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.
If you read nothing else today, make sure you’re still in the know with MassDevice +3.
3. St. Jude CEO: Device tax will have “unintended consequences”
The 2.3% medical device tax will spur more consolidation within the industry as the measure cuts investments and impacts company valuations, says St. Jude Medical CEO Daniel Starks.
2. Wall Street flees as Intuitive Surgical reports softness in prostatectomies
Intuitive Surgical shares lose 6% in after-hours trading after the company releases its 2nd quarter earnings report, which beat Wall Street expectations but demonstrated softness in prostatectomy procedures.
1. Report: Is Medtronic looking to invest in India’s largest med-tech provider?
Reports from India suggest that Medtronic may be negotiating a strategic equity infusion into Trivitron Healthcare, which calls itself the “largest Indian medical technology company.”
