting its brand under a new logo, aiming to emphasize its focus on the digital health space. The new Hillrom moniker and refreshed logo reflect the company’s “strong and growing capabilities in connected devices, advanced analytics […]