Two women have filed a class-action lawsuit against Allergan (NYSE:AGN), alleging that the company’s textured breast implants gave them a rare form of cancer. Separately, a California judge dismissed two lawsuits against Johnson & Johnson (NYSE:JNJ) subsidiary Mentor Worldwide over injuries allegedly caused by Mentor’s silicone breast implants. In the suit against Allergan, a woman […]
J&J’s Ethicon loses pelvic mesh appeal in Pennsylvania
The Pennsylvania Supreme Court has upheld a $2.43 million verdict against Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon in a pelvic mesh injury case. Sharon Beltz and her husband, Walter Beltz Jr. of Pen Argyl, Penn., won the verdict in 2017 based on their complaint that Sharon Beltz had suffered injuries due to mesh erosion and […]
Titan Medical delays timeline on Sport robot-assisted surgery device
Titan Medical (TSX:TMD;OTC:TITFX) today pushed back the timeline on its Sport robot-assisted surgery device, saying it now expects to file for 510(k) clearance from the FDA next year, sending its share prices down in New York and Toronto. With a successful human factors evaluation of the single-port device under its belt, the Toronto-based company said […]
Facing delisting, Viveve announces $6.76m funding round
Viveve (NSDQ:VIVE) said last week that it is looking to raise up to $6.76 million in a common stock offering, according to a regulatory filing. The stock is being offered at $0.13 per share, which was the last reported sale price of its common stock on August 15, 2019. The actual number of shares issued […]
Willow adds $23m for cordless, hands-free breast pump
Willow yesterday reported raising nearly $23 million for the cordless, hands-free breast pump it’s developing. The Mountain View, Calif.-based company, which gestated at California’s ExploraMed incubator, said in a regulatory filing that seven unnamed investors participated in the equity round, which brought in a total of $22.7 million. The latest raise takes the total funding […]
BD sues Stryker over PureWick catheter patents
Becton Dickinson (NYSE:BDX) this week levied a lawsuit against Stryker (NYSE:SYK), alleging infringement of patents covering its PureWick female external catheter. The lawsuit, filed August 12 in the U.S. District Court for Delaware, accused Stryker’s Sage Products subsidiary of violating two patents covering the PureWick device with Sage’s competing PrimaFit device, which Stryker acquired along with […]
Hologic beats The Street on Q3 earnings
Hologic (NSDQ:HOLX) reported third-quarter earnings this evening that beat the consensus forecast on Wall Street, raising its full-year guidance. The Marlborough, Mass.–based women’s health medtech company reported profits of $93.9 million, or $0.35 per share, on sales of $852.4 million for the three months ended June 29, for a bottom-line decrease of 16.8% and sales growth […]
Minerva Surgical claims win against Hologic
Minerva Surgical today claimed a win in its patent infringement war with Hologic (NSDQ:HOLX) over endometrial ablation technology, after a federal appeals court upheld a ruling that invalidates one of the Hologic patents in question. The convoluted battle involves the NovaSure device Hologic acquired with the 2007 buyout of Cytyc (which had acquired NovaSure developer Novacept […]
UPDATE: FDA asks Allergan to recall textured breast implants
UPDATED July 24, 2019, with new FDA statement. The FDA said today that it asked Allergan (NYSE: AGN) to recall its Biocell breast implants after concluding that they are six times as likely as other textured breast implants to cause an uncommon form of lymphoma. The federal safety watchdog said that nearly 84% of the 573 […]
AirXpanders abruptly pulls the plug
AirXpanders (ASX:AXP) abruptly pulled the plug yesterday, saying it plans to lay off nearly all its employees and file for Chapter 7 bankruptcy by the end of the month. The Palo Alto, Calif.–based company makes the AeroForm device for post-mastectomy breast reconstruction. It’s designed to expand and stretch the skin and underlying muscle prior to […]
First state AG suit over pelvic mesh heads to trial
The first lawsuit filed by a state attorney general, California’s Xavier Becerra, over pelvic mesh products went to trial yesterday in San Diego. The lawsuit alleges that Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon concealed the potential risks of pelvic mesh from the public and physicians. It’s the first of several lawsuits brought by state AGs […]
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