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. Ortho stocks jump on strong Q2 prelims for Biomet
Shares of orthopedic device makers are up this morning after bellwether Biomet Inc. reported preliminary sales numbers indicating 3.8% growth for its fiscal second quarter.
2. Philips moves med-tech jobs to Ohio
Philips Healthcare (NYSE:PHG) plans to move 100 jobs to a Highland Heights, Ohio-based research & development facility as it cuts back at its nuclear medicine arm in San Jose, Calif.
1. IRS wants Medtronic to pay $958M tax tab
Medtronic Inc. (NYSE:MDT) is under the spotlight at the IRS for profit-shifting practices that effectively cut its corporate tax rate in half.
