Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 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.
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5. Halyard Health picks up Corpak Medsystems
Halyard Health said today it picked up enternal access solutions company Corpak MedSystems for $174 million.
Corpak, a Linden Capital Partners portfolio company, develops, manufactures and markets a range of branded enternal access devices, Halyard Health said. Read more
4. Biotronik wins FDA nod for BioMonitor 2
Biotronik said today it won FDA premarket approval for its BioMonitor 2 magnetic resonance imaging-compatible insertable cardiac remote monitor.
The BioMonitor 2 device is designed for remote monitoring of patients with atrial fibrillation, syncope, bradycardia and tachychardia, Biotronik said. The device uses Biotronik’s ProMRI technology and is approved for full-body MRI scans at 1.5 and 3 tesla strength. Read more
3. DJO Global, Zimmer-Biomet’s EBI finally escape bone-growth stimulator suit
It took 11 years, but DJO Global and Zimmer Biomet subsidiary EBI finally escaped the civil side of a False Claims Act lawsuit yesterday alleging that they defrauded Medicare with the sale of bone-growth stimulators.
The suit, filed in 2005 by the owner of a Missouri durable medical equipment billing services company named Jeffrey Bierman, alleged that a raft of companies submitted false Medicare claims for the osteogenesis stimulators. The claims for purchasing the devices should have been made for renting them, Bierman alleged; furthermore, the devices were prescribed for much longer periods of time than was medically necessary, he claimed in the lawsuit. Read more
2. Stryker spree continues with SafeWire asset buy
Stryker continued its acquisition spree yesterday with the purchase of SafeWire’s spine device line for an undisclosed amount.
SafeWire’s Y-Wire guidewire and Tiger Jamshidi needle family are slated to join Stryker Spine’s portfolio of minimally invasive devices, the Kalamazoo, Mich.-based company said. Read more
1. Foundry spinout Fire1 raises $7.5m Series B
Stealthy Irish medical device startup Fire1 said today that its investors, including Medtronic, put up another $7.5 million for its Series B round.
Dublin-based Fire1, a spinout from medical device incubator The Foundry, also said it tapped former ResMed executive Conor Hanley to be its president & CEO and added another pair of senior leaders. Read more
