Say hello to MassDevice +7, a bite-sized view of the top seven med-tech stories of the week. This latest feature of MassDevice.com’s coverage highlights our seven biggest and most influential stories from the week’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
7. J&J recalls OneTouch Verio IQ glucose meters over failure to warn at extreme levels
Johnson & Johnson’s OneTouch Verio IQ blood glucose meters were found to shut off at extremely high glucose levels, prompting a recall of all lots of the device.
6. Patients slap St. Jude Medical with lawsuits over recalled Riata heart wires
Personal injury lawsuits filed against St. Jude Medical allege that its Riata defibrillator leads were defective and caused injuries or deaths of more than 30 patients.
5. Medtech workers paid better than peers, according to Feds
Newly released figures from the Bureau of Labor & Statistics show that medical device company employees are higher paid than their counterparts in other industries, especially at the highest levels.
4. 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.
3. Keeping ahead in China means adapting to a shifting market, analysts say
Analysts at PricewaterhouseCoopers say that life sciences companies that are ready to evolve along with China’s shifting landscape will be in the best position to capitalize on what’s projected to become a $1 trillion healthcare market within the decade.
2. Treating Sinusitis: A conversation with Entellus Medical CEO Brian Farley
Medical device company Entellus Medical is looking to change the standard of care in treating chronic sinusistis.
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.
