Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This latest feature of MassDevice.com’s coverage highlights our three biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
If you read nothing else today, make sure you’re still in the know with MassDevice +3.
3. Obama signs a sweeping patent reform law
President Barack Obama signed the America Invents Act last week, shifting the U.S. patent system from first-to-invent to first-to-file, the biggest change to the way inventions are credited in decades.
2. Wright Medical puts a new man in charge
Wright Medical (NSDQ:WMGI) moved Robert Palmisano into the corner office. The former ev3 Inc. big shot takes over as president & CEO amid Wright’s ongoing legal troubles over an alleged kickbacks scheme.
1. J&J’s non-compete pact drives the terms of Mahoney’s move to Boston Scientific
The terms of Michael Mahoney’s move from Johnson and Johnson (NYSE:JNJ) to president – and eventual CEO – at its Natick, Mass.-based rival, Boston Scientific (NYSE:BSX), were driven by a strict non-competition agreement between J&J and Mahoney.