Medtronic (NYSE:MDT) late yesterday priced an upcoming approximately $7.9 billion (EU €7 billion) debt offering. The Fridley, Minn.-based company said that it will use funds raised from the round to fund previously announced tender offers for outstanding notes, while any remaining proceeds will go towards repaying outstanding 1.7% senior notes due 2019 set to mature on […]
Featured
CVS to shut down its hearing aid centers nationwide
(NYSE:CVS) plans to close its hearing centers across the U.S. ahead of an anticipated FDA move to allow the sale of over-the-counter hearing aids. The drugstore chain began offering audiology services in a few stores in Ohio and Texas in 2015, expanding to 50 stores nationwide with the majority in California and Florida, according to […]
Silk Road registers for $86m IPO
Silk Road Medical has registered for an initial public offering, looking to bring in approximately $86.3 million, according to a recently posted SEC filing. The Sunnyvale, Calif.-based company said that it applied to list its common stock on the NASDAQ exchange using the symbol “SILK,” according to the filing. The company’s flagship product is its […]
Study finds fault with ICD leads that Abbott inherited from St. Jude Medical
A review of FDA adverse event reports has revealed that some Abbott (NYSE:ABT) implantable cardioverter defibrillator (ICD) leads were much more likely than those made by Boston Scientific or Medtronic to fail due to internal insulation breaches (IBR). Researchers at the Minneapolis Heart Institute Foundation combed through the FDA MAUDE database from 2008 to 2018 for reports […]
Klobuchar dinged for medtech industry support
Some patient safety advocates are criticizing U.S. Senator and Democratic presidential contender Amy Klobuchar for favoring medtech companies over consumers, according to a report by the Associated Press and the International Consortium of Investigative Journalists. Klobuchar is in her third term representing Minnesota, one of three major medtech hubs in the United States. The journalism organizations reviewed […]
At-home digital health: Here’s what you need to know
Demand is increasing for at-home digital health systems, where sensors follow people’s health data and automatically turn them into real-time insights for themselves and their health providers. From ResMed and its connected CPAP technology to Clarify Medical getting user feedback for its light therapy system for skin conditions, medical device companies have started to score […]
NIST proposes new universal standard for CT calibration
Scientists at the National Institute of Standards and Technology have proposed a new universal standard for calibrating computed tomography devices that they claim may improve comparisons between scans from various devices. The newly released calibration approach was outlined in a research paper recently published in the academic journal PLOS One, the NIST said in a […]
Avita says EU sales temporarily interrupted, inks Japanese distro deal for Recell
Avita Medical (ASX:AVH) said yesterday that sales of its Recell device in the European Union were temporarily interrupted due to an administrative issue with its notified body and announced a new Japanese marketing and distribution deal. The Valencia, Calif.-based company said that the sales interruption occurred after its EU-based notified body “reported open items related to […]
Medtronic updates on corrected safety analysis for paclitaxel-coated balloon
Medtronic (NYSE:MDT) said last week that a revised safety analysis of its In.Pact drug-coated balloon has been accepted by the Journal of the American College of Cardiology. Last month, the medtech titan reported that a programming error inadvertently caused mortality data to be omitted from a statistical analysis involving the company’s paclitaxel-coated balloon. Get the full story at our […]
Medtronic registers for undisclosed EU-based debt offering
Medtronic (NYSE:MDT) has registered for a new undisclosed debt offering based in the European Union, according to recently posted SEC filings. The company will look to offer a slew of new general unsecured senior notes in the funding round, according to the filing. Medtronic said it plans to offer floating rate senior notes due 2021 alongside […]
Almirall deals ThermiGen medtech assets to Celling Biosciences
ThermiGen owner Almirall said today that it sold its ThermiGen assets to Celling Biosciences for an undisclosed amount. The deal is expected to close on March 29, Barcelona-based Almirall said. Through the deal, Austin, Texas-based Celling Biosciences will take control of Thermi and its 94 Dallas-based employees as well as its more than 2,000 users, […]