The plaintiffs in a class action suit against Avinger (NSDQ:AVGR) have approved the $5 million settlement that the company offered in March. Shareholders sued the company and several of its officers and directors claiming that they made false and misleading statements about Avinger’s original product, Pantheris, in its 2015 initial public offering. Avinger makes image-guided, catheter-based […]
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AngioDynamics to acquire radiation dose tech dev RadiaDyne
AngioDynamics (NSDQ:ANGO) said today that it inked a deal to acquire dose monitoring tech developer RadiaDyne for an undisclosed amount. The deal will add RadiaDyne’s early-stage OARtrac real-time radiation dose monitoring platform and its IsoLoc, ImmobiLoc and Alatus balloon stabilizing technologies to Latham, N.Y.-based AngioDynamic’s oncology portfolio, the company said. “The acquisition of RadiaDyne, combined with […]
TE Connectivity to lay off 86 in Worcester, Mass.
TE Connectivity is looking to lay off 86 employees from its Worcester, Mass.-based facilities, according to a Massachusetts Worker Adjustment and Retraining Act report. The layoffs come as the company looks to close down a cable-manufacturing facility in the city, and will proceed through to March of next year, according to a Boston Business Journal […]
Zimmer Biomet to open location near CEO’s CT home base
Zimmer Biomet (NYSE:ZBH) is opening a new office location in Fairfield, Conn., the hometown of its recently appointed CEO Bryan Hanson, according to a CTPost report. The location will served as an “East Coast hub” for Hanson and other executives in the area, according to the report, and will serve as the second New York City-area […]
Report: New Apple Watch features on-board EKG scanning, AF detection
Apple (NSDQ:AAPL) today unveiled its new Series 4 Apple Watch which the tech company said now features on-board electrocardiogram scanning technology, according to a report from The Verge. The Cupertino, Calif.-based tech giant said that it won FDA approval for the watch, and touted the EKG addition as the first EKG product to be offered over-the-counter […]
Neovasc talks note holders into another year, announces 1-for-100 reverse stock split
Neovasc (NSDQ:NVCN) said today that holders of its senior secured convertible notes, originally due May 17, 2019, have agreed to extend the maturity of the notes from next year to May 17, 2020, and said yesterday it will initiate a reverse stock split as it looks to regain compliance with minimum bid price requirement of the […]
CorFlow raises $9.7 million to launch clinical trial in Europe
Swiss medical device developer CorFlow Therapeutics said today that it has raised $9.7 million in the second close of its seed+ financing round. The first round closed in October 2017 at $2.7 million (CHF 2.6 million). The proceeds will finance the first-in-man clinical trial in Europe of the company’s controlled flow infusion (CoFITM) system, which […]
Abiomed gets in on $7m round for RenalGuard affiliate Reprieve Cardiovascular
RenalGuard Solutions said today it closed a $7 million financing round joined by Abiomed (NSDQ:ABMD) to support its newly formed affiliate company Reprieve Cardiovascular. Milford, Mass.-based Reprieve Cardiovascular said that it is developing devices intended for patients suffering from acute decompensated heart failure. The technology is part of the company’s Guided Diuretic Therapy, which is being investigated as a […]
Novocure inks Chinese collaborative dev, commercialization deal with Zai Lab
Novocure (NSDQ:NVCR) said today it inked a $15 million licensing agreement with Shanghai-based biopharma company Zai Lab to offer its Optune technology on the Chinese market and accelerate clinical trial enrollment in the region. The Optune device delivers low-intensity, intermediate frequency, alternating electric fields, called “Tumor Treating Fields,” to inhibit cancer cell replication. Read the whole story on […]
J&J acquires 3D-printed spinal implant maker EIT
Johnson & Johnson (NYSE:JNJ) said today it acquired spinal fusion implant developer Emerging Implant Technologies for an undisclosed amount. Norderstedt, Germany-based EIT produces 3D-printed titanium interbody implants specifically for spinal fusion surgery. The company’s devices use proprietary cellular titanium which J&J said consists of an open and interconnected porous structure intended to promote bone growth into the implant. […]
AirXpanders closes $15m in mixed funding
AirXpanders (ASX:AXP) said today that it closed funding rounds worth approximately $15 million in total, including an approximately $11.2 million (AUD $15.7 million) rights offering and US-based private placement with approximately $3.4 million (AUD $4.6 million). The Palo Alto-based company makes the AeroForm tissue expander for post-mastectomy breast reconstruction. The device is designed to expand and stretch […]