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. Stryker to begin New York layoffs ahead of the medical device tax
Stryker’s plans to cut more than 100 jobs by closing 2 New York manufacturing facilities will begin in September and continue on a rolling basis until the end of the year, just ahead of implementation of the 2.3% medical device tax.
2. Shareholders appeal loss in Intuitive Surgical lawsuit
Shareholders accusing Intuitive Surgical and its leadership of misleading investors take their case to the U.S. Court of appeals for the 9th Circuit after a lower court dismisses their complaints.
1. St. Jude Medical: Failed Durata lead not related to Riata issues
The report of a single Durata defibrillator lead failure that shaved 6% from St. Jude Medical’s share price was due to external abrasion, not the "inside-out" abrasion that prompted the company to pull its Riata leads.