MiMedx CEO Parker H. “Pete” Petit and COO and President William C. “Bill” Taylor have resigned as a board-directed independent investigation continues into accounting practices, Marietta, Ga.–based MiMedx (Nasdaq: MDXG) announced today. Petit and Taylor’s exit comes after recent departures of MiMedx’s CFO and corporate controller and treasurer. In addition to the resignations of top brass, the […]
No-shows at radiology can cost a hospital $1 million a year, study says
People who fail to show up for radiology appointments cost hospitals about $1 million per year on average, according to a new study. That’s as much as the cost of a new 3T MR scanner. Most of the no-shows at academic medical centers were for mammography appointments, according to the study, published in Current Problems in Diagnostic […]
Johnson & Johnson launches new self-shortening Dynacord suture
Johnson & Johnson through its DePuy Synthes franchise has announced the U.S. launch of its Dynacord suture for soft tissue repair in areas such as the rotator cuff in the shoulder. The Dynacord suture, available on Healix Advance anchors, is part of the DePuy Synthes Mitek Sports Medicine portfolio. J&J launched Dynacord today at the San […]
Stealthy IC Surgical raises $1 million
IC Surgical — a surgical products startups begun by the owner of a plastic surgery center in western Michigan — has raised $1 million, according to a Form D filed this week with the U.S. Securities and Exchange Commission. The Form D lists a date of incorporation of 2014, with a principal place of business […]
Bay Labs wins FDA clearance for AI-based echocardiogram analysis
Bay Labs has received 510(k) clearance from U.S. FDA for use of its EchoMD AutoEF software product to provide fully automated clip selection and calculation of left ventricular ejection fraction (EF), the San Francisco–based company said today. The EF is the percentage of blood leaving a heart each time it contracts. Bay Labs in its news release […]
Paragonix Technologies aims to boost survival of donated lungs
Many lungs being transported for transplant arrive in such bad shape that they cannot be used. Paragonix Technologies, Inc. aims to change that with SherpaLung, a specialized cooler that keeps lungs properly inflated and at the right temperature to survive an airplane trip. Paragonix Technologies just landed support from the Lung Transplant Foundation to continue developing […]
More information out about One Discovery Square near Mayo Clinic
A new website is providing more details — including a new anchor tenant —for One Discovery Square, the roughly 90,000-square-foot biotech research, collaboration and innovation space under construction near Mayo Clinic in Rochester, Minn. Slated to open in April 2019, the four-story building is meant to be the first step in the creation of an innovation […]
Clinical Innovations purchases Australian distributor JB Medical Supplies
Labor, delivery and neonatal intensive care devices company Clinical Innovations (Salt Lake City) has acquired Australian distributor JB Medical Supplies. The deal, announced yesterday, is meant to bolster Clinical Innovations’ position in Australia. JB Medical Supplies will operate as a wholly owned subsidiary of Clinical Innovations. Financial terms of the deal were not disclosed. Get the full story […]
CoreLink buys Expanding Orthopedics and its expanding spinal fusion systems
Spinal implant systems maker CoreLink (St. Louis) said today that it has acquired the privately held Israeli medical device company Expanding Orthopedics and its FDA-cleared expanding and articulating FLXfit and FLXfit 15 titanium transforaminal lumbar interbody fusion systems. Financial terms of the deal were not disclosed. Besides acquiring the FLXfit and FLXfit 15, the Expanding Orthopedics […]
Power morcellation: Questions linger for controversial tech
Dr. Amy Reed’s tragic case brought to light the cancer risks posed by power morcellation. Her death hasn’t stopped lingering questions about the technology. Power morcellators were used for 20 years to laparoscopically remove fibroids, benign tumors of the uterus, raising not a single adverse event report with the FDA. That all changed in 2013, […]
FDA launches medical device innovation challenge to combat opioid crisis
The U.S. FDA today announced that it has launched an innovation challenge to encourage the development of medical devices to help reduce the country’s opioid abuse crisis. The hope is that the challenge will result in new medtech including digital health technologies and diagnostic tests to help detect, treat and prevent addiction, according to FDA. Go […]
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