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Latest News on MassDevice

Cambridge Heart touts positive results for heart attack test

March 3, 2009 By MassDevice staff

Cambridge Heart Inc. is touting a study of a test it says can accurately predict the risk of a sudden heart attack.

The Tewksbury-based maker of cardiac diagnostic products said it published four papers in support of the Microvolt T Wave Alternans test.

Dr. Stefan Hohnloser, director of electrophysiology at the J.W. Goethe University’s cardiology department in Frankfurt, Germany, performed a “meta analysis” of 13 clinical studies involving 6,000 heart patients.

Filed Under: Business/Financial News, Diagnostics

Boston Scientific’s Taxus stent clears Japanese regulatory approval

March 3, 2009 By MassDevice staff Leave a Comment

Boston Scientific Corp.‘s Taxus Liberte drug-eluting stent was given regulatory approvals in Japan, clearing the way for its appearance on the Japanese market.

The Natick medical device leviathan said March 3 that its paclitaxel-eluting coronary stent system was approved Jan. 28 by Japan’s Ministry of Health, Labor and Welfare. Reimbursement was granted March 2 by the country’s National Health Insurance System.

About 1,300 medical centers perform cardiac catheterizations in Japan, implanting an estimated 200,000 coronary stents annually, according to Boston Scientific.

Filed Under: Business/Financial News, Drug-Eluting Stents

Court Square Group picks up QA Edge’s validation business

March 3, 2009 By MassDevice staff

Court Square acquired QA Edge’s computer validation business for an undisclosed amount.

Springfield-based Court Square, which provides clinical, regulatory, manufacturing and quality assurance services to life science companies, said the deal augments its QC consulting practice and is part of its planned expansion on the East Coast.

The QA Edge business is based in Garnet Valley, Pa.

Filed Under: Business/Financial News

Bruker BioScience Corp. leaves a few behind to look ahead

March 3, 2009 By MassDevice staff

The good news for Bruker BioScience Corp. is that it plans to aggressively invest in R&D efforts and expand into new markets. The bad news is that the company must cut jobs, freeze salaries and cut back on discretionary spending to do it.

“We were not satisfied with our operating margin trends in 2008,” CEO Frank Laukien said in a March 3 conference call with investors. “Our focus in 2009 is on cost-cutting and gross margin improvement, but we also intend to take advantage of new opportunities in the current market using our industry-leading products to continue to gain market share.”

Filed Under: Business/Financial News, Lab Instruments & Supplies

MassDevice Q&A: Susan Windham-Bannister, Part II

March 2, 2009 By Brian Johnson

The Massachusetts Life Sciences Center cuts a high profile these days. Created by the state Legislature in June 2006 to foster research and economic development in the Commonwealth’s substantial life science sector, the center has money to burn, thanks to the Life Sciences Act the Bay State passed last year.

Led by Susan Windham-Bannister, a former healthcare policy wonk turned business strategy consultant turned state life sciences czar, the quasi-public agency is charged with dispensing a mix of public and private funding to cultivate the state’s medical device, biotech and pharmaceutical sectors.

Filed Under: Blog Tagged With: MassDevice Q&A

Phase One sells surgical anchoring line to California company

March 2, 2009 By MassDevice staff Leave a Comment

Phase One Medical LLC sold its anchoring technology line to Nitinol Devices & Components of Fremont, Calif., for an undisclosed amount.

The deal was negotiated by Hatch Medical LLC, a technology brokerage firm, with which Phase One has collaborated in the past.

The anchoring technology is used to secure instruments during minimally invasive cardiovascular and radiology procedures and is one of four product lines the Carver-based company produces.

Filed Under: Business/Financial News, Orthopedics

Vitalize Consulting buys out r3 Health

March 2, 2009 By MassDevice staff

Vitalize Consulting Solutions Inc. acquired r3 Health Partners LLC for an undisclosed amount.

The Reading-based healthcare information technology software and service provider said the deal expands its footprint to the West Coast, where r3 has its Santa Ana, Calif. base. Vitalize also has operations in Kennett Square, Pa.

Former r3 managing principal John Dal Poggetto will join Vitalize as a senior vice president.

Filed Under: Business/Financial News, Health Information Technology, Software / IT

NuOrtho Surgical raises $1 million in series A round

March 2, 2009 By MassDevice staff

Two former executives from Johnson & Johnson and Stryker raised $1 million to fund the development of a device that uses radio frequencies to repair torn or frayed cartilage.

NuOrtho Surgical Inc. in Fall River raised the money from private investors and “individuals familiar with the orthopedic industry,” according to a press release.

The funds will be used to file for a 510k premarket notification with the U.S. Food and Drug Administration, ahead of a planned 2010 launch of NuOrtho’s first product.

Filed Under: Business/Financial News, Orthopedics

John E. Sununu joins Boston Scientific board

March 2, 2009 By MassDevice staff

Former U.S. Senator for New Hampshire John E. Sununu joined Boston Scientific Corp.‘s board of directors.

The Natick-based medical device colossus said March 2 that Sununu was elected to the board to replace Joel Fleishman, who will resign his seat in May.

Filed Under: Business/Financial News, Drug-Eluting Stents, Stents

CorNova integrates fiberoptics into stents

March 2, 2009 By MassDevice staff

CorNova Inc. is hoping to take stents to a new level by integrating fiberoptic technology into existing balloon catheter design.

The Burlington medical device manufacturer is developing balloon catheters designed to measure blood vessels from within the balloon during procedures, with an eye toward reducing incidences of stent restenosis (thrombosis), Mass High Tech reported.

Filed Under: Business/Financial News, Stents Tagged With: Technologies

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March 1, 2009 By MassDevice Leave a Comment

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