Say hello to MassDevice +3, a bite-sized view of the top three medtech 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. Medtronic gets in on $10m Series C for Ortho Kinematics
Ortho Kinematics said yesterday that it drummed up a $9.6 million Series C round for its vertebral motion analysis technology, its flagship product.
Investors in the round included Ortho Kinematics partner Medtronic, Texo Ventures, MB Venture Partners and other previous and new backers, Austin, Texas-based Ortho Kinematics said. Read more
2. Boston Scientific buys stake in Chinese endoscopy maker Frankenman Medical
Boston Scientific said it took out a stake in Frankenman Medical, a Chinese medical device company, for an undisclosed amount.
Marlborough, Mass.-based Boston Scientific said its agreement with Frankenman calls for it to provide services and expertise in converting some of the 1 million open bile duct stone procedures annually performed in China to minimally invasive endoscopies. Read more
1. Appeals court upholds NuVasive patent win over Medtronic
A federal appeals court yesterday dealt Medtronic a 2nd blow in nearly as many weeks when it upheld a U.S. Patent & Trademark Office decision that a NuVasive patent is valid.
The U.S. Court of Appeals for the Federal Circuit affirmed the PTO’s Patent Trial & Appeal Board’s validity ruling without comment, according to court records. Medtronic asked the PTO for an inter partes review of patent no. 7,582,058, “Surgical access system and related method,” back in 2009. Read more