Say hello to MassDevice +3, a bite-sized view of the top three medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 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.
3. Toshiba bails on non-imaging healthcare biz
Toshiba said today that it’s planning to ditch or transfer all of its healthcare business that’s not a part of Toshiba Medical Systems, its imaging division, and forecast higher losses for the rest of the year.
A bidding war for Toshiba Medical is heating up among a slew of private equity players and rival corporations, as the Japanese industrial conglomerate seeks outside investors to buy a controlling share in the business. Today Toshiba said it would either shut down or transfer all of its other healthcare businesses by the end of March. Read more
2. Boston Scientific beats The Street with Q1, 2015 earnings
Boston Scientific beat expectations on Wall Street with its 4th-quarter and full-year earnings but missed the sales mark by just $12 million.
Losses were down -52.5% to -$142 million for the Marlborough, Mass.-based medical device giant, for losses per share of -11¢, on sales growth of 4.8% to $1.98 billion. Read more
1. Maquet & Biotronik ink distribution deal for peripheral devices
Getinge’s medical subsidiary Maquet Medical Systems USA said today it is partnering with Biotronik to distribute the German firms peripheral vascular devices in the U.S.
Maquet will distribute “a range” of Biotronik products designed to treat peripheral artery disease, including its Astron iliac self-expanding stent, Passeo percutaneous transluminal angioplasty balloon products and the line of Fortress reinforced sheaths, the companies said. Read more
