SurModics (NSDQ:SRDX) fired 6% of its workforce and consolidated several business departments in a move that the company hopes will save about $1 million. The device maker is also restructuring some of its operating units that it hopes will "strengthen the company and better position it for long-term growth."
Wall Street Beat
Rochester Medical skyrockets on $262M Bard acquisition news
China probes medtech pricing | Wall Street Beat
The Chinese Commerce Ministry’s anti-monopoly bureau is looking for information on pricing and operations at medical device makers within the country as well as from around the world, according to a Reuters report.
Local sources told the new service that concerns about local corruption and price-fixing may have spurred the survey, but a deputy director at the China Assn. for Medial Devices Industry told reporters that there hadn’t been word of any official investigations into the sector.
Solta Medical calls for help in seeking new CEO
California aesthetics devices maker Solta Medical (NSDQ:SLTM) engaged an executive recruiting firm to help fill the empty seat left behind by former CEO Stephen Fanning.
Encision drops hard following death of CEO
Struggling Mela Sciences receives de-listing notice from NASDAQ
Mela Sciences (NSDQ:MELA) was warned by the NASDAQ Stock Market that it must pull its shares above $1.00 or risk being de-listed by the stock exchange.
California spinal startup announces $3.6M IPO
Carlsbad, Calif.-based Aurora Spine is hoping to round up as much as $3.6 million through an initial public offering, launched today, through which the company is issuing nearly 5.2 million shares at a per-share price of 70¢.
Class action lawsuit accuses Biolase and officers of lying to investors
Texas spinal devices maker LDR Holding shoots for IPO of up to $69M
LDR Holding Corp. announced that it’s making a bid for its initial public offering, aiming to sell its stock on the NASDAQ global market under the stock ticker ‘LDRH’, according to a company statement.
The company Texas-based spinal device company did not disclose the number of shares or detailed pricing for the IPO, but filed for an offering of up to $69 million, SEC documents show.