Verily — Google’s life sciences sister company under Alphabet (NSDQ:GOOG) — has hired Tesla veteran Deepak Ahuja as its CFO, according to a report on CNBC. Ahuja previously served two stints as CFO at Tesla. He left Tesla in early 2019 and was serving as a senior advisor to Capricorn Investment Group, according to his LinkedIn […]
Medtronic wins CE Mark for Percept PC neurostimulator
Medtronic (NYSE:MDT) said today that it has secured a CE Mark for its Percept PC neurostimulator. The medical device giant is touting Percept PC as the only deep brain stimulation (DBS) system launched in the EU with BrainSense technology — which senses and records brain signals while delivering DBS therapy to people with neurological disorders such […]
Funck to move up to CFO spot at Abbott
As Abbott (NYSE:ABT) plans a change at the corner office for the first time in decades, the company is getting a new CFO, too. Abbott’s board yesterday appointed Robert Funck Jr. as the company’s new EVP and CFO, effective March 1, according to an SEC filing. Funck will replace Brian Yoor, who will officially retire on […]
Abbott LVAD wins FDA approval for implantation without open heart surgery
Abbott (NYSE:ABT) today announced that FDA has approved implantation of its HeartMate 3 LVAD via lateral thoracotomy — a less invasive approach than open-heart surgery. The approval comes about a year and a half after Medtronic (NYSE:MDT) won a similar approval for the competing HeartWare HVAD pump. Lateral thoracotomy involves a surgeon making an incision between a person’s […]
Medinol stent performs just as well as Medtronic Resolute, study says
The EluNIR drug-eluting stent made by Medinol performed just as well as the Resolute Integrity or Resolute Onyx stents from Medtronic (NYSE:MDT), according to new clinical study results from an international team of researchers. The randomized clinical trial — conducted by researchers from the U.S., Israel, Canada and the Netherlands — involved 2,221 people and compared […]
The 10 greatest medtech advances of the 2010s
From disposable endoscopes to TAVR to robotic surgery, there’s a whole host of medtech advances widely available now that weren’t around much 10 years ago. “In terms of technological advances, I would put this past decade as one of the most important for medical technology. From connected devices and robotics, to advances in material sciences […]
Masimo’s improved pulse oximetry tech now available to all U.S. newborns
Masimo (NSDQ:MASI) has won FDA clearance for pulse oximetry sensors with improved oxygen saturation accuracy specifications for newborns over 3 kg in weight. Masimo touted significantly improved performance specifications for the RD SET sensors with Masimo Measure-through Motion and Low Perfusion SET pulse oximetry. The improved specs were already available for babies under 3 kg, so […]
Hologic completes sale of Cynosure medical aesthetics business
Hologic (NSDQ:HOLX) announced today that it has completed the previously announced $205 million sale of its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice. Minus closing adjustments, Hologic initially estimates it will receive net cash proceeds of $142 million from the sale. CEO Steve MacMillan previously said the sale […]
10 medical device industry stories you need to know
From leadership changes to tax repeal to robots — lots of robots — this was a busy year for the medical device industry. Here are 10 stories in the medtech space that especially caught the eye of MassDevice and Medical Design & Outsourcing editors and readers in 2019. Next>>
Proton therapy lowers risk of side effects for cancer patients, study says
Findings from a new study claim that proton therapy leads to a significantly lower risk of side effects severe enough to lead to unplanned hospitalizations for cancer patients when compared to traditional radiation. Although cure rates between the proton therapy and radiation groups remain almost identical, the study conducted at the Perelman School of Medicine […]
FDA gets rid of former administrator’s old Twitter account
The FDA has put former FDA commissioner Dr. Scott Gottlieb’s official agency Twitter account on ice, with visitors to @SGottliebFDA seeing a Twitter message saying that the account doesn’t exist. “This was a logistical decision made at the staff level that is in compliance with all applicable law,” FDA said in a statement emailed to […]
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