The Federal Trade Commission said it has evidence showing Synergy Health was ready to bring new technology to the U.S. sterilization market before Steris (NYSE:STE) offered $1.9 billion to purchase the company, and is seeking seeking an injunction to block the deal. The FTC claims Synergy was fully vested in a plan to expand into x-ray sterilization […]
Contract Manufacturing
Micell gains new manufacturing partner
Micell Technologies said today that it won approval to partner with contract manufacturer Surgical Technologies, Inc. in Britain and will begin full-scale manufacturing of its MiStent SES for distribution to European Union countries. Micell won CE Mark approval in the European Union for the drug-eluting stent in 2013. STI will serve as the primary contract manufacturer of the […]
Sterigenics buys Brazilian sterilization firm
Sterigenics said yesterday it purchased Brazilian sterilization firm Companhia Brasileira de Esterilização. The Latin American company is the largest sterilization and microbial load reduction firm in the region and the first to use gamma sterilization in Brazil, according to Sterigenics. “This strategic geographic acquisition demonstrates our commitment to expanding our global footprint in order to […]
It’s a sellers’ market at all levels of the medtech industry
Originally posted on Medical Design & Outsourcing Ken Fine, co-founder and president of Proven Process, is a popular man these days. Not a week goes by without Fine entertaining flirtations from private equity investors or potential strategic partners, looking to see if he’s ready to cash out of his business after 21 years. Proven Process […]
NDC closes Interface Catheter buy, rebrands as Confluent
Nitinol Devices & Components said last week it closed its acquisition of Interface Catheter Solutions and announced it will rebrand the new combined company as Confluent Medical Technologies. Confluent Medical will leverage both NDC and Interface technologies to expand its relationships with customers in the endovascular, neurovascular, transcatheter heart valve, peripheral vascular, orthopedic and other markets, the […]
MedVenture, Helix Medical rebrand as Freudenberg Medical
Helix Medical and its owned subsidiary MedVenture Technologies said today they will now operate under the umbrella brand of Freudenberg Medical. The Carpinteria, Calif.-based business group said it hopes the new brand will emphasize the company’s role as a global development and innovation partner, according to a press release. “Since we selected Helix Medical as […]
Judge lifts System 1 consent decree against Steris
Steris (NYSE:STE) said today that a federal judge lifted a 5-year-old consent decree covering its now-discontinued System 1 endoscope sterilization device. Mentor, Ohio-based Steris’s System 1 landed in “violating device” status in December 2009, after 18 months of legal wrangling with the FDA that ended in the de facto recall of a product that hadn’t been linked to any […]
TSO3 launches US subsidiary
Canadian medical sterilization device company TSO3 said yesterday it is opening shop in the U.S. with a wholly owned subsidiary based in Myrtle Beach, S.C. The American subsidiary, named the TSO3 Corporation, is slated to open its doors in August, the Québec City-based company said. “Alone and together with our sales and service partner Getinge Infection […]
Medtech startups outsource R&D
Starting a medtech company comes with a host of challenges, from regulation to financing to reimbursement. One way that companies can overcome those challenges, according to 2 industry experts, is to outsource some of the research and development work – and in the process, create a leaner, more flexible company.
Warburg Pincus takes majority stake in Sterigenics
Private equity firm Warburg Pincus acquired a majority stake in contact sterilization provider Sterigenics International, according to GTCR, which bought the company in 2011.
J&J revives sterilization conference
Johnson & Johnson (NYSE:JNJ) said today that it’s planning to revive the sterility assurance and sterilization conference it ran for 27 years before closing up shop in 2003.