The Financial Times reported yesterday that a duo of private equity firms approached Hologic about a potential acquisition. According to the report, TPG and Blackstone presented a joint offer to take the Marlborough, Massachusetts–based women’s health and diagnostics company private. The firms reportedly valued the deal at more than $16 billion. FT reports that Hologic […]
Gynecological
BD launches bioabsorbable mesh for hernia repair following FDA nod
BD announced today that it received FDA 510(k) clearance for its Phasix ST umbilical hernia patch. The company has now initiated the launch of Phasix ST, the first and only fully absorbable hernia patch on the market designed specifically for umbilical hernias, according to a news release. Phasix ST features Poly-4-hydroxybutyrate (P4HB), a biologically-derived material. […]
Hologic adds Solventum CFO McMillan to its board
Hologic announced that it appointed Wayde McMillan to its board of directors, effective April 4, 2025. Along with his appointment to the board, McMillan was also appointed to the board’s Audit and Finance Committee. Currently, McMillan serves as CFO at Solventum, the 3M Health Care spinoff. He officially became Solventum’s CFO after its 2024 separation, […]
Hologic completes acquisition of Gynesonics
Hologic announced today that it completed its $350 million acquisition of Gynesonics. Marlborough, Massachusetts–based Hologic announced an agreement to buy Gynesonics in October. Gynesonics develops minimally invasive medical device solutions for women’s health, including the Sonata system. Gynesonics designed Sonata for diagnostic intrauterine imaging and transcervical treatment of certain symptomatic uterine fibroids. That includes those […]
FemPulse wins FDA IDE for for overactive bladder neuromod
FemPulse announced today that it received FDA investigational device exemption (IDE) approval for its overactive bladder (OAB) therapy. The company can now begin the EVANESCE II pivotal clinical trial in female patients suffering from OAB. Its FemPulse system is already at the final stage of the EU MDR process for regulatory approval in that region. […]
Hologic to close Connecticut facility, lay off 86 employees
Hologic notified the state of Connecticut that it plans to cut 86 jobs at its Danbury, Connecticut facility. CTInsider first reported the layoffs yesterday, Oct. 21. The women’s health and diagnostics company sent a letter notifying Connecticut’s Labor Dept., dated Oct. 18, 2024. Layoffs at Hologic may raise eyebrows after CFO Karleen Oberton gave an […]
Cook Medical launches IVF device in U.S.
Cook Medical announced that it launched its NestVT vitrification device for in-vitro fertilization (IVF) in the U.S. Bloomington, Indiana-based Cook designed NestVT as a secure solution for embryos and oocytes during vitrification, cryo-storage and relocation. The company says the launch coincides with an effort to become a trusted IVF partner. It plans to offer simulation […]
Hologic to acquire Gynesonics in $350M deal
Hologic this week announced it signed a definitive agreement to acquire Gynesonics for approximately $350 million. Gynesonics develops and sells the Sonata System, a diagnostic intrauterine imaging and transcervical treatment system for symptomatic uterine fibroids. The company designed the system to combine real-time intrauterine ultrasound guidance with targeted radiofrequency ablation in a minimally invasive procedure. […]
The top 10 women’s health stories of the year so far
It has been a blockbuster year for women’s health as the federal government and medtech place particular focus on the wellbeing of women. At the start of the year, President Joe Biden announced the federal government would focus its health initiatives on improving women’s health outcomes. Since then, his administration has announced two other federal […]
BD to settle majority of existing hernia litigation
BD announced that it reached an agreement to resolve the vast majority of its existing hernia litigation. Terms of the settlement agreement — which remain confidential — include cases in the Rhode Island consolidated litigation and federal multidistrict litigation in Ohio. BD has the amount payable within its product litigation reserve for this matter. The […]
The top 10 urology device stories of 2024 so far
Urology Week 2024, which closes out The Urology Foundation’s Urology Awareness Month, is a good time to highlight the innovations in this space. This week (Sept. 23-29), is an initiative of the European Association of Urology that brings together national urological societies, urology practitioners, urology nurses, patients and their families, and politicians to create awareness of urological […]
