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The MassDevice Weekly Roundup brings you the latest medical device news and information.
The MassDevice Checkup
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 
News
Insulet’s Q3 sales rise, operating losses narrow as it up its full-year guidance
The Bedford, Mass.-based insulin management system maker’s third-quarter sales rise more than 85 percent to $19 million; operating losses narrow to $13 million, a 30 percent decline. Read More
Thermo Fisher closes B.R.A.H.M.S. buyout, launches first product
Waltham, Mass.-based Thermo Fisher’s specialty diagnostics business closes its $470 million buyout of the German in-vitro diagnostics maker and launches its first product in Europe. Read More
American Well drums up $10 million
Boston-based developer of web-enabled, on-demand healthcare services raises $10 million through equity offering. Read More
Becton, Dickinson to buy molecular diagnostics firm HandyLab
New Jersey-based BD plans to integrate its GeneOhm molecular assays with Ann Arbor, Mich.-based HandyLab’s platform. Read More
Hwang: Take healthcare out of the hospital
Jason Hwang, an internist and director of healthcare for the Innosight Institute, told attendees at the 2009 Connected Health Symposium in Boston that the best way to reform healthcare is to let disruptive, “bottom-up” technologies de-centralize the system. Read More
Fed crackdown on Medicare fraud continues
Authorities charge six Houston-area residents for allegedly billing Medicare for non-existent or unneeded medical equipment. Read More
Earnings Roundup
It’s third-quarter sales and earnings season again,
and MassDevice is once again in the thick of it with our ongoing coverage. Read More
European biotech firm Biocell opens U.S. HQ in Medford, Mass.
The company, which pioneered a method of preserving amniotic stem cells, opens a tissue bank and research operation just north of Boston. Read More
Allegro Diagnostics lands $3 million SBIR grant
The Boston-based lung cancer diagnostics developer gets a $2.8 million grant from National Cancer Institute to fund a clinical trial of its BrochoGen molecular diagnostic test. Read More
Nuclea Biotherapies snares $3.4 million
The Worcester, Mass.-based biotech startup is trying to commercialize cancer-cell lines used to develop new drug-based therapies. Read More
Exact Sciences licenses Hologic’s Invader diagnostics line
The Madison, Wis.-based colorectal cancer diagnostics maker will couple digital polymerase chain reaction with Hologic’s molecular detection platform for its stool-based cancer test. Read More
Harvest Technologies wins FDA approval for clinical trial
The Plymouth, Mass.-based firm got a green light from the Food & Drug Administration to begin a trial of its technique to use stem cells during coronary artery bypass surgeries. Read More
Federal appeals court upholds dismissal of shareholders suit against Guidant
The Boston Scientific subsidiary gets a win in a lawsuit accusing it and former management of malfeasance related to problems with its defibrillators and the BSX acquisition. Read More
FDA warns Baxter over cancer treatment device
The Food & Drug Administration says the labeling on the medical device giant’s Isolex device is false and misleading. Read More
Cambridge Consultants launches connected health device and portal
Local design and engineering firm releases the VenaHub personal health device and portal in conjunction with the Connected Health Symposium. Read More
Feds arrest 20 in Medicare fraud crackdown
Indictments allege defendants submitted $26 million in phony claims to the federal insurance program for power-wheelchairs and orthotic devices. Read More
FDA warns Philips Healthcare on manufacturing plant violations
The Food & Drug Administration sent a warning letter to Philips Healthcare, warning it of violations found during spot inspections of Philips plants, including one in Andover, Mass. Read More
Pressure BioSciences targets forensics labs
The Easton, Mass.-based pressure cycling technology maker targets DNA testing in forensics labs after research results show its device can enhance DNA extraction from aged, degraded or otherwise challenging samples. Read More
FDA investigates Abbott, Hospira device cords
The Food & Drug Administration is looking into reports concerning medical devices made by Abbott and Hospira that their power cords, made by another company, are defective. Read More
Invivo Therapeutics resumes second primate study
Despite a setback, and a pending lawsuit against Oregon Health & Science University, the Cambridge, Mass.-based spinal tissue regeneration developer says it’s back on schedule with primate tests and doing “fantastic.” Read More
Sponsored Blog
Marketing Mavens: Can you get a witness?
The Federal Trade Commission’s new endorsement rules says yes, but only with full disclosure. Read More
Jobs
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
Featured job: Territory Manager at Haemonetics Corp.
Haemonetics, the blood management company, is seeking a territory manager for Southern California to function as a Blood Management Advisor to customers.
Learn more about this position
Features
MassDevice Q&A: Maggie Pax
The business development VP for the implantable drug/device developer on innovation through diversity and her keynote address at the Medical Product Outsourcing Symposium. Read More
MassDevice Q&A: Michael Frazzette
The Smith & Nephew Endoscopy president on how arthroscopic techniques have evolved and the importance of staying focused on customers and core business. Read More
Blogs
MassDevice blog: Preemption in action
A federal judge in Arizona tosses a product liability lawsuit against Allergan over a defective breast implant, ruling that its approval by the Food & Drug Administration preempts any applicable state laws. But a closer look shows that the plaintiffs might have lost the case anyway, even without preemption. Read More
Weekly Wireless Roundup: Boston Scientific’s Latitude goes mobile
Boston Scientific’s concept iPhone app aims to take its Latitude patient monitoring portal mobile; accountability for physicians and patients; aphorisms for wireless health; and the question of whether wireless health needs a medical app store. Read More
medGadget MedTech Monday: GE’s Vscan pocket ultrasound
At 3-by-5-by-1 in., General Electric’s thumb-operated ultrasound device offers a color Doppler readout; a virtual autopsy table; ultra-high-resolution laparoscopy; and the annual TEDMED conference hits sunny Coronado Island. Read More
Reimbursement Row: Healthcare reform without a single payer option is just a Band-aid fix
The so-called single-payer option might be the health insurance industry’s single best option. Read More
Upcoming Events
Featured Events
Oct. 27-28, Waltham, Mass. — Medical Product Outsourcing Symposium East
MassDevice users can save $400 on conference registration by using the code “MassDev”
“The practice of outsourcing continues to present challenges to medical devices manufacturers. This event is a high-level educational and networking program, designed to offer relevant information for solving business-critical issues in an environment that fosters interaction and industry development.”
Oct. 27-28, Boston, Mass. — CIMIT Innovation Congress 2009
MassDevice users can save 10 percent on conference registration by using the code “MO-DEV”
“Accelerating Healthcare Solutions Through Technology: The CIMIT Innovation Congress is the premier event catalyzing innovations in medical device technology. It’s the only place where academia, government, industry, and the military convene to learn and network with national leaders who are shaping tomorrow’s healthcare solutions.”
Other events
Oct. 26-27, Waltham, Mass. — New England-Israel Life Sciences Summit
Oct. 27, online — Marsh Risk Consulting’s free webinar, “Monetizing Intellectual Property: Selling or Licensing your IP”
Oct. 27, Boston — Third Annual Boston Biotech Conference
Oct. 28, Waltham, Mass. — The Capital Network presents “Networking for Fundraising Success”
Oct. 28, Waltham, Mass. — ASQ NE Biomedical Discussion Group Roundtable: Sterilization Process
Oct. 28, Boston — Massachusetts Life Science Center Board Meeting
Nov. 4, Boston — Future Trends in the Biomedical Engineering Industry
Want to list your event on our weekly newsletter? Contact us at editor@massdevice.com.
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