Stryker (NYSE:SYK) is reportedly expanding its Stryker Communications operation in Texas as it consolidates other businesses in South Carolina and the Lone Star State. Kalamazoo, Mich.-based Stryker is expanding the communication business HQ in Flower Mound, Texas, to more than 200,000 square feet to accommodate some 200 new workers, the Dallas Business Journal reported. The […]
Surgical
LivaNova warns on possible endotoxin contamination in anesthesia equipment
LivaNova (NSDQ:LIVN) issued an urgent field safety notice concerning possible endotoxin contamination of unnamed surgical equipment related to anesthesia. LivaNova has not publicly released which specific devices, or the lot numbers associated with the products, are affected by the safety notice. The notice indicates that the company identified a number of products with endotoxin levels “greater […]
Via Surgical raises $6m for FasTouch hernia suture
Via Surgical said today that it raised a $6 million funding round for its FasTouch hernia suture. Benslie Investment Group led the round, with managing partner Nicolas Weinstein joining Amirim, Israel-based Via Surgical’s board. “The addition of Benslie Investment Group to our highly experienced team validates the opportunity to advance patient care with the FasTouch deployable suture fixation system. […]
Titan Medical plans Canadian offering to build 1st Sport robots
Titan Medical (CVE:TMD) said yesterday it is planning a Canadian overnight marketed public offering to support the production of its minimally invasive robotic Sport Surgical System. Titan Medical’s Sport surgical system is a minimally invasive robotic surgery system featuring the company’s Single Port Orifice Robotic Technology and 3D imaging and interactive instruments, the Toronto, Ontario-based company said. […]
JustRight Surgical raises $11m Series B
JustRight Surgical said it raised a total of $11.2 million in a Series B debt-and-equity round for its surgical stapler and sealing devices. The Series B round, including $4.2 million in equity and $7 million in debt financing, is earmarked for furthering the U.S. and European commercialization of the Louisville, Colo.-based company’s devices. Founded in 2010, […]
Study: No benefit for biological mesh in hernia repair
Using biologic mesh for abdominal wall hernia repair provides no benefit over using cheaper synthetic mesh, according to a new study from the UT Southwestern Medical Center that compared the 2 materials. Findings from the study were reported earlier this week in JAMA Surgery. “In the absence of evidence demonstrating superiority of biological mesh materials, the […]
Stealthy GTX Surgery raises $2.1 million for mobile surgical sim
Stealthy mobile developer GTX Surgery raised $2.1 million in a new round of equity financing, according to an SEC filing posted this week. According to Chicago-based healthcare incubator Matter Chicago, GTX is developing medical simulations using modern video game technologies that will be usable on mobile devices, such as smartphones. “GTX Surgery rallies communities of […]
Gore wins 510(k) for Synecore hernia repair biomaterial
W.L. Gore & Associates said today it won FDA 510(k) clearance for its Synecor biomaterial designed for open, laparoscopic and robotic single-stage hernia repairs. The Synecor biomaterial is comprised of dense monofilament polytetrafluoroethylene macroporous knit to provide strength and reduce bacteria growth, Gore’s Bio-A Web tissue scaffold and a non-porous PGA/TMC film to minimize tissue […]
UPDATE: Zipline raises $19m for Zip surgical closure tech
ZipLine Medical, which last week reported a more than $16 million funding round in a regulatory filing, said today that it pulled in $19 million for its Zip surgical wound closure technology, led by new backer MVM Life Science Partners and including existing investor China Materialia. “This financing allows us to further expand our global sales and marketing activities leveraging the […]
Stryker shares tick up on raised earnings outlook
Stryker (NYSE:SYK) shares ticked up today after the medical device company yesterday raised the low end of its earnings outlook and reported 4th-quarter preliminary results that met expectations on Wall Street. Kalamazoo, Mich. based Stryker said it now expects to post adjusted earnings per share of $5.09 to $5.12, up from prior guidance of $5.07 […]