Say hello to MassDevice +3, a bite-sized view of the top three med-tech 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. Indiana Senator forsees medtech tax repeal as startups decry the new burden
Young medical device companies say the medical device tax will delay profitability and hurt their ability to raise capital, but Senator Dan Coats (R-Ind.) is optimistic that the Senate’s recent non-binding vote to strike the tax will lead to true repeal.
2. Medtech M&A Madness
There’s been a flurry of merger & acquisition activity in the medical device industry recently, ranging from Kimberly-Clark‘s (NYSE:KMB) buyout of Life-Tech’s anesthesia business to Thermo Fisher‘s (NYSE:TMO) multi-billion-dollar pursuit of genetic test maker Life Technologies Corp.
1. J&J’s Cordis escapes $593M stent patent infringement loss
A federal appeals court reverses a $593 million patent infringement loss for Johnson & Johnson’s Cordis stent-making arm.
