Stephen MacMillan joined a struggling Hologic (NSDQ:HOLX) as CEO in December 2013, and within one day, he had already made his first major move in restructuring the company’s executive leadership team. MacMillan spoke in a keynote presentation at DeviceTalks Boston yesterday about his entry into the women’s healthcare market with Hologic, how his turn-around of the […]
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Delaware court fast-tracks Channel Medsystems suit against Boston Scientific
A Delaware state court yesterday expedited a lawsuit brought by Channel Medsystems against Boston Scientific (NYSE:BSX) over a failed $275 million buyout. The lawsuit alleges that Boston Scientific spiked the deal over a former Channel employee’s alleged scheme to embezzle nearly $3 million from the women’s health company. Emeryville, Calif.-based Channel Medsystems developed Cerene, a cryogen-based endometrial ablation system […]
Switchback Medical debuts in Twin Cities metro
Medical device design startup Switchback Medical recently opened in a15,000-square-foot space in Maple Grove, Minn. The company offers capabilities in: Finished devices Balloon catheters Delivery systems Reinforced and steerable catheters Flex circuit technologies Nitinol components and frames Biomedical textiles Get the full story on our sister site, Medical Design & Outsourcing.
BD uses Carbon’s 3D tech to mold intricate part
Becton, Dickinson and Company (BD) has begun producing parts based on Carbon’s digital light synthesis technology, including BD’s first production part using additive manufacturing — a hemocytometer adapter for the company’s Rhapsody single-cell genomic analysis system. This component would have been impractical and expensive to injection mold, according to Redwood City, Calif.–based Carbon, which said it offered […]
Report: Drug delivery investments down in Q3
Investment spending in the drug delivery sector has dropped significantly for the third quarter, but is staying ahead of last years numbers for the first through third quarters, according to a new report. Venture capital investments fell a significant 61.8% to $29.6 million during the three months ended September 30, though deal volume stayed the […]
7 medtech ideas out of Europe
Mobile and digital health ideas — and overall medtech innovation ideas — abound in Europe, with DeviceTalks Boston attendees getting just a sampling this morning from seven CRAASH Barcelona participants. The CRAASH Barcelona program trains research projects on how to market their health technologies during a three- to five-year period. It’s a boot camp run by EIT Health, the main European healthcare consortium, […]
Minnetronix Neuro inks Neurapheresis Consortium deal with Duke
Minnetronix Medical’s Neuro division said today it joined with Duke University to co-found The Neurapheresis Consortium, which aims to accelerate the advancement of Neurapheresis Therapy intended to treat patients with diseases affecting the central nervous system. The company’s Neurapheresis therapy system is a minimally invasive platform which includes a dual lumen catheter designed to be […]
Picosun enters medical device coatings market
Coatings maker Picosun Group said it has developed a product family specifically for the needs of medical device manufacturers. Picosun (Espoo, Finland) makes biocompatible and bioactive atomic layer deposition (ALD) thin film coatings designed to form a pinhole-free, conformal, uniform and hermetic encapsulation around the coated object. This speeds up the healing process and protects the patient […]
Report: Medical device deal volume, spend down during Q3
Investors spent less money on fewer deals in the medical device sector during the third quarter and so far this year, bucking the overall growth trend for venture capital-backed firms, according to a new report. Venture capital investment fell -19.7% to $772.7 million during the three months ended Sept. 30, with deal volume down -20.3% […]
Si-Bone sets price range for $104m IPO
Si-Bone has set a price range for its upcoming initial public offering, looking to bring in between $89.7 million and $103.5 million, according to an SEC filing posted late last week The Santa Clara, Calif.-based company said that it plans to offer 6.9 million shares at between $13 and $15 per share in the offering, and […]
CSA Medical ices $23m funding round
CSA Medical said yesterday that it put a $23 million debt-and-equity round on ice for the cryospray technology it’s developing. Boston-based CSA said Horizon Technology Finance led the round with a $15 million loan facility; existing shareholders ponied up $8 million in equity financing, the company said. The round’s first tranche included a $6 million loan from […]