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.
Unilife said it plans to lay off about 50 workers, or roughly 17% of its workforce, after reporting wider losses for its fiscal 4th quarter and full-year 2015 and missing expectations on Wall Street.
Saying it now has a lineup of products to cover its target markets, York, Pa.-based Unilife said it’s looking to lower its operating expenses by cutting its R&D spend by 25% to 30% and reducing its sales, general & administrative costs by about 20%. Earlier this month Unilife tapped Morgan Stanley to help it evaluate “strategic alternatives.” Read more
Cardiovascular Systems revealed that president & CEO David Martin will stay on the job while he undergoes treatment for Stage II stomach cancer.
In a letter to employees, Martin wrote yesterday that his doctors believe his condition is curable. Read more
Medtronic said it signed a 10-year partnership with the Minnesota Vikings NFL team that includes sponsoring the “Medtronic Plaza,” a square connected to the team’s stadium.
The deal will put Medtronic’s moniker on the 3-acre gateway to the U.S. Bank Stadium the team plays in, as well as a community service program with the team and a permanent display of the company’s technological innovations inside the stadium. Read more