The MassDevice Weekly Roundup brings you the latest medical device news and information.
Our weekly checkup takes the temperature of the public medical device companies in the three largest markets in the U.S.: Massachusetts, Minnesota and California. In addition to the indices for each state, which track the overall movement of the sector, we compare Monday morning’s opening share prices with their value when the markets close Friday afternoon and calculate the biggest gainers and losers. Read More
Integra LifeSciences buys Innovative Spinal Technologies assets for $9 million
New Jersey-based holding company buys the assets of the defunct spinal implant maker, plans to launch IST’s Paramount minimally invasive lumbar repair device next year. Read More
FDA hits Medtronic sutureless catheter with Class I recall
Design flaw caused leakage, other problems in 10 patients when implant was used with Medtronic IsoMed infusion pumps. Read More
Boston Scientific inks urological diagnostics deal
The Natick, Mass.-based devices giant will market Bladder Health Networks’ urinary incontinence diagnostic tool. Read More
DePuy Mitek loses bid to blame patent infringement on surgeons
A federal judge slapped down the Raynham, Mass.-based orthopedic device maker’s claim that it couldn’t be responsible for the infringement because it’s the surgeons who use the device. Read More
Indiana jury hands Guidant a win in lawsuit over toddler’s death
An Indiana jury found that the Boston Scientific subsidiary isn’t liable in the death of a 14-month-old girl whose pacemaker failed. Read More
Obama pitches Congress on healthcare reform
President Barack Obama delivered a few more details on his ideas for reform in an address to Congress last night, meeting stiff partisan opposition and one Congressman who called him a liar. Read More
Spire to sell catheter business to Bard Access Systems for $15 million
The Bedford, Mass.-based company, planning to concentrate on solar energy, exits the medical device business. Read More
Report: Fewer FDA medical device inspectors handle more complaints
The number of adverse event reports at the Food & Drug Administration spiked even as the number of field investigators declined. Read More
NeuroMetrix raises nearly $19 million in stock sale
Waltham, Mass.-based nerve test equipment manufacturer inks private placement deals for 9 million shares. Read More
The MassDevice Career Connector: Open jobs in the medical device industry
Our jobs board has hundreds of open positions at medical device makers around the country. Read More
MassDevice blog: Baucus bill would see medical device makers pony up $4 billion a year
A “framework” version of a healthcare reform bill by Sen. Max Baucus would see medical device manufacturers pay $4 billion a year, starting in 2010, allocated by market share. Read More
Weekly Wireless Roundup: CardioNet enhances cardiac monitoring
Remote cardiac monitoring provider gives physicians more in-depth data; Henry Ford Health’s device-free remote monitoring pilot; Halo Monitoring synchs to Microsoft’s HealthVault; and the real top BlackBerry medical apps. Read More
Dollars & Spence: Wireless connectivity and medical devices
Integrating wireless technology into medical devices presents the industry with both a carrot and a stick: Stimulus cash (carrot) versus increasing demand for connective devices from hospitals (stick). Read More
MedGadget’s MedTech Monday: No-pressure foot scanner for diabetics
MeDaVinci’s no-pressure foot scanner monitors for infection and inflammation; individualized artificial voice for laryngectomy patients; St. Jude’s Brio deep brain stimulator wins EU OK for Parkinson’s; and a home sleep monitoring system. Read More
Reimbursement Row: A $4 billion price tag for the device industry?
The medical device sector is grappling with a bout of sticker shock over a proposed $4 billion “reform contribution” to the healthcare reform effort in Washington. Read More
September 10-11th, Boston — Inaugural Medical Device Connectivity Conference
September 16th, Waltham, Mass. — Medical Development Group networking event: “Supernetworking: Start-up Funding in Hard Times”
October 2nd, Boston — MassMEDIC’s Annual Investors Conference
“New England is a hotbed of cutting-edge research in the medtech industry. MassMEDIC is proud to offer an opportunity for regional promising early stage companies to showcase their technologies before an audience of potential investors and strategic partners. The Investors Conference has been a seminal event for medtech start-ups, more than 250 companies have participated in the Conference since 1999 — many making their debut before investors.
“While the primary focus of the Investors Conference is on finance and investment, the annual program has also become an outstanding networking event, drawing more than 450 attendees representing every facet of medtech’s finance, manufacturing, development and service supply sectors.”
For more information visit MassMEDIC’s website.
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