Johnson & Johnson shares dipped slightly today, even as first-quarter earnings came in ahead of the consensus forecast. Shares of JNJ fell 1% to $145.16 apiece by mid-day trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell slightly. The New Brunswick, New Jersey-based medtech giant […]
Featured
Abbott has another serious LVAD recall
The FDA today labeled Abbott’s recall of some HeartMate II and HeartMate 3 left ventricular assist systems (LVAS) as Class I, the most serious kind. Abbott issued the recall of the HeartMate II and HeartMate 3 LVAS due to an issue known as extrinsic outflow graft obstruction (EOGO). The issue happens when biological material builds […]
FDA clears 3D-printed, patient-specific cranial implant from 3D Systems
3D Systems announced today that the FDA granted 510(k) clearance for its 3D-printed, patient-specific VSP PEEK cranial implant. VSP PEEK includes a complete, FDA-cleared workflow comprising segmentation and 3D modeling software. It also offers a pre-defined production process. With its additive manufacturing capabilities, the technology can produce patient-specific cranial implants with up to 85% less […]
Medtronic survey reveals barriers to women’s heart health care
A Medtronic survey recently revealed a lack of awareness among women regarding heart valve disease and the risk factors. The survey examined women’s perceptions and knowledge of risk factors, treatment patterns, and preventative care practices related to heart valve disease. It was endorsed by Women as One and conducted by Wakefield Research, which sampled 1,000 […]
Cognito Therapeutics has positive non-invasive neuromod results
Cognito Therapeutics today announced treatment results from an open-label extension study of its Alzheimer’s treating neuromodulation system. The Cambridge, Massachusetts-based company’s Spectris system could provide disease-modifying therapy for treating Alzheimer’s disease. Its non-invasive neuromodulation device delivers proprietary gamma frequency light and sound stimulation. This evokes EEG-confirmed gamma frequency brain oscillations to treat central nervous system […]
Paragonix has positive long-term data on heart preservation
Paragonix Technologies today announced positive long-term registry results demonstrating improvements after heart transplantation. Results from the GUARDIAN-Heart registry demonstrated statistically significant improvements in 2-year survival following heart transplantation. The analysis consisted of a total of 1,261 U.S. adult patients matched using statistical propensity matching. This created two cohorts of equal baseline characteristics to compare the […]
Nectero Medical closes $96M Series D
Nectero Medical announced today that it closed a Series D financing round to support its abdominal aortic aneurysm treatment. Norwest Venture Partners led the round. Boston Scientific, BioStar Capital, Cadence Healthcare Ventures, Aphelion Capital and other firms contributed large investments to the $96 million money raise. The funds add to a $19.5 million Series C […]
Osso VR launches medical training app for Apple Vision Pro
Osso VR announced today that it launched Osso Health, a medical training app for use on the Apple Vision Pro system. The offering leverages the power of Apple Vision Pro to blend digital content with the physical world. Osso VR aims to bring the operating experience to live through detailed, clinically accurate workflows of common […]
Steris to sell dental segment for $787.5M
Steris (NYSE: STE) today announced it has entered into a definitive agreement to divest its dental segment to Peak Rock Capital for $787.5 million. The transaction will be structured as an equity sale. Terms of the agreement also include the opportunity for Steris to receive an additional earnout of up to $12.5 million, which is […]
Shockwave Medical opens IVL production plant in Costa Rica that will add 1,200 jobs
Shockwave Medical (Nasdaq:SWAV) announced today that it opened a new production plant for its intravascular lithotripsy (IVL) technology in Costa Rica. The company shared news of the new plant, located in San José, in a post on LinkedIn. It marks another recent positive development for the company, which agreed to be acquired for $13.1 billion by […]
SS Innovations completes first telesurgery procedures using SSi Mantra surgical robot
SS Innovations today announced it completed its first telesurgery procedure using its SSI Mantra surgical robotic system. The procedure was conducted at the SS Innovations headquarters in Gurugram, Haryana, India, on an animal that was 5 km away at the World Laparoscopy Hospital. A team of surgeons, led by SS Innovations’ Founder and CEO, Dr. […]